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WESCO International, Inc. (NYSE:WCC), a prominent player in the Trading Companies & Distributors industry with a market capitalization of $8.4 billion and annual revenue of $21.8 billion, announced the results of its Annual Meeting of Stockholders held on May 22, 2025. According to InvestingPro analysis, the company currently appears slightly undervalued based on its Fair Value calculations, with analysts maintaining a bullish consensus recommendation of 1.54 (where 1 is Strong Buy and 5 is Strong Sell).
During the meeting, a total of ten director nominees were elected to serve one-year terms. The board of directors’ nominees received a range of votes for their election, with John J. Engel receiving 40,192,543 votes for, and Glynis A. Bryan receiving 42,599,418 votes for, indicating strong support from shareholders. The company’s strong governance is complemented by solid financial health, with InvestingPro data showing a healthy current ratio of 2.15, indicating robust liquidity management.
In addition to the election of directors, shareholders voted on several other key proposals. The compensation of the company’s named executive officers was approved on an advisory basis, with 39,098,276 votes for the approval. Amendments to the company’s Restated Certificate of Incorporation were also approved, providing stockholders with the right to request a special meeting; this proposal received 38,313,114 votes for approval.
The appointment of PricewaterhouseCoopers LLP as the company’s independent registered public accounting firm for the year ending December 31, 2025, was ratified with an overwhelming 44,716,857 votes for.
A shareholder proposal to give shareholders the ability to call for a special shareholder meeting was not approved, receiving 16,706,464 votes for and 26,056,116 votes against.
The meeting’s outcomes reflect shareholder support for the company’s current leadership and strategic direction. All proposals were passed with the required majority except for the shareholder proposal to call for a special shareholder meeting.
This report is based on a press release statement and provides a summary of the most significant outcomes of WESCO International, Inc.’s Annual Meeting of Stockholders. The company maintains a P/E ratio of 12.87 and has demonstrated management’s confidence through aggressive share buybacks. For deeper insights into WESCO’s financial health, valuation metrics, and growth potential, investors can access the comprehensive Pro Research Report available on InvestingPro, which covers over 1,400 US equities with expert analysis and actionable intelligence.
In other recent news, WESCO International reported its first-quarter 2025 financial results, revealing earnings per share (EPS) of $2.21, which did not meet the forecasted $2.33. Despite this, the company exceeded revenue expectations, achieving $5.34 billion compared to the anticipated $5.27 billion. This revenue beat was largely driven by a significant 70% year-over-year growth in the data center business, which now represents 16% of total sales. Meanwhile, Oppenheimer adjusted its price target for WESCO to $195 from $225, maintaining an Outperform rating, while Loop Capital lowered its target to $220 from $250 but reiterated a Buy rating. Analysts noted that WESCO’s sales performance was bolstered by a 65% revenue increase from Wesco Data Center Solutions, although earnings and margins were impacted by challenges in the Electrical & Electronic Solutions segment. The company remains optimistic about organic growth in its Utility Broadband Solutions segment for the second half of the year. Additionally, WESCO reaffirmed its full-year 2025 outlook, expecting reported sales growth of about 20% and free cash flow between $600 million and $800 million.
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