Wesco (WCC) Q1 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Thu, April 30, 2026 astatine 11:45 AM CDT 36 min read

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DATE

Thursday, April 30, 2026 astatine 10 a.m. ET

CALL PARTICIPANTS

• Chairman, President, and Chief Executive Officer — John J. Engel

• Chief Financial Officer — [Name Not Provided]

Full Conference Call Transcript

John J. Engel: Thank you, Scott. Good morning, everyone. Thank you for joining our telephone today. We delivered an exceptional commencement to 2026, gathering connected past year's marketplace outperformance and accelerating concern momentum. In the archetypal quarter, sales, backlog, operating margin, adjusted net per share, and escaped currency travel each accrued versus the anterior twelvemonth and exceeded our expectations. Record first-quarter income of $6.1 cardinal were up 14%, marking our 3rd 4th successful a enactment of double-digit income growth. Booming information halfway request remains a important maturation operator of our business. Data halfway income of $1.4 cardinal were up astir 70% versus anterior twelvemonth and represented 24% of full institution income successful the quarter.

Overall, our concern momentum continued to accelerate successful the 4th with integrated income up sequentially, outpacing mean seasonality and reinforcing the spot and durability of request crossed our extremity markets. This show reflects broad-based spot crossed our full portfolio led by continued beardown momentum successful CSS and EES, on with improving trends successful UBS. We again ended this 4th with a grounds backlog, up 22% versus anterior year, reflecting the continued effectiveness of our cross-selling programme and providing wide visibility of the secular maturation trends successful our business. Profit growth, borderline improvement, and escaped currency travel procreation were besides fantabulous successful the archetypal quarter.

Adjusted EBITDA grew 25% and adjusted EBITDA borderline expanded 60 ground points driven by gross borderline enlargement and beardown operating outgo leverage connected our double-digit income growth. Adjusted diluted net per stock was up 52% versus the anterior year. Free currency travel procreation astatine 128% of adjusted nett income was besides precise strong, underscoring our disciplined execution and continued absorption connected moving superior management. We are precise pleased with our first-quarter results. While we stay mindful of the volatility of the broader macroeconomic environment, we spot affirmative momentum continuing crossed our business. As a result, we are raising our full-year outlook for 2026.

As the marketplace person and with affirmative momentum building, I americium assured that WESCO International, Inc. volition proceed to outperform our markets done disciplined execution, our differentiated worth proposition, and the spot of our planetary platform. Our squad remains focused connected driving beardown maturation and borderline enlargement and delivering superior worth to our customers and shareholders. One last comment: arsenic we announced earlier this year, Dave Schulz is retiring from WESCO International, Inc., and our caller CFO has joined our team. I would similar to convey Dave for his outstanding leadership, his dedicated service, and his tremendous contributions to WESCO International, Inc. and our wide occurrence implicit the past 10 years. We privation Dave and his household our precise best.