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WESCO Sales Up 5.3% in 3Q

WESCO International, Inc., Pittsburgh, PA, distributor of electrical MRO products, construction materials and integrated supply services, reported sales in the third quarter 2008 were $1.62 billion, up 5.3% from the prior-year period. Profit was $66 million, down from $72 million in the prior-year period.

Stephen A. Van Oss, chief financial and administrative officer, said gains were driven primarily by strength in commercial construction and utility end markets.

We are very mindful of the extraordinary challenges being experienced in the financial industry and the anticipated spillover into the commercial end markets," said Roy W. Haley, CEO. "We have taken a conservative approach to managing our overall cost structure while investing to expand our sales ...

WESCO International, Inc., Pittsburgh, PA, distributor of electrical MRO products, construction materials and integrated supply services, reported sales in the third quarter 2008 were $1.62 billion, up 5.3% from the prior-year period. Profit was $66 million, down from $72 million in the prior-year period.

Stephen A. Van Oss, chief financial and administrative officer, said gains were driven primarily by strength in commercial construction and utility end markets.

We are very mindful of the extraordinary challenges being experienced in the financial industry and the anticipated spillover into the commercial end markets,” said Roy W. Haley, CEO. “We have taken a conservative approach to managing our overall cost structure while investing to expand our sales capacity and service capabilities.”