Intrinsic value of Wesco International - WCC

Previous Close

$52.22

  Intrinsic Value

$65.69

stock screener

  Rating & Target

buy

+26%

Previous close

$52.22

 
Intrinsic value

$65.69

 
Up/down potential

+26%

 
Rating

buy

We calculate the intrinsic value of WCC stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 2.5

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  10.20
  9.68
  9.21
  8.79
  8.41
  8.07
  7.76
  7.49
  7.24
  7.01
  6.81
  6.63
  6.47
  6.32
  6.19
  6.07
  5.96
  5.87
  5.78
  5.70
  5.63
  5.57
  5.51
  5.46
  5.41
  5.37
  5.34
  5.30
  5.27
  5.24
Revenue, $m
  8,462
  9,281
  10,136
  11,028
  11,955
  12,920
  13,923
  14,965
  16,049
  17,174
  18,345
  19,561
  20,826
  22,143
  23,514
  24,941
  26,428
  27,979
  29,596
  31,284
  33,046
  34,886
  36,809
  38,819
  40,921
  43,120
  45,421
  47,830
  50,351
  52,992
Variable operating expenses, $m
  8,060
  8,819
  9,612
  10,438
  11,298
  12,193
  13,123
  14,089
  15,093
  16,137
  17,008
  18,136
  19,309
  20,530
  21,801
  23,124
  24,503
  25,941
  27,440
  29,005
  30,639
  32,345
  34,128
  35,991
  37,940
  39,979
  42,112
  44,345
  46,683
  49,131
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  8,060
  8,819
  9,612
  10,438
  11,298
  12,193
  13,123
  14,089
  15,093
  16,137
  17,008
  18,136
  19,309
  20,530
  21,801
  23,124
  24,503
  25,941
  27,440
  29,005
  30,639
  32,345
  34,128
  35,991
  37,940
  39,979
  42,112
  44,345
  46,683
  49,131
Operating income, $m
  403
  462
  525
  590
  657
  727
  800
  876
  955
  1,037
  1,336
  1,425
  1,517
  1,613
  1,713
  1,817
  1,925
  2,038
  2,156
  2,279
  2,408
  2,542
  2,682
  2,828
  2,981
  3,142
  3,309
  3,485
  3,668
  3,861
EBITDA, $m
  661
  725
  792
  862
  934
  1,010
  1,088
  1,170
  1,254
  1,342
  1,434
  1,529
  1,628
  1,731
  1,838
  1,949
  2,066
  2,187
  2,313
  2,445
  2,583
  2,727
  2,877
  3,034
  3,198
  3,370
  3,550
  3,738
  3,935
  4,142
Interest expense (income), $m
  74
  75
  89
  104
  120
  136
  153
  171
  189
  209
  229
  249
  271
  293
  316
  341
  366
  392
  419
  448
  478
  509
  541
  575
  610
  647
  686
  726
  768
  813
  859
Earnings before tax, $m
  328
  373
  420
  470
  521
  574
  629
  687
  747
  809
  1,087
  1,154
  1,224
  1,297
  1,373
  1,451
  1,533
  1,619
  1,708
  1,802
  1,899
  2,001
  2,107
  2,218
  2,334
  2,456
  2,583
  2,716
  2,856
  3,002
Tax expense, $m
  88
  101
  114
  127
  141
  155
  170
  185
  202
  218
  294
  312
  331
  350
  371
  392
  414
  437
  461
  486
  513
  540
  569
  599
  630
  663
  697
  733
  771
  810
Net income, $m
  239
  272
  307
  343
  380
  419
  459
  501
  545
  590
  794
  843
  894
  947
  1,002
  1,059
  1,119
  1,182
  1,247
  1,315
  1,386
  1,461
  1,538
  1,619
  1,704
  1,793
  1,886
  1,983
  2,085
  2,191

