The 2020 Mid-Year Economic Update_long

Wesco Sales Increase 13.6% in 2Q


WESCO International, Inc., Pittsburgh, PA, distributor of electrical MRO products and construction materials, reported sales of $1.5 billion for the second quarter 2007, an increase of 13.6% from the same period a year ago. Organic sales matched last year's second quarter.

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Profit was $57.1 million, up slightly from the comparable 2006 quarter.
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Wesco also announced it has closed on the acquisition of Cascade Controls Corporation, a distributor of automation and controls in the Northeast with annual sales of $11 million. The acquisition allows Wesco to better serve its OEM customer base.
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Wesco reported that end-market activity was slower than expected during the quarter, slowing organic sales growth. The shortfall resulted primarily from ...

WESCO International, Inc., Pittsburgh, PA, distributor of electrical MRO products and construction materials, reported sales of $1.5 billion for the second quarter 2007, an increase of 13.6% from the same period a year ago. Organic sales matched last year’s second quarter.

&nbsp ;
Profit was $57.1 million, up slightly from the comparable 2006 quarter.
&nbsp ;
Wesco also announced it has closed on the acquisition of Cascade Controls Corporation, a distributor of automation and controls in the Northeast with annual sales of $11 million. The acquisition allows Wesco to better serve its OEM customer base.
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Wesco reported that end-market activity was slower than expected during the quarter, slowing organic sales growth. The shortfall resulted primarily from an unanticipated decline in utility expenditures for distribution materials, as well as lower commercial construction activity.
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For the first six months, sales were $2.96 billion, a 14.1% increase from last year. Profit year-to-date was $105.2 million, versus $99.6 million last year.

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