WESCO Reports 18.2% Sales Growth in 2005
WESCO International Inc., distributor of electrical MRO products, construction materials, and advanced integrated supply procurement outsourcing services, saw sales jump 18.2% to $4,421 million in 2005, compared with 2004. The company's organic growth was 15.4%. Profit was $103.5 million, compared with $64.9 million last year.
Sales in the fourth quarter 2005 were $1,236.7 million compared with $987.9 million in 2004, an increase of 25.2%. Profit in the fourth quarter was $39.7 million in 2005 versus $17.1 million in the comparable 2004 quarter. WESCO had organic sales growth of 15.9% in the fourth quarter.
"Gross margin and operating margin each improved as a result of our continued focus on margin initiatives, implementation of LEAN and solid results from the ...