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  5,217
  5,722
  6,249
  6,799
  7,371
  7,965
  8,584
  9,227
  9,894
  10,588
  11,310
  12,060
  12,840
  13,652
  14,497
  15,377
  16,294
  17,250
  18,247
  19,287
  20,374
  21,508
  22,694
  23,933
  25,229
  26,585
  28,003
  29,488
  31,043
  32,671
Adjusted assets (=assets-cash), $m
  5,217
  5,722
  6,249
  6,799
  7,371
  7,965
  8,584
  9,227
  9,894
  10,588
  11,310
  12,060
  12,840
  13,652
  14,497
  15,377
  16,294
  17,250
  18,247
  19,287
  20,374
  21,508
  22,694
  23,933
  25,229
  26,585
  28,003
  29,488
  31,043
  32,671
Revenue / Adjusted assets
  1.622
  1.622
  1.622
  1.622
  1.622
  1.622
  1.622
  1.622
  1.622
  1.622
  1.622
  1.622
  1.622
  1.622
  1.622
  1.622
  1.622
  1.622
  1.622
  1.622
  1.622
  1.622
  1.622
  1.622
  1.622
  1.622
  1.622
  1.622
  1.622
  1.622
Average production assets, $m
  1,346
  1,476
  1,612
  1,753
  1,901
  2,054
  2,214
  2,380
  2,552
  2,731
  2,917
  3,110
  3,311
  3,521
  3,739
  3,966
  4,202
  4,449
  4,706
  4,974
  5,254
  5,547
  5,853
  6,172
  6,507
  6,856
  7,222
  7,605
  8,006
  8,426
Working capital, $m
  1,456
  1,596
  1,743
  1,897
  2,056
  2,222
  2,395
  2,574
  2,760
  2,954
  3,155
  3,365
  3,582
  3,809
  4,044
  4,290
  4,546
  4,812
  5,091
  5,381
  5,684
  6,000
  6,331
  6,677
  7,038
  7,417
  7,812
  8,227
  8,660
  9,115
Total debt, $m
  1,650
  1,929
  2,220
  2,523
  2,839
  3,167
  3,509
  3,864
  4,232
  4,615
  5,014
  5,428
  5,858
  6,306
  6,773
  7,258
  7,765
  8,292
  8,843
  9,417
  10,017
  10,643
  11,297
  11,982
  12,697
  13,445
  14,228
  15,048
  15,906
  16,805
Total liabilities, $m
  2,880
  3,159
  3,450
  3,753
  4,069
  4,397
  4,738
  5,093
  5,462
  5,845
  6,243
  6,657
  7,088
  7,536
  8,002
  8,488
  8,994
  9,522
  10,072
  10,647
  11,246
  11,873
  12,527
  13,211
  13,926
  14,675
  15,458
  16,277
  17,136
  18,034
Total equity, $m
  2,337
  2,564
  2,800
  3,046
  3,302
  3,569
  3,846
  4,133
  4,433
  4,744
  5,067
  5,403
  5,752
  6,116
  6,495
  6,889
  7,300
  7,728
  8,175
  8,641
  9,127
  9,636
  10,167
  10,722
  11,303
  11,910
  12,545
  13,211
  13,907
  14,637
Total liabilities and equity, $m
  5,217
  5,723
  6,250
  6,799
  7,371
  7,966
  8,584
  9,226
  9,895
  10,589
  11,310
  12,060
  12,840
  13,652
  14,497
  15,377
  16,294
  17,250
  18,247
  19,288
  20,373
  21,509
  22,694
  23,933
  25,229
  26,585
  28,003
  29,488
  31,043
  32,671
Debt-to-equity ratio
  0.710
  0.750
  0.790
  0.830
  0.860
  0.890
  0.910
  0.930
  0.950
  0.970
  0.990
  1.000
  1.020
  1.030
  1.040
  1.050
  1.060
  1.070
  1.080
  1.090
  1.100
  1.100
  1.110
  1.120
  1.120
  1.130
  1.130
  1.140
  1.140
  1.150
Adjusted equity ratio
  0.448
  0.448
  0.448
  0.448
  0.448
  0.448
  0.448
  0.448
  0.448
  0.448
  0.448
  0.448
  0.448
  0.448
  0.448
  0.448
  0.448
  0.448
  0.448
  0.448
  0.448
  0.448
  0.448
  0.448
  0.448
  0.448
  0.448
  0.448
  0.448
  0.448

