西科国际 2024年度报告

We build, connect, power and protect the world. Wesco InternationalAnnual Report 2024 Leveraging our broad portfolio of products and services, global reach, and technical expertise, Wescocreates solutions for customers that reduce operating and supply chain costs, increase energy efficiency,eliminate waste, maintain project schedules, and make it easier to do business overall. Our dedicatedteam has cultivated long-term relationships with customers who regard Wesco as a critical supply chainpartner and with suppliers who depend on Wesco as one of their largest customers. We are investing indigital capabilities that will transform our business, and lead the evolution of our industry. Combinedwith favorable secular trends, Wesco’s opportunity is greater than ever to grow, increase profitabilityand create more value. GLOBAL REACH SALES BY REGION Wesco provides an in-country and regionalsupport structure that meets customers’ needsfor rapid deployment, scalability, global sourcing,multi-currency transactions, and local inventoryin the Americas, EMEA, and Asia-Pacific. 50+countries 700+locations ~20,000full-time employees 35,000+suppliers CORPORATE PROFILE Wesco International (NYSE: WCC) builds, connects, powers and protects the world. Headquartered inPittsburgh, Pennsylvania, Wesco is a FORTUNE 500® company with approximately $22 billion in annualsales in 2024 and a leading provider of business-to-business distribution, logistics services and supplychain solutions. Wesco offers a best-in-class product and services portfolio of Electrical and ElectronicSolutions, Communications and Security Solutions, and Utility and Broadband Solutions. The Companyemploys approximately 20,000 people, partners with the industry’s premier suppliers, and serves thousandsof customers around the world. With millions of products, end-to-end supply chain services, and leadingdigital capabilities, Wesco provides innovative solutions to meet customer needs across commercial andindustrial businesses, contractors, educational institutions, government agencies, technology companies,telecommunications providers, and utilities. Wesco operates more than 700 sites, including distributioncenters, fulfillment centers, and sales offices in approximately 50 countries, providing a local presence forcustomers and a global network to serve multi-location businesses and global corporations. JOHN ENGEL’S LETTERTo Our Stockholders, Employees, and Business Partners As a leading provider ofbusiness-to-business supplychain solutions, our Wescoteam continued to demonstratethe total value of our globalcapabilities, leading scaleand expanded portfolioof products, services, andsolutions. Against a persistentmixed and multispeed economic environment, Overall, our portfolio strengthening moves in 2024provide a foundation for future market outgrowthand margin expansion. We made excellent progress on our enterprise-wide digitalization efforts and overall businesstransformation last year. We’re more thanhalfway complete on our technology andcapabilities build which, once deployed, isexpected to accelerate our earnings growththrough greater cross-sell, expand our marginsthrough improved pricing and operating costleverage, and dramatically increase our speedto value on the integration of future acquisitions. we returned to sales growth in the fourth quarter,sparked by acceleration in our Wesco Data CenterSolutions business that was up more than 70%compared to the prior year period. We deliveredrecord free cash flow of more than $1 billion, or154% of adjusted net income in 2024. We alsoreduced our net debt by $431 million, repurchased$425 million of shares, and increased our commondividend 10% last year. Positive momentum hascarried into 2025, and our opportunity pipelineremains at a record level. As we begin 2025, we remain sharply-focusedon the continued execution of our threeenterprise strategies: 1.Extend our industry-leading scale andvalue proposition. 2.Further develop our team and our cultureof excellence. Our portfolio was strengthened through thedivestiture of our Integrated Supply businessand the acquisitions of three services-basedbusinesses, including Ascent, which closed inDecember. Ascent is a premier provider of datacenter facility management services and enablesus to provide increased value to our customersacross the entire data center lifecycle. Our pipelineof strategic acquisitions remains strong and isaligned with our goal to increase our serviceofferings to our global customers. 3.Digitalize and transform our B2B business. Overall, our portfolio strengthening moves in 2024 provide a foundationforfuture market outgrowth and margin expansion.“” Our Wesco team worked especially hard tohelp our communities in times of need andI am grateful for their dedication to ourcustomers, supplier partners and one another. // Extend Our Industry-LeadingScale and Value Proposition As a leading provider of B2B distribution, logisticsservices