Wesco Is Embracing Digitalization and Big Data to Support its Long-Term Financial Goals
Shares of Wesco International traded lower on May 2 after the narrow-moat-rated industrial distributor reported first-quarter sales and earnings that missed consensus expectations. Reported sales declined just over 1.5% year over year to $1.96 billion, which missed the consensus estimate by about 2%. However, organic sales growth, which excludes the Sylvania acquisition and adjusts for unfavorable currency translation and one less selling day, increased 1% compared with the prior year. While 1% ...WESCO International is a distributor of products and provider of supply chain management and logistics services used primarily in industrial, construction, utility and commercial, institutional and government markets. The company is a provider of electrical, industrial, and communications maintenance, repair and operating and original equipment manufacturers products, construction materials, and supply chain management and logistics services. The company's primary product categories include general supplies, wire, cable and conduit, communications and security, electrical distribution and controls, lighting and sustainability, and automation, controls and motors.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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