Wesco says ‘executing playbook’ to ‘effectively manage’ supplier price increases

Reports tariff impact, response and updates. Sees potential areas of impact: Significant number of supplier price increases to reflect tariffs; Potential changes in demand; Transitional inventory gains; Wesco (WCC) importer of record on less than 4% of Cost of Goods Sold. Says response includes: Pass through price increases; Timing between price increase announcement and pass through; Leverage scale to provide locally sourced products; Reduce imports from high tariff countries; Optimize supply chain logistics and reengineering global supply chains. Says tariff updates through Q2: Limited impact to Q2 results based on timing of notifications and effective dates; Q2 supplier price increase notifications up over 300% in count; Supplier price increase notifications thru July are up 30% in count versus all of Q3 2024; average increase ~MSD%; Modifications to effective dates based on finalization of tariff rates and timing.