The 2020 Mid-Year Economic Update_long

WESCO Organic Sales Flat in 2013

Acquisitions were the primary driver of the 14.2 percent overall growth during the year.

WESCO International, Inc. (NYSE: WCC), Pittsburgh, PA, reported sales for 2013 of $7.5 billion, up 14.2 percent over sales in 2012. Organic sales were flat, while acquisitions positively impacted sales by 14.6 percent.

Profit for the distributor of electrical, industrial, and communications MRO and OEM products, construction materials, and advanced supply chain management and logistics services grew 37 percent to $276.4 million.

Fourth-quarter sales were $1.9 billion, an increase of 14.3 percent over the same period a year ago. Organic sales grew 1.5 percent. Profit more than doubled to $58 million from $26.5 million a year ago.

"In 2014, we expect macroeconomic conditions to show some improvement over last year with a continued recovery in non-residential construction," CEO John J. Engel said. "…As a result of executing our growth strategy over the last five years, we have strengthened our business and enhanced our position in the global marketplace.  We enter 2014 a bigger, stronger, faster and more global company.  Consolidation and outsourcing is continuing in our industry and customers are looking for a one-stop-shop to manage their global supply chain needs."

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.