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WESCO International Inc. (NYSE: WCC), Pittsburgh, PA, No. 2 on MDM’s list of top electrical distributors, reported sales for the fourth quarter of $1.6 billion, an increase of 3.5 percent compared to the same period a year earlier. Organic growth was -1.3 percent. Profit fell 11.3 percent to $48.6 million.
For the full year, sales for WESCO were $6.6 billion, an increase of 7.4 percent compared to the prior year. Profit increased 14.1 percent to $223.9 million.
"We continue to see the benefits of our investments, growth strategy and effective execution and expect that to continue this year with the second half stronger than the first. As a result of playing offense over the last several years, we have strengthened our business and enhanced our position in the global marketplace," said John Engel, chairman and CEO.