Briefs

Wesco International Updates Investors on Growth

'We are committed to achieving our vision of becoming the best tech-enabled supply chain solutions company.'

Ari Bertenthal

Sep 27, 2024 — 1 min read

Photo of John Engel, CEO of Wesco International, from CEO Magazine.

Sep. 27, 2024 - Wesco International, a Pennsylvania-based company, provided updates about its long-term growth model in its 2024 Investor Day Meeting on Thursday, according to a press release.

The company stayed consistent with its prior expectations, noting that it expected to achieve single-digit growth over the long term.

Wesco highlighted its commitment to market leadership in its updates, and said that it is well-positioned to deliver growth and performance through re-shoring of global supply chains.

The company said it has an extensive history of increasing returns to shareholders, largely by way of acquisitions. It specifically cited integrations of Anixter and Rahi systems between 2022 and 2024.

“[Our] advancements are expected to accelerate growth, expand margins, and enhance the integration of future acquisitions,” said Wesco’s Chairman, President and CEO John Engel. “We are committed to achieving our vision of becoming the best tech-enabled supply chain solutions company in the world and creating value for all stakeholders.”

Wesco is a Fortune 500 company with more than $22 billion in annual sales. The company aims to connect, power and protect the world.

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