The company reported profit of $376 million, a 30% drop when compared to the year-ago period.
Latest In Earnings
WESCO has also made an offer to acquire Anixter International.
Operating results declined due to weak global economic conditions, increased FedEx Ground costs from expanded service offerings, the loss of business from a large customer, a continuing mix shift to lower-yielding services and a more competitive pricing environment.
For fiscal 2019, sales grew 2% to $1.8 billion.
Annual sales were up 0.4% over 2018.
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