Wesco's growth is accelerating.
While we were impressed with Wesco’s 9% organic growth last quarter, the narrow-moat industrial distributor’s fourth-quarter organic growth was even better. Wesco’s reported sales grew 11% (10% organic) to $2 billion, which came in $64 million above the consensus estimate. This growth was broad-based, with each of the firm’s end markets contributing to a robust top line. On an organic basis, industrial end-market sales were up 14%, construction sales were up 9%, utility sales were up 9%, and com...
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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