Pittsburgh, PA-based WESCO International Inc. (NYSE: WCC), No. 2 on MDM's list of the top 25 electrical distributors and a provider of electrical, industrial and communications MRO and OEM products and construction materials, reported sales for the third quarter of $1.9 billion, an increase of 16.6 percent compared to the same period a year ago. Profit increased 9.1 percent to $69.2 million.
John J. Engel, CEO, said end-market conditions continue to be challenging. "Organic sales increased approximately two percent versus prior year on a same workday basis, driven by growth in data communications and continued strength in utility," he said.
For the first nine months, sales were $5.6 billion, an increase of 14.2 percent compared to the same period a year ago. Organic sales decreased 0.4 percent. Profit increased 24.6 percent to $218.4 million.