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  239
  272
  307
  343
  380
  419
  459
  501
  545
  590
  794
  843
  894
  947
  1,002
  1,059
  1,119
  1,182
  1,247
  1,315
  1,386
  1,461
  1,538
  1,619
  1,704
  1,793
  1,886
  1,983
  2,085
  2,191
Depreciation, amort., depletion, $m
  259
  263
  268
  272
  277
  282
  288
  293
  299
  305
  97
  104
  110
  117
  125
  132
  140
  148
  157
  166
  175
  185
  195
  206
  217
  229
  241
  253
  267
  281
Funds from operations, $m
  498
  536
  575
  615
  657
  701
  747
  795
  844
  895
  891
  946
  1,004
  1,064
  1,127
  1,192
  1,260
  1,330
  1,404
  1,481
  1,561
  1,645
  1,733
  1,825
  1,921
  2,021
  2,126
  2,236
  2,352
  2,472
Change in working capital, $m
  135
  141
  147
  153
  160
  166
  173
  179
  186
  194
  201
  209
  218
  226
  236
  246
  256
  267
  278
  290
  303
  317
  331
  346
  362
  378
  396
  414
  434
  454
Cash from operations, $m
  363
  395
  427
  462
  498
  535
  575
  615
  658
  702
  690
  737
  786
  838
  891
  946
  1,004
  1,064
  1,126
  1,191
  1,258
  1,329
  1,402
  1,479
  1,559
  1,643
  1,731
  1,822
  1,918
  2,018
Maintenance CAPEX, $m
  -41
  -45
  -49
  -54
  -58
  -63
  -68
  -74
  -79
  -85
  -91
  -97
  -104
  -110
  -117
  -125
  -132
  -140
  -148
  -157
  -166
  -175
  -185
  -195
  -206
  -217
  -229
  -241
  -253
  -267
New CAPEX, $m
  -123
  -130
  -136
  -142
  -147
  -153
  -159
  -166
  -172
  -179
  -186
  -193
  -201
  -209
  -218
  -227
  -236
  -247
  -257
  -268
  -280
  -293
  -306
  -320
  -334
  -350
  -366
  -383
  -401
  -420
Cash from investing activities, $m
  -164
  -175
  -185
  -196
  -205
  -216
  -227
  -240
  -251
  -264
  -277
  -290
  -305
  -319
  -335
  -352
  -368
  -387
  -405
  -425
  -446
  -468
  -491
  -515
  -540
  -567
  -595
  -624
  -654
  -687
Free cash flow, $m
  200
  220
  242
  267
  292
  319
  347
  376
  406
  438
  413
  446
  482
  518
  556
  595
  635
  677
  720
  766
  812
  861
  912
  965
  1,019
  1,077
  1,136
  1,198
  1,263
  1,331
Issuance/(repayment) of debt, $m
  264
  279
  291
  303
  316
  328
  341
  355
  369
  383
  398
  414
  431
  448
  466
  486
  506
  528
  550
  574
  600
  626
  654
  684
  715
  748
  783
  820
  858
  899
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  264
  279
  291
  303
  316
  328
  341
  355
  369
  383
  398
  414
  431
  448
  466
  486
  506
  528
  550
  574
  600
  626
  654
  684
  715
  748
  783
  820
  858
  899
Total cash flow (excl. dividends), $m
  464
  498
  533
  570
  608
  647
  688
  731
  775
  821
  811
  860
  912
  966
  1,022
  1,080
  1,141
  1,205
  1,271
  1,340
  1,412
  1,487
  1,566
  1,649
  1,735
  1,825
  1,919
  2,018
  2,122
  2,230
Retained Cash Flow (-), $m
  -218
  -226
  -236
  -246
  -256
  -266
  -277
  -288
  -299
  -311
  -323
  -336
  -349
  -364
  -379
  -394
  -411
  -428
  -447
  -466
  -487
  -508
  -531
  -555
  -581
  -607
  -636
  -665
  -696
  -729
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  246
  272
  297
  324
  351
  381
  411
  443
  476
  510
  488
  524
  563
  602
  643
  686
  730
  776
  824
  874
  925
  979
  1,035
  1,093
  1,154
  1,218
  1,284
  1,353
  1,425
  1,501
Discount rate, %
  7.20
  7.56
  7.94
  8.33
  8.75
  9.19
  9.65
  10.13
  10.64
  11.17
  11.73
  12.31
  12.93
  13.58
  14.26
  14.97
  15.72
  16.50
  17.33
  18.19
  19.10
  20.06
  21.06
  22.11
  23.22
  24.38
  25.60
  26.88
  28.22
  29.64
PV of cash for distribution, $m
  230
  235
  236
  235
  231
  225
  216
  205
  191
  177
  144
  130
  116
  101
  87
  74
  61
  50
  40
  31
  24
  18
  13
  9
  6
  4
  3
  2
  1
  1
Current shareholders' claim on cash, %
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

WESCO International, Inc. is a distributor of products and provider of supply chain management and logistics services used in industrial, construction, utility and commercial, institutional and government (CIG) markets. The Company is a provider of electrical, industrial and communications maintenance, repair and operating (MRO) and original equipment manufacturers (OEM) products, construction materials, and supply chain management and logistics services. Its product categories include general supplies, wire, cable and conduit, communications and security, electrical distribution and controls, lighting and sustainability, and automation, controls and motors. The Company provides customers a portfolio of solutions within a range of service categories, including construction, e-commerce, energy and sustainability, engineering services, production support, safety and security, supply chain optimization, training and working capital.

