WCCHIGH SIGNALFINANCIAL10-K

WCC experienced a dramatic deterioration in operating cash flow generation, dropping from $1.1B to $125M while working capital expanded significantly.

The collapse in operating cash flow represents a fundamental shift in the company's cash generation capability, likely driven by substantial working capital build as both receivables and inventory grew meaningfully. This cash flow deterioration forced management to dramatically reduce share buybacks and depleted cash reserves by over half, signaling potential liquidity pressures or operational challenges that warrant close investor scrutiny.

Comparing 2026-02-13 vs 2025-02-14View on EDGAR →
FINANCIAL ANALYSIS

WCC's financial profile deteriorated notably, with operating cash flow falling dramatically while the company expanded working capital through higher receivables and inventory levels. The company's balance sheet grew across most metrics with total liabilities increasing 13.6%, while cash reserves declined substantially to $212.6M. Despite revenue growth implied by higher working capital, net income declined modestly to $640.2M, suggesting margin pressure amid what appears to be significant business expansion or operational challenges.

FINANCIAL STATEMENT CHANGES
Operating Cash Flow
Cash Flow
-88.6%
$1.1B→$125.0M

Operating cash flow fell 88.6% — earnings quality concerns; investigate working capital changes and non-cash items.

Share Buybacks
Cash Flow
-82.4%
$425.0M→$75.0M

Buyback activity reduced 82.4% — capital being redeployed elsewhere or cash conservation underway.

Cash & Equivalents
Balance Sheet
-52.7%
$449.1M→$212.6M

Cash declined 52.7% — significant cash burn or deployment; verify adequacy of remaining liquidity runway.

Accounts Receivable
Balance Sheet
+17.8%
$3.5B→$4.1B

Receivables grew 17.8% — monitor days sales outstanding for collection efficiency.

Inventory
Balance Sheet
+14.5%
$3.5B→$4.0B

Inventory built 14.5% — monitor whether demand supports this build or if write-downs may follow.

Total Liabilities
Balance Sheet
+13.6%
$10.1B→$11.5B

Liabilities increased 13.6% — monitor debt-to-equity ratio and interest coverage.

Current Assets
Balance Sheet
+13.2%
$8.4B→$9.5B

Current assets grew 13.2% — improving short-term liquidity or inventory/receivables build.

Current Liabilities
Balance Sheet
+13%
$3.8B→$4.3B

Current liabilities rose 13% — increased short-term obligations, watch current ratio.

Net Income
P&L
-10.8%
$717.6M→$640.2M

Net income declined 10.8% — review whether driven by operations, interest costs, or non-recurring items.

LANGUAGE CHANGES
NEW — 2026-02-13
PRIOR — 2025-02-14
ADDED
As of February 12, 2026, 48,661,915 shares of Common Stock, par value $.01 per share, of the registrant were outstanding.
We employ approximately 21,000 people, maintain relationships with more than 35,000 suppliers, and serve nearly 130,000 customers worldwide.
With millions of products, end-to-end supply chain services and significant digital capabilities, Wesco provides innovative solutions to meet customer needs across commercial and industrial businesses, technology companies, telecommunications providers, and utilities.
Specific applications include projects for data centers, hospitals, public transit, waste water treatment facilities, EV charging stations, and renewable and solar power plants.
Utility Broadband Solutions The UBS segment is a leader in North America, serving customers primarily in the U.S.
+7 more — sign up free →
REMOVED
As of February 13, 2025, 48,795,929 shares of Common Stock, par value $.01 per share, of the registrant were outstanding.
We employ approximately 20,000 people, maintain relationships with more than 35,000 suppliers, and serve nearly 140,000 customers worldwide.
With millions of products, end-to-end supply chain services, and leading digital capabilities, Wesco provides innovative solutions to meet customer needs across commercial and industrial businesses, contractors, educational institutions, government agencies, technology companies, telecommunications providers, and utilities.
Specific applications include projects for refineries, railways, wastewater treatment facilities, data centers, security installations, offices, and modular and mobile homes.
Utility Broadband Solutions The UBS segment is a leader in North America, with approximately 2,300 employees serving customers primarily in the U.S.
+7 more — sign up free →
MORE FINANCIAL SIGNALS
CRMHIGHSalesforce significantly increased debt by 71% to $14.4B while simultaneously ac...
2026-03-02
UNHHIGHUNH's operating income plummeted 41% despite 12% revenue growth, indicating seve...
2026-03-02
PFEHIGHPfizer achieved a dramatic 87.3% reduction in total debt from $31.4B to $4.0B, r...
2026-02-26
GILDHIGHGILD dramatically increased R&D spending by 81.5% to $9.1B while introducing new...
2026-02-24
ANALYZE ANY FILING FREE

See what changed in your portfolio's filings

500+ US-listed companies analyzed. Language delta, financial analysis, instant signal scoring.

Try Tracenotes free →