Wesco Reports Record First Quarter
Time:2026-05-09
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The company said that it raised its outlook following an “exceptional start to 2026.”

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Wesco posted better-than-expected results, including record sales, in the first three months of the year, company officials announced in its latest quarterly earnings report.

The distribution and supply chain services company reported $6.08 billion in net sales, an increase of 13.8% compared to the first quarter of 2025. Operating profit rose by 21.8% over that span to $293.5 million, and net income attributable to Wesco common shareholders jumped by nearly 48% to $153.8 million. 

Wesco Chairman, President and CEO John Engel also highlighted adjusted EBITDA growth of 25% and an adjusted EBITDA margin that increased by 60 basis points. Engel noted that data center sales rose by 70% — and now account for nearly one-quarter of Wesco's total sales — and that its backlog climbed to a record level, “reflecting the benefits of secular growth trends and continued effectiveness of our cross-selling program.”

The company indicated that it had raised its full-year outlook heading into the second quarter, although the earnings release did not provide a forecast in detail.

"We delivered an exceptional start to 2026, building on last year's market outperformance and accelerating business momentum,” Engel said in the release. “Sales, backlog, operating margin, adjusted earnings per share and free cash flow all increased versus the prior year and exceeded our expectations.”

Source: Industrial Distribution

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