Wesco International, Inc. (WCC) Financial Statements

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Wesco International financial statements at a glance

Wesco International reported revenue of $21.82 billion for fiscal year 2024 (ended December 31, 2024), down 2.5% from fiscal year 2023. Net income was $660.20 million, a net margin of 3.0%.

At the end of fiscal year 2024 it had total assets of $15.06 billion, total liabilities of $10.10 billion and shareholders' equity of $4.97 billion, with cash and short-term investments of $702.60 million and total debt of $5.68 billion.

Its operations brought in $1.10 billion of cash; capital spending was $94.70 million, leaving free cash flow of $1.01 billion.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in USD; latest fiscal year ended December 31, 2024.

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Wesco International, Inc.

WCCUnited States
Manufacturing and Production
USD (Local)

Income Statement

Annual • USD

Total Revenue
21.82B
Prev Year: 22.39B
YoY: -2.5%
Operating Revenue
21.82B
Prev Year: 22.39B
YoY: -2.5%
Tax Effect of Unusual Items
22.72M
Prev Year: -5.22M
YoY: +535.1%
Cost of Revenue
17.11B
Prev Year: 17.54B
YoY: -2.5%
Gross Profit
4.71B
Prev Year: 4.84B
YoY: -2.7%
Operating Expense
3.49B
Prev Year: 3.44B
YoY: +1.5%
Selling General and Administrative
3.31B
Prev Year: 3.26B
YoY: +1.5%
Depreciation Amortization Depletion
183.20M
Prev Year: 181.30M
YoY: +1.0%
Depreciation and amortization
183.20M
Prev Year: 181.30M
YoY: +1.0%
Operating Income
1.22B
Prev Year: 1.41B
YoY: -13.0%
Net Non Operating Interest Income Expense
-364.90M
Prev Year: -389.30M
YoY: +6.3%
Non-operating Interest Expense
364.90M
Prev Year: 389.30M
YoY: -6.3%
Other Income Expense
92.70M
Prev Year: -25.10M
YoY: +469.3%
Gain on Sale of Securities
-25.50M
Prev Year: -22.90M
YoY: -11.4%
Special Income Charges
118.60M
Other Special Charges
3.60M
Gain on Sale of Business
122.20M
Other Non-operating Income (expense)
-400.0K
Prev Year: -2.20M
YoY: +81.8%
Pre-tax Income
951.00M
Prev Year: 992.00M
YoY: -4.1%
Provision for Income Taxes
231.60M
Prev Year: 225.90M
YoY: +2.5%
Net Income Common Stockholders
660.20M
Prev Year: 708.10M
YoY: -6.8%
Net Income
717.60M
Prev Year: 765.50M
YoY: -6.3%
Net Income Including Non-Controlling Interests
719.40M
Prev Year: 766.10M
YoY: -6.1%
Net Income from Continuing Operations
719.40M
Prev Year: 766.10M
YoY: -6.1%
Noncontrolling Interests
-1.80M
Prev Year: -600.0K
YoY: -200.0%
Preferred Stock Dividends
57.40M
Prev Year: 57.40M
YoY: 0.0%
Diluted NI Available to Com Stockholders
660.20M
Prev Year: 708.10M
YoY: -6.8%
Total Operating Income as Reported
1.22B
Prev Year: 1.41B
YoY: -13.0%
Total Expenses
20.60B
Prev Year: 20.98B
YoY: -1.8%
Net Income from Continuing and Discontinued Operation
717.60M
Prev Year: 765.50M
YoY: -6.3%
Normalized Income
647.22M
Prev Year: 783.18M
YoY: -17.4%
Interest Expense
364.90M
Prev Year: 389.30M
YoY: -6.3%
Net Interest Income
-364.90M
Prev Year: -389.30M
YoY: +6.3%
EBIT
1.32B
Prev Year: 1.38B
YoY: -4.7%
EBITDA
1.50B
Prev Year: 1.56B
YoY: -4.1%
Reconciled Cost of Revenue
17.11B
Prev Year: 17.54B
YoY: -2.5%
Reconciled Depreciation
183.20M
Prev Year: 181.30M
YoY: +1.0%
Net Income from Continuing Operation Net Minority Interest
717.60M
Prev Year: 765.50M
YoY: -6.3%
Total Unusual Items Excluding Goodwill
93.10M
Prev Year: -22.90M
YoY: +506.6%
Total Unusual Items
93.10M
Prev Year: -22.90M
YoY: +506.6%
Normalized EBITDA
1.41B
Prev Year: 1.59B
YoY: -11.3%
Values in USD

Wesco International key figures by fiscal year

FY2024FY2023FY2022FY2021FY2020
Revenue$21.8B$22.4B$21.4B$18.2B$12.3B
Gross profit$4.7B$4.8B$4.7B$3.8B$2.3B
Operating income$1.2B$1.4B$1.4B$801.9M$347.0M
Net income$660.2M$708.1M$803.1M$408.0M$70.4M
Total assets$15.1B$15.1B$14.8B$12.6B$11.9B
Total liabilities$10.1B$10.0B$10.4B$8.8B$8.5B
Shareholders' equity$5.0B$5.0B$4.5B$3.8B$3.3B
Cash and short-term investments$702.6M$524.1M$527.3M$212.6M$449.1M
Total debt$5.7B$6.0B$5.9B$5.1B$5.3B
Operating cash flow$1.1B$493.2M$11.0M$67.1M$543.9M
Capital spending$94.7M$92.3M$99.4M$54.7M$56.7M
Free cash flow$1.0B$400.9M-$88.4M$12.4M$487.3M

In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2013.

Questions and answers

What was Wesco International's revenue in fiscal year 2024?

$21.82 billion, down 2.5% from $22.39 billion in fiscal year 2023.

How much profit does Wesco International make?

Wesco International reported net income of $660.20 million for fiscal year 2024 (3.0% of revenue); operating income was $1.22 billion.

How much cash and debt does Wesco International have?

At the end of fiscal year 2024: cash and short-term investments of $702.60 million and total debt of $5.68 billion.

What is Wesco International's free cash flow?

$1.01 billion in fiscal year 2024 (operating cash flow of $1.10 billion minus capital spending of $94.70 million).

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
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