Need Help? (888) 742-5060

In The News:

WESCO 2Q Sales Up 8.6%

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."

© 2019 Gale Media, Inc.

Please do not reprint MDM's content on your website without MDM's express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or print reprints, visit MDM welcomes inbound links from your site. Please cite Modern Distribution Management.

2018-top-distributors-listThe 2018 Top Distributors List

This free PDF includes lists of top distribution companies across 14 sectors.

You will also receive MDM Update, our daily distribution e-newsletter & other distribution-focused content.

Download the Free PDF now >>

MDM-UpdateMDM Update: Daily Newsletter 

Sign up to read the best source for news & trends in wholesale distribution, MDM Update. Delivered daily to your inbox. 

Sign-up for MDM Update >>

Partner Center