WESCO International
27 named things its latest annual report says its results depend on, each in the company's own words. 15 of them are also named by other companies we've read.
Customers
Top ten customers
earns from · approximately 15% of our salesOur top ten customers accounted for approximately 15% of our sales in 2025.Business (Item 1)
Also named by BGC, CBOE, CVLG, ENTG, FBIN, HUBB, LPX, MEDP and 9 more
Data centers
earns fromThe CSS segment, serving customers in over 50 countries, is a global leader in data center, network infrastructure and security solutions.Business (Item 1)
Also named by AESI, AGX, BKR, BSM, CBRE, CEG, CMI, CNP and 26 more
Investor owned utilities
earns fromThese two businesses comprise the vast majority of our utility customers in the U.S. and Canada.Business (Item 1)
Suppliers
Top ten suppliers
depends on · approximately 32% of our purchasesnamed as a riskHowever, our 10 largest suppliers in 2025 accounted for approximately 32% of our purchases by dollar volume for the period.Risk factors (Item 1A)
Preferred supplier agreements
depends on · approximately 68% of our purchasesWe have commercial agreements with more than 450 preferred suppliers and approximately 68% of our purchases are made pursuant to these arrangements.Business (Item 1)
Supplier rebates and incentive programs
depends onnamed as a riskWe derive a meaningful portion of profitability and cash flow from supplier rebates, volume discounts, co-op/marketing funds and other incentive arrangements with suppliers.Risk factors (Item 1A)
Partners and platforms
Cloud service providers
depends onnamed as a riskWe rely heavily on cloud-based services, systems and networks operated or supported by various third-party service providers to operate critical business systems, to process, transmit and store information, and to conduct our business activities and transactions with employees, customers, vendors and other third parties.Risk factors (Item 1A)
Also named by ALLY, BAC, BX, C, EFX, HLT, IDXX, LNC and 5 more
Third-party AI vendors
depends onnamed as a riskWe also depend on third‑party AI vendors, platforms, cloud service providers, data sources, and other partners to enable and operate certain AI capabilities.Risk factors (Item 1A)
Other companies
Anixter
named as a riskWe have incurred significant indebtedness to finance mergers and acquisitions, including the merger with Anixter in 2020, to support working capital growth, investments in our digital platform and to fund investments in our operations.Risk factors (Item 1A)
Places
Canada
operates in · 144 in Canadanamed as a riskChanges in the tax law at the federal and state/provincial levels, in particular, in the U.S. and Canada, jurisdictions which account for most of our income before taxes, can have a material adverse effect on our results of operations.Risk factors (Item 1A)
Also named by AAP, AJG, ALL, AMRC, AOS, ARE, BBY, BF/B and 97 more
International sales outside U.S.
earns from · approximately 26% of our revenuesnamed as a riskWe derive approximately 26% of our revenues from sales outside of the U.S.Risk factors (Item 1A)
United States
operates in · 427 locations in the U.S.We sell to global customers through our network of distribution centers, fulfillment centers and sales offices consisting of 427 locations in the U.S., 144 in Canada, 49 in the Asia Pacific region, which includes Australia, 48 in Europe and the Middle East, and 45 in Central America, the Caribbean and South America.Business (Item 1)
Also named by ABBV, ADP, AJG, AMGN, APA, AXGN, AXP, BALL and 139 more
Hazards
Russia-Ukraine and Middle East conflicts
named as a riskSupply chain constraints, increased product costs and inflationary pressures could continue or escalate in the future, for example if the Russia-Ukraine, Middle East or other geopolitical conflicts escalate or are further prolonged, which would have an adverse impact on our business and results of operations.Risk factors (Item 1A)
Flooding and wildfires
operates innamed as a riskFor example, some of our customers’, suppliers’ and our operations are in water-stressed regions or areas prone to flooding or wildfires, and our facilities depend on power grids that may be impacted by severe weather.Risk factors (Item 1A)
Commodities and inputs
Canadian dollar
exposed to its price · approximately 26% of our salesnamed as a riskEven small fluctuations in exchange rates in currencies where we significantly transact, such as the Canadian dollar, could have material impacts on our business and financial results.Risk factors (Item 1A)
Also named by ABBV, ADBE, AMG, AYI, BBY, BWXT, CBRE, CDRE and 67 more
SOFR
exposed to its price · $19.5 millionnamed as a riskA 100 basis point rise or decline in interest rates would result in an increase or decrease to interest expense of $19.5 million under our current capital structure.Market risk (Item 7A)
Also named by AAP, AIOT, APG, APH, ARES, AXON, BGC, BR and 82 more
