Wesco

News Summary:

On July 30, 2026, Wesco's Q2 2026 earnings call highlighted exceptional results, with the company reporting record sales, backlog, adjusted EBITDA, and adjusted earnings per share that exceeded plans, alongside positive free cash flow generation. The company achieved its fourth consecutive quarter of double-digit sales growth, primarily fueled by data centers, and mid-single-digit sales growth across its diversified portfolio, leading to improved profitability and an expanded adjusted EBITDA margin. During the earnings call, management also raised its guidance for the year, anticipating organic sales growth between 9% and 11% and lifting the adjusted EBITDA margin guidance to a range of 6.9% to 7.1%. This momentum was attributed to surging data center demand and strengthened margins across all business units, with the company's backlog continuing to swell, including a 95% surge in CSS backlog, a 30% climb in EES, and an 80% jump in UBS. Additionally, the acquisition of Newark Engineering strengthened Wesco's presence in Southeast Asia, enhancing support for large regional and global data center customers. Earlier on July 30, Wesco International's stock rallied 11.9% following the strong second-quarter earnings report, record sales and adjusted earnings, and the higher full-year outlook. Wesco International had announced its second-quarter 2026 results, reporting a bottom line of $209.0 million, or $4.23 per share, an increase from $189.2 million, or $3.83 per share, in the prior year.