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Home » WESCO 2Q Sales Up 8.6%
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WESCO 2Q Sales Up 8.6%

By    MDM  Staff 
July 22, 2010
More about:  Electrical/Electronics,  WESCO International
All four of WESCO's major end markets and all six major product categories experienced growth over first quarter results.
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WESCO International, Inc. (NYSE: WCC), Pittsburgh, PA, No. 5 on the top 25 electrical distributors, reported sales for the second quarter were $1.26 billion, an increase of 8.6 percent over a year ago. Profit improved 5.3 percent to $27.8 million.

For the first six months, sales were $2.41 billion, an increase of 2.9 percent over the prior year same period. Profit for the first half fell 5.7 percent to $47 million.

"All four of our major end markets and all six of our major product categories experienced positive sequential sales growth during the quarter," CEO John J. Engel said. "The recent acquisition of Potelcom in the quarter is consistent with our strategy of increasing sales in key industry segments and geographic regions. We see excellent opportunities to strengthen our portfolio, invest in our growth initiatives, and improve our market position as we expand our business through the recovery phase of this economic cycle."

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