Wesco International, Inc. · NYSE:WCC
Wesco International — Q1 2026 Earnings Presentation
31 slides from Wesco International's earnings presentation, Apr 30, 2026
Slide 1: First Quarter 2026 Webcast Presentation
NYSE: WCC First Quarter 2026 Webcast Presentation April 30, 2026
Slide 2: Forward-Looking Statements and Non-GAAP Measures
Forward-Looking Statements and Non-GAAP Measures All statements made herein that are not historical facts should be considered as "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties an
Slide 3: First Quarter Highlights and Full Year Outlook
First Quarter Highlights and Full Year Outlook • First-quarter sales of $6.1B, with reported sales up 14% Record first-quarter sales and – 12% organic growth, driven by 22% organic growth in CSS backlog, up 14% and 22% – Accelerating momentum, with Q1 organic sales up 1% sequentially respectively, s
Slide 4: First Quarter YOY Results
First Quarter YOY Results Outstanding quarter with organic sales up 12%, adj. EBITDA up 25% and adj. EPS up 52% +12% Net Sales¹ Organic Adjusted EBITDA +25% ($Millions) Sales +60 bps $6,080 $389 $5,344 $311 5.8% 6.4% of sales of sales 2 Q1 2025 Price Volume M&A, Fx, and Q1 2026 Q1 2025 Reported Gros
Slide 5: Earnings Per Share
Earnings Per Share Outstanding Q1 earnings performance with adjusted EPS up 52% +52% Q1 EPS $3.37 $2.21 Q1 2025 Core Operations Foreign Exchange Interest Other Q1 2026 Adjusted EPS Adjusted EPS • Core operating performance was the primary driver, reflecting strong sales • Higher interest expense was
Slide 6: Communications and Security Solutions (CSS)
Communications and Security Solutions (CSS) Organic sales up 22% YOY; continued strong Wesco Data Center Solutions growth First Quarter Drivers Q1 Results Organic sales up 22% (volume +21%, price +1%), reported sales up 24% YOY $ Millions Q1 2026 Q1 2025 YOY • Wesco Data Center Solutions (WDCS) deli
Slide 7: Electrical and Electronic Solutions (EES)
Electrical and Electronic Solutions (EES) Organic sales up 7% driven by strong growth across OEM and Construction First Quarter Drivers Q1 Results Organic sales up 7% (volume +3%, price +4%), reported sales up 9% YOY $ Millions Q1 2026 Q1 2025 YOY • Construction up LDD, driven by strong wire and cab
Slide 8: Utility and Broadband Solutions (UBS)
Utility and Broadband Solutions (UBS) Improving demand and backlog momentum First Quarter Drivers Q1 Results Organic sales up 6% (volume +3%, price +3%), reported sales up 6% YOY $ Millions Q1 2026 Q1 2025 YOY • Utility delivered HSD growth, reflecting strong double-digit IOU growth and continued po
Slide 9: Data Center Sales Approaching $5B on TTM basis
Data Center Sales Approaching $5B on TTM basis Data center sales continue to scale, representing 24% of Q1 sales and 20% of TTM sales 3-5 Years Site 1-2 Year Data Center Substation Time to Power Construction Period Land acquisition with access to power Civil construction Transformers Mechanical, ele
Slide 10: Data Center Product, Services and Solutions Offering
Data Center Product, Services and Solutions Offering Providing holistic services and solutions for every phase of the data center lifecycle Gray Space Data Center White Space End-to-end electrical, automation and MRO capabilities Extensive next-generation infrastructure and services for always-on co
Slide 11: Free Cash Flow
Free Cash Flow Strong cash conversion in Q1, with free cash flow at 128% of adjusted net income Q1 2026 Net Working Capital (NWC)¹ ($ Millions) % of TTM Sales $51 $(23) $(216) $449 $213 $167 20.6% 128% of Adjusted 20.1% 20.2% $(215) Net Income Adjusted D&A Accounts Inventory Accounts Capex Free Net
Slide 12: Record Debt Refinancing
Record Debt Refinancing Greater than $20 million in annualized interest savings • Executed a highly successful $1.5 billion bond offering in Notes Maturity Schedule the first quarter to redeem our 2028 senior notes ($ Millions) • 5-year notes due 2031 priced at a 5.25% coupon — the lowest coupon Wes
Slide 13: 2026 Strategic Business Unit Sales Growth Drivers
2026 Strategic Business Unit Sales Growth Drivers Raising growth expectations driven by continued strength in data centers % of Wesco 2026 SBU Sales 2026 2025 Sales Outlook Breakdown1 Outlook Reported Sales Growth Reported Sales Growth Enterprise Network Infrastructure Communication and Security Sol
Slide 14: Full-Year 2026 Outlook
Full-Year 2026 Outlook Increasing reported and organic sales outlook and raising EBITDA and EPS expectations 2026 Outlook Assumptions 2026 Outlook (millions, except effective tax rate) FY 2026 February April February April Depreciation and Amortization ~$195-$205 ~$195-$205 Organic sales growth 4% -
Slide 15: Second Quarter 2026 Outlook
Second Quarter 2026 Outlook Solid start to Q2 with April preliminary sales per workday up ~10% Q2 Outlook YOY Organic Sales Trends YOY Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 +6% +7% +12% +9% +12% 20% Reported Sales 15% Up HSD 10% 5% Adjusted EBITDA % ~ Flat 0% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Slide 16: First Quarter Highlights and Full Year Outlook
