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April 25, 2008

WESCO Organic Growth at 2% in 1Q

WESCO International, Inc., Pittsburgh, PA, provider of electrical MRO products, construction materials and integrated supply services, reported sales for the first quarter 2008 were $1.46 billion, up 2.9% after adjusting for a divestiture.
 
Sales for the quarter from acquisitions were $12 million.
 
Net income in the first quarter was $44.8 million versus $48.2 million in the comparable 2007 quarter.
 
Mr. Roy W. Haley, WESCO's Chairman and Chief Executive Officer said: "We have seen some deterioration in certain markets related to residential construction activity. We are cognizant of the near-term risks of a slowing economy, and we are balancing the increased investment in business development initiatives with cost containment actions in other areas of our business."

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