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WESCO Sales Up 14.9% in 3Q

WESCO International Inc., Pittsburgh, PA, No. 5 on MDM's list of the top 25 electrical distributors, reported sales for the third quarter 2010 were $1.32 billion, up 14.9 percent from the prior-year period.

Profit for the quarter was $33.7 million.

Sales for the first nine months of 2010 were $3.73 billion, up 6.9 percent from the prior-year period. Profit was $80.7 million.

"Execution of our growth initiatives yielded double-digit sales growth in the industrial and construction end markets and the data communications product category, and our backlog continued to grow," said CEO John J. Engel. "We delivered strong operating margin expansion this year, increasing from 3.3 percent in the first quarter to 4.1 percent in the second quarter and 4.6 percent in the third quarter, demonstrating the operating leverage in our business model."

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