Wesco (WCC) Reports Strong Q2 Earnings with Record Sales and Profitability
Wesco Financial Corporation (WCC) reported strong second-quarter results for fiscal year 2026, driven by robust demand in the data center sector. The company achieved net sales of $6.7 billion, reflecting a 13% increase compared to last year due to price benefits and volume growth across all segments. Adjusted EBITDA rose 24% to $487.2 million with an expanded margin of 7.3%, while adjusted earnings per diluted share increased by 35% to $4.57. Data center sales surged approximately 45% year over year, now accounting for more than 20% of trailing twelve-month revenue. The company also raised its full-year organic sales guidance from a range of 5-8% to 9-11%, and adjusted EPS guidance was increased by $0.75 at the midpoint. Wesco's backlog reached record levels, with Communications & Security Solutions (CSS) seeing an impressive 95% year-over-year increase in orders. The company also closed on a strategic acquisition of Newark Engineering to enhance its data center cooling capabilities and announced significant multiyear awards from hyperscale customers.
Tickers: $WCC
Topics: data_center_sales financial_performance sales_growth