WESCO Reports 26% Sales Increase in 2Q
WESCO International Inc., Pittsburgh, PA, whose primary operating entity is WESCO Distribution, provider of electrical MRO products, construction materials, and advanced integrated supply procurement outsourcing, reported sales for the second quarter ended June 30, 2006, were $1.3 billion compared with $1.06 billion in the same period last year.
The increase is partly due to two acquisitions completed in the third quarter of 2005, worth $107 million in the second quarter this year. Profit in the second quarter was $55.2 million, an increase of 50%.
WESCO reported sustained momentum in end markets as demand across most sectors remained healthy. The distributor saw improvement in commercial ...