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WESCO International Inc.

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WESCO third-quarter earnings are driven by solid execution and a lower tax rate. The company continues to benefit from its solid momentum across all the end markets in both U.S. and Canada. Moreover, this remains the key driver of the company’s organic sales. Also, the company is witnessing growing contract wins in all the markets which are tailwinds. Additionally, WESCO’s robust supply chain solutions portfolio and strengthening relationship with utility and non-residential construction clients are likely to continue aiding its momentum in the market. We believe improving demand from data centers, broadband, cyber security and cloud technology projects will continue to drive the company's top-line growth. However, supplier concentration remains a concern. Further, increasing sales in international projects are headwinds for margin expansion. Notably, the stock has underperformed the industry it belongs to on a year-to-date basis.


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