Rexel's 1Q North American Sales Rise 8.7% YoY - Modern Distribution Management

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Rexel’s 1Q North American Sales Rise 8.7% YoY

The French electrical distributor said total 1Q 2023 sales across the globe increased 12.6% versus the same period last year.

On April 20, France-based electrical distributor Rexel said its 2023 first-quarter North American sales were up 8.7% compared with the same period in 2022. The company reported that 1Q sales were approximately $2.27 billion in the U.S. and Canada.

Total global company sales for 1Q were just over $4.92 billion, a 12.6% increase over 1Q 2022, the company said. Same-day sales in 1Q were up 10.1%, driven by both volume and price increases. The company said the quarter was also boosted by “sustainable electrification trends across the group.”

Digital sales represented 27.4% of total sales during the year’s first quarter for Rexel.

“Rexel has gotten off to a good start this year, with double-digit growth in sales, driven by positive trends in all geographies and solid increases both in volumes and in prices, reflecting the excellent work of our teams across the Group,” Rexel CEO Guillaume Texier said. “Growth was also supported by powerful electrification trends. We continue to see high and growing demand in all geographies for energy efficiency and electricity generation solutions, electrification usages and industrial automation. These trends are supported by several drivers, including government stimulus plans and regulations, corporate energy transition agendas and general concerns from our customers over the price of energy and its availability. This strong and resilient electrification tailwind allows us to confirm our full-year 2023 guidance.”

In North America, Rexel said electrification trends continued to support its growth, with its four product families  — solar, EV charging infrastructure, HVAC and industrial automation — growing by roughly 19% and representing approximately 22% of sales.

In March, Rexel Energy Solutions announced that it had been awarded a three-year contract from the U.S. Postal Service to supply electric vehicle charging stations at Postal Service facilities.

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