WESCO International Files 2024 10-K

TL;DR

WESCO dropped its 2024 10-K. Full financials out.

AI Summary

WESCO International Inc. filed its 2024 10-K report on February 14, 2025, detailing its financial performance for the fiscal year ending December 31, 2024. The company, headquartered in Pittsburgh, PA, operates in the wholesale electrical apparatus and equipment sector. The filing provides comprehensive financial statements and disclosures as required by the SEC.

Why It Matters

This filing provides investors and analysts with a detailed look at WESCO's financial health, operational performance, and strategic positioning for the past fiscal year.

Risk Assessment

Risk Level: medium — The filing is a standard annual report and does not inherently indicate new or elevated risks.

Key Players & Entities

• WESCO INTERNATIONAL INC (company) — Filer of the 10-K report
• 20241231 (date) — Fiscal year end date
• 20250214 (date) — Filing date of the 10-K
• Pittsburgh, PA (location) — Company headquarters location

FAQ

Filing Documents

• wcc-20241231.htm (10-K) — 2809KB
• wcc-2024ex410.htm (EX-4.10) — 93KB
• wcc-2024ex191.htm (EX-19.1) — 95KB
• wcc-2024ex211.htm (EX-21.1) — 132KB
• wcc-2024ex231.htm (EX-23.1) — 2KB
• wcc-2024ex311.htm (EX-31.1) — 10KB
• wcc-2024ex312.htm (EX-31.2) — 10KB
• wcc-2024ex321.htm (EX-32.1) — 7KB
• wcc-2024ex322.htm (EX-32.2) — 7KB
• image_0.jpg (GRAPHIC) — 12KB
• wcc-20241231_g1.jpg (GRAPHIC) — 135KB
• wcc-20241231_g2.jpg (GRAPHIC) — 451KB
• 0000929008-25-000005.txt ( ) — 17190KB
• wcc-20241231.xsd (EX-101.SCH) — 74KB
• wcc-20241231_cal.xml (EX-101.CAL) — 90KB
• wcc-20241231_def.xml (EX-101.DEF) — 756KB
• wcc-20241231_lab.xml (EX-101.LAB) — 1263KB
• wcc-20241231_pre.xml (EX-101.PRE) — 998KB
• wcc-20241231_htm.xml (XML) — 2530KB

Risk Factors

Item 1A. Risk Factors 11

Unresolved Staff Comments

Item 1B. Unresolved Staff Comments 21

Cybersecurity

Item 1C. Cybersecurity 22

Properties

Item 2. Properties 23

Legal Proceedings

Item 3. Legal Proceedings 23

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 23 PART II

Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 24

[Reserved]

Item 6. [Reserved] 25

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 26

Quantitative and Qualitative Disclosures About Market Risk

Item 7A. Quantitative and Qualitative Disclosures About Market Risk 40

Financial Statements and Supplementary Data

Item 8. Financial Statements and Supplementary Data 42

Changes in and Disagreements With Accountants on Accounting and Financial Disclosure

Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 89

Controls and Procedures

Item 9A. Controls and Procedures 89

Other Information

Item 9B. Other Information 89

Disclosure Regarding Foreign Jurisdictions that Prevent Inspections

Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 89 PART III

Directors, Executive Officers and Corporate Governance

Item 10. Directors, Executive Officers and Corporate Governance 90

Executive Compensation

Item 11. Executive Compensation 90

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 90

Certain Relationships and Related Transactions, and Director Independence

Item 13. Certain Relationships and Related Transactions, and Director Independence 90

Principal Accountant Fees and Services

Item 14. Principal Accountant Fees and Services 91 PART IV

Exhibits and Financial Statement Schedule

Item 15. Exhibits and Financial Statement Schedule 92

Form 10-K Summary

Item 16. Form 10-K Summary 99

Signatures

Signatures 100 Table of Contents PART I

Business

Item 1. Business. In this Annual Report on Form 10-K, "Wesco" refers to WESCO International, Inc., and its subsidiaries and its predecessors unless the context otherwise requires. References to "we," "us," "our" and the "Company" refer to Wesco and its subsidiaries. The Company WESCO International, Inc. ("Wesco International") and its subsidiaries (collectively, "Wesco" or the "Company"), headquartered in Pittsburgh, Pennsylvania, is a leading provider of business-to-business distribution, logistics services and supply chain solutions. We employ approximately 20,000 people, maintain relationships with more than 35,000 suppliers, and serve nearly 140,000 customers worldwide. With millions of products, end-to-end supply chain services, and leading digital capabilities, Wesco provides innovative solutions to meet customer needs across commercial and industrial businesses, contractors, educational institutions, government agencies, technology companies, telecommunications providers, and utilities. Our innovative solutions include supply chain management, logistics and transportation, procurement, warehousing and inventory management, as well as kitting and labeling, limited assembly of products and installation enhancement. Wesco operates more than 700 sites, including distribution centers, fulfillment centers, and sales offices, in approximately 50 countries, providing a local presence for customers and a global network to serve multi-location businesses and global corporations. Business Segments and Industry Overview Wesco has operating segments comprising three strategic business units consisting of Electrical & Electronic Solutions ("EES"), Communications & Security Solutions ("CSS") and Utility & Broadband Solutions ("UBS"). The following is a description of each of our business segments and the industries in which they operate. Electrical & Electronic Solutions The EES segment, with approximately 6,700 employees serving customers in over 50 countries, is

View Full Filing

View this 10-K filing on SEC EDGAR