Copper wire and conduit (commodity-priced products)
exposed to its pricenamed as a riskSome of our products, such as wire and conduit, are commodity price based products and may be subject to significant price fluctuations which are beyond our control.Risk factors (Item 1A)
Regulators
Internal Revenue Service (IRS)
subject to · 20% of the amount of ineligible tax credits disallowednamed as a riskIn some cases, the IRS can also impose a penalty of 20% of the amount of ineligible tax credits disallowed.Risk factors (Item 1A)
Also named by AAPL, ABNB, ADI, AJG, AMGN, BBSI, BMNR, BRO and 39 more
Laws and programs
One Big Beautiful Bill Act (OBBBA)
subject tonamed as a riskModifications to the computation of the tax-basis EBITDA-based limitation on the deductibility of business interest expense, which become effective in 2026, could have a material adverse impact in future periods on our ability to deduct incremental interest expense on our borrowings.Risk factors (Item 1A)
Also named by AA, ABR, ADI, ADM, ALB, AMAT, AMGN, AMKR and 121 more
EU Corporate Sustainability Reporting Directive (CSRD)
subject tonamed as a riskThe continually evolving nature of ESG frameworks and climate disclosure regimes, particularly the CSRD and its ESRS standards, creates uncertainty regarding the timing, scope, applicability, and assurance requirements of disclosures, as well as the operational measures expected to support those disclosures, including climate transition plans and supply chain due diligence.Risk factors (Item 1A)
Also named by AMAT, AVY, CBRE, FFIV, GNRC, HLT, IEX, INGR and 19 more
OECD global minimum tax
subject tonamed as a riskThe Company does not expect the global minimum tax rules to have a material impact on the Company’s worldwide tax expense, but they are expected to create significant additional compliance obligations.Risk factors (Item 1A)
Also named by AAPL, APP, ARW, AXP, BAC, BALL, CB, CBRE and 15 more
Uyghur Forced Labor Prevention Act
subject tonamed as a riskWe are subject to a broad range of laws and regulations in the jurisdictions where we operate globally, including, among others, those relating to data privacy and protection, cyber security, import and export requirements, anti-bribery and corruption, product compliance, extended producer responsibility requirements, supplier regulations regarding the sources of supplies or products (such as the Uyghur Forced Labor Prevention Act or other forced labor, traceability and country of origin verification requirements), sustainability and environmental protection, health and safety requirements, intellectual property, foreign exchange controls and cash repatriation restrictions, labor and employment, human rights, e-commerce, advertising and marketing, anti-competition, artificial intelligence and tax.Risk factors (Item 1A)
Also named by AMRC, ANET, ASO, CROX, DDS, FND, FSLR, LULU and 7 more
Hart-Scott-Rodino Antitrust Improvements Act
subject tonamed as a riskPremerger notification and reporting obligations under the Hart-Scott-Rodino Antitrust Improvements Act (“HSR Act”), as well as analogous merger control and foreign direct investment regimes globally, have become more burdensome, costly, and time-consuming.Risk factors (Item 1A)
Also named by AWK, BEN, BLK, CPRT, CTAS, FSK, KVUE, NXST and 2 more
U.S. reciprocal tariffs
subject tonamed as a riskVolatile trade policies, including a shift toward a “reciprocal” tariff regime in the U.S., and retaliatory measures by foreign governments, could materially increase our costs, disrupt supply availability and lead times, reduce price competitiveness, and adversely affect demand for our products and services.Risk factors (Item 1A)
Federal Acquisition Regulation (FAR) and DFARS
subject tonamed as a riskFurthermore, as a government contractor selling to federal, state and local government entities, we are also subject to a wide variety of additional laws and regulations, including the Federal Acquisition Regulation (“FAR”) and Defense Federal Acquisitions Regulation Supplement (“DFARS”), and additional compliance obligations, such as Cybersecurity Maturity Model Certification (CMMC) compliance, domestic preference and Buy America/Build America requirements.Risk factors (Item 1A)
Also named by LDOS
Inflation Reduction Act transferable tax credits
subject tonamed as a riskThe Company purchased transferable tax credits (“TTCs”) which we used to offset our 2024 and 2025 U.S. federal income tax liabilities.Risk factors (Item 1A)
California Senate Bills 253 and 261
subject tonamed as a riskOur failure to execute our ESG programs and objectives as planned, or in accordance with the evolving expectations of various stakeholders or regulators in the U.S., Europe and globally, including compliance with standards and regulations such as the EU Corporate Sustainability Reporting Directive (CSRD)’s ESRS standards, ISSB standardsRisk factors (Item 1A)