First Quarter Highlights and Full Year Outlook • First-quarter sales of $6.1B, with reported sales up 14% Record first-quarter sales and – 12% organic growth, driven by 22% organic growth in CSS backlog, up 14% and 22% – Accelerating momentum, with Q1 organic sales up 1% sequentially respectively, s
Slide 17: Appendix
Appendix © 2026 Wesco International 17
Slide 18: Workdays
Workdays Q1 Q2 Q3 Q4 FY 2024 63 64 64 63 254 2025 62 64 64 63 253 2026 62 64 64 63 253 © 2026 Wesco International 18
Slide 19: Organic Sales Growth
Organic Sales Growth ($ Millions) Three Months Ended Growth/(Decline) March 31, 2026 March 31, 2025 Reported Sales Acquisition Foreign Exchange Workday Organic Sales EES $2,244.2 $2,065.3 8.7 % — % 1.7 % —% 7.0 % CSS 2,478.9 2,000.3 23.9 % — % 2.0 % —% 21.9 % UBS 1,357.0 1,278.1 6.2 % — % 0.4 % —% 5
Slide 20: Gross Profit
Gross Profit ($ Millions) Three Months Ended March 31, 2026 March 31, 2025 Net sales $6,080.1 $5,343.7 Cost of goods sold (excluding depreciation and amortization) 4,788.3 4,218.1 Gross profit $1,291.8 $1,125.6 Gross margin 21.2 % 21.1 % Gross profit is a financial measure commonly used in the distr
Slide 21: Business Unit Gross Profit and Gross Margin
Business Unit Gross Profit and Gross Margin ($ Millions) Electrical and Electronic Solutions (EES) Three Months Ended Gross Profit: March 31, 2026 March 31, 2025 Net sales $2,244.2 $2,065.3 Cost of goods sold (excluding depreciation and amortization) 1,711.0 1,594.1 Gross profit $533.2 $471.2 Gross
Slide 22: Free Cash Flow
Free Cash Flow ($ Millions) Three Months Ended March 31, 2026 March 31, 2025 Cash flow provided by operations $221.4 $28.0 Less: Capital expenditures (23.4) (20.4) Add: Other adjustments 15.4 1.8 Free cash flow $213.4 $9.4 Percentage of adjusted net income 127.7 % 7.6 % Free cash flow is a non-GAAP
Slide 23: Net Working Capital - March 31, 2026
Net Working Capital - March 31, 2026 ($ Millions) As of Four-quarter Average as of June 30, 2025 September 30, 2025 December 31, 2025 March 31, 2026 March 31, 2026 Trade accounts receivable, net $3,942.8 $4,204.2 $4,069.6 $4,273.1 Inventories 3,971.2 4,059.1 4,008.8 4,213.1 Accounts payable 3,291.4
Slide 24: Net Working Capital - March 31, 2025
Net Working Capital - March 31, 2025 ($ Millions) As of Four-quarter Average as of June 30, 2024 September 30, 2024 December 31, 2024 March 31, 2025 March 31, 2025 Trade accounts receivable, net $3,654.6 $3,629.1 $3,454.4 $3,641.3 Inventories 3,505.8 3,630.1 3,501.7 3,740.2 Accounts payable 2,688.9
Slide 25: Net Working Capital - March 31, 2024
Net Working Capital - March 31, 2024 ($ Millions) As of Four-quarter Average as of June 30, 2023 September 30, 2023 December 31, 2023 March 31, 2024 March 31, 2024 Trade accounts receivable, net $3,850.7 $3,795.0 $3,639.5 $3,526.7 Inventories 3,584.3 3,541.4 3,572.1 3,525.4 Accounts payable 2,662.7
Slide 26: Adjusted EBITDA – 1Q 2026
Adjusted EBITDA – 1Q 2026 EBITDA and Adjusted EBITDA by Segment (1) The reportable segments do not incur income taxes and interest ($ Millions) Three Months Ended March 31, 2026 expense as these costs are centrally controlled through the Corporate EES CSS UBS Corporate Total tax and treasury functio
Slide 27: Adjusted EBITDA – 1Q 2025
Adjusted EBITDA – 1Q 2025 EBITDA and Adjusted EBITDA by Segment (1) The reportable segments do not incur income taxes and interest ($ Millions) Three Months Ended March 31, 2025 expense as these costs are centrally controlled through the Corporate EES CSS UBS Corporate Total tax and treasury functio
Slide 28: Adjusted SG&A, Income from Operations, Other (Income) Expense, and Provision for Income Taxes
Adjusted SG&A, Income from Operations, Other (Income) Expense, and Provision for Income Taxes (1) Digital transformation costs include costs associated with certain ($ Millions) Three Months Ended digital transformation initiatives. March 31, 2026 March 31, 2025 (2) Restructuring costs include sever
Slide 29: Adjusted Net Income Attributable to Common Stockholders
Adjusted Net Income Attributable to Common Stockholders ($ Millions) Three Months Ended (1) Digital transformation costs include costs associated with certain digital transformation initiatives. March 31, 2026 March 31, 2025 Net income attributable to common stockholders $153.8 $104.0 (2) Restructur
Slide 30: Adjusted Earnings Per Diluted Share
Adjusted Earnings Per Diluted Share ($ Millions, except for per share data) Three Months Ended March 31, 2026 March 31, 2025 Adjusted income from operations $311.0 $248.2 Interest expense, net 96.7 86.3 Adjusted other income, net (0.4) (0.1) Adjusted income before income taxes 214.7 162.0 Adjusted p
Slide 31: Financial Leverage
Financial Leverage (1) Digital transformation costs include costs associated with certain ($ Millions, except ratios) Twelve Months Ended digital transformation initiatives. March 31, 2026 December 31, 2025 (2) Cloud computing arrangement amortization consists of expense Net income attributable to c