FINANCIAL RATIOS  of  Wesco International (WCC)

Valuation Ratios
P/E Ratio 27.1
Price to Sales 0.4
Price to Book 1.4
Price to Tangible Book
Price to Cash Flow 9.2
Price to Free Cash Flow 9.8
Growth Rates
Sales Growth Rate -2.4%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -18.2%
Cap. Spend. - 3 Yr. Gr. Rate -8.5%
Financial Strength
Quick Ratio 2
Current Ratio 0
LT Debt to Equity 67.8%
Total Debt to Equity 70.3%
Interest Coverage 3
Management Effectiveness
Return On Assets 3.5%
Ret/ On Assets - 3 Yr. Avg. 5.3%
Return On Total Capital 3%
Ret/ On T. Cap. - 3 Yr. Avg. 5.9%
Return On Equity 5.4%
Return On Equity - 3 Yr. Avg. 10.6%
Asset Turnover 1.6
Profitability Ratios
Gross Margin 19.7%
Gross Margin - 3 Yr. Avg. 20%
EBITDA Margin 3.7%
EBITDA Margin - 3 Yr. Avg. 5.4%
Operating Margin 2.8%
Oper. Margin - 3 Yr. Avg. 4.6%
Pre-Tax Margin 1.8%
Pre-Tax Margin - 3 Yr. Avg. 3.6%
Net Profit Margin 1.4%
Net Profit Margin - 3 Yr. Avg. 2.6%
Effective Tax Rate 23.5%
Eff/ Tax Rate - 3 Yr. Avg. 27.8%
Payout Ratio 0%

WCC stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the WCC stock intrinsic value calculation we used $7679.021 million for the last fiscal year's total revenue generated by Wesco International. The default revenue input number comes from 0001 income statement of Wesco International. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our WCC stock valuation model: a) initial revenue growth rate of 10.2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 7.2%, whose default value for WCC is calculated based on our internal credit rating of Wesco International, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Wesco International.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of WCC stock the variable cost ratio is equal to 95.5%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for WCC stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for Wesco International.

Corporate tax rate of 27% is the nominal tax rate for Wesco International. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the WCC stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for WCC are equal to 15.9%.

Life of production assets of 35.8 years is the average useful life of capital assets used in Wesco International operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for WCC is equal to 17.2%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $2119.739 million for Wesco International - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 47.099 million for Wesco International is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Wesco International at the current share price and the inputted number of shares is $2.5 billion.

RELATED COMPANIES Price Int.Val. Rating
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GWW W.W. Grainger 300.38 249.51  sell
AIT Applied Indust 65.45 4.90  str.sell
HDS HD Supply Hold 38.09 57.04  buy
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COMPANY NEWS

▶ WESCO International's Management Remains Bullish   [Nov-02-18 12:36PM  Motley Fool]
▶ Wesco International: 3Q Earnings Snapshot   [06:39AM  Associated Press]
▶ Risk-Reward With Wesco   [Oct-10-18 06:30PM  GuruFocus.com]
▶ WESCO International Leaves Investors Wondering   [Aug-10-18 09:36AM  Motley Fool]
▶ Wesco International: 2Q Earnings Snapshot   [06:15AM  Associated Press]
▶ [$$] Activist Blue Harbour Sets Sail for Wesco   [Jul-07-18 12:01AM  Barrons.com]
▶ WESCO International Is Still Looking for Margin Growth   [Apr-27-18 10:14AM  Motley Fool]
▶ WESCO International, Inc. to Host Earnings Call   [Apr-26-18 08:40AM  ACCESSWIRE]
▶ Wesco International: 1Q Earnings Snapshot   [07:01AM  Associated Press]
▶ Edited Transcript of WCC presentation 8-Mar-17 3:25pm GMT   [Apr-10-18 11:00AM  Thomson Reuters StreetEvents]
▶ WESCO International: Margin Growth Needed   [Feb-02-18 05:05PM  Motley Fool]
▶ Wesco International beats Street 4Q forecasts   [Feb-01-18 06:29AM  Associated Press]
▶ What Is WESCO International Incs (NYSE:WCC) Share Price Doing?   [Dec-13-17 08:04AM  Simply Wall St.]
▶ WESCO International Turns the Corner   [11:47AM  Motley Fool]
▶ Wesco International tops Street 3Q forecasts   [Oct-26-17 06:36AM  Associated Press]
▶ [$$] A Left-Behind Sector Is Poised to Climb   [Oct-16-17 02:46PM  Barrons.com]
▶ 5 Strong Sell Stocks the Market Gave Up On   [Aug-10-17 02:38PM  Zacks]
▶ WESCO International: Trouble at the Margins   [Jul-29-17 08:19AM  Motley Fool]
▶ Wesco International tops 2Q profit forecasts   [Jul-27-17 04:24PM  Associated Press]
▶ Why WESCO International Stock Dropped 12% in April   [May-04-17 05:15PM  Motley Fool]

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