Description

WESCO International and the Grid Modernization Wave—A Quiet Expansion Into Higher-Value Utility Services!

WESCO International closed 2025 with strong top-line momentum, supported by broad-based volume growth and continued share gains across most end markets, while profitability and cash generation reflected a more mixed outcome. Fourth-quarter sales reached a record level, driven primarily by Communications and Security Solutions and Electrical and Electronic Solutions, with data center-related activity emerging as the dominant contributor to growth. Data center sales expanded sharply year over year and represented a meaningful share of total company revenue, reflecting demand across both power infrastructure and connectivity environments. Backlog reached a record level, providing visibility into continued activity entering 2026. Operational performance showed resilience but also highlighted structural pressures. Gross margin remained broadly stable in the fourth quarter but declined modestly for the full year, reflecting project mix and competitive pricing, particularly within Utility and Broadband Solutions.