Wesco's 4Q Sales Growth Moderates Amid Tough Comparisons, but 2019 Outlook Is Solid
Wesco's organic revenue growth really began to pick up in earnest during the second half of 2017, and that strong top-line growth persisted into the first half of 2018 before moderating during the third quarter of 2018 due to difficult prior-year comparisons. Moderating sales growth continued into the fourth quarter of 2018 as Wesco's organic sales increased under 2% year over year versus about 4% organic growth last quarter and 10% organic growth during the fourth quarter of 2017. In our view, ...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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