WESCO International Archives

Reshoring: A Potential $15B Windfall for Industrial Distributors

A new report calculates that U.S.-based industrial distributors could stand to benefit considerably over the next decade from increased MRO demand driven by the domestication of manufacturing production and foreign investment.

August 31, 2022

Earnings

Wesco 2Q Sales Remain Robust as Backlog Soars 80%

June 22 marked the 2-year anniversary of Wesco's landmark acquisition of Anixter International, which continues to drive major sales gains.

August 4, 2022

Mergers & Acquisitions

QuickTake: Innovation from Strategic Deals Challenges PE Playbook

Mike Marks and Tom Gale explore the impact of recent landmark acquisitions and how the mission of strategic deals runs counter to that of private equity.

July 22, 2022

Operations

Wesco EVP Dosch to Retire in August

WESCO International announced the upcoming retirement of Ted Dosch, executive vice president, strategy and chief transformation officer.

June 10, 2022

Operations

Wesco 1Q Sales Up 22% to $4.9B

The Pittsburgh, Pennsylvania-based company record first-quarter net sales of $4.9 billion, up 22% from 1Q 2021.

May 6, 2022

Operations

WESCO Reports ‘Record’ 4Q Sales

WESCO International Inc. reported 2021 fourth-quarter sales of $4.9 billion, a 17.5% increase over the same quarter in 2020.

February 15, 2022

Operations

WESCO Joins ETIM

The global supply chain solutions and distribution company has joined the product classification standards organization, ETIM said.

December 9, 2021

Operations

What the Infrastructure Bill Means for Distributors

Some distribution sectors will feel stronger tailwinds than others from the Infrastructure Investment and Jobs Act.

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December 1, 2021

Operations

Forbes: WESCO Among Best Employers

WESCO International Inc. is one of the World’s Best Employers and one of America’s Best Employers for Women, magazine says.

November 29, 2021

Operations

WESCO Reports ‘Record’ 3Q

WESCO International Inc. had 2021 third-quarter sales of $4.7 billion, a 14.2% increase over the same span a year ago.

November 4, 2021

Leadership

WESCO International Names Cooney to Board of Directors

WESCO also announced that Lynn M. Utter has decided to retire from the board of directors after more than 15 years of service.

August 16, 2021

Operations

Opportunity Knocks for WESCO’s Broadband Fiber Portfolio

With Anixter in the fold, WESCO International is looking to cash in on the Federal Communication Commission’s $20 billion Rural Digital Opportunity Fund.

August 11, 2021

Operations

WESCO’s 2Q Sales More Than Double

The company again benefited from its $4.5 billion acquisition of Anixter International Inc. in 2020, with revenue spiking 120.2%.

August 5, 2021

Operations

Anixter Acquisition Boosts WESCO’s 1Q Sales

Ever since completing the $4.5 billion acquisition of Anixter International Inc. almost a year ago, WESCO has benefited from favorable comps, which was again the case in 1Q.

May 6, 2021

Leadership

WESCO Tech Exec Fosters Innovation with Next-Gen Tech and Partnerships

Rose Chen is driving new growth opportunities by promoting cross-collaboration with emerging technology partners across artificial intelligence, Internet of Things (IoT), and digital technologies.

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April 11, 2021

Operations

WESCO Divests Canadian Datacom Business

This latest transaction is part of WESCO’s commitment to divest its legacy Canadian Utility and Datacom businesses in connection with Canadian law.

February 15, 2021

Operations

WESCO’s 2020 Sales Grow 48% on Anixter Addition

For the fourth quarter, sales were also up big — 97% — thanks to its market-shifting acquisition last year.

February 9, 2021

Operations

WESCO Sells Canadian Utility Business to Rexel

The transaction partially fulfills WESCO’s commitment to divest its legacy Canadian Utility and Datacom businesses in connection with Canadian law.

February 2, 2021

Leadership

WESCO Appoints Chief Information and Digital Officer

Electrical distribution giant WESCO named Akash Khurana as its executive vice president and chief information and digital officer.

November 10, 2020

Operations

WESCO’s 3Q Sales Soar on Anixter Acquisition

In its second earnings report since completing the $4.5 billion acquisition of Anixter International Inc. but first to include the new addition's full financials, WESCO recorded a 93% sales jump and a $66.2 million profit.

November 5, 2020

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