WESCO Reports 26% Sales Increase in 2Q - Modern Distribution Management

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 construction activity in addition to strong MRO sales.


 


For the six months ended June 30, 2006, sales were $2.6 billion versus $2.05 billion in the same period last year, a 26.7% increase. Sales from the two previously mentioned acquisitions totaled $214 million for that period. Year-to-date, profit was $99.6 million versus $38.7 million last year.


 


WESCO Distribution had sales of $4.4 billion in 2005. The company employs 6,100 people, has 24,000 suppliers, and serves more than 100,000 customers worldwide. Major markets include commercial and industrial firms, contractors, government agencies, educational institutions, telecommunications businesses and utilities. WESCO operates seven distribution centers and 370 full-service branches in North America and select international markets.


 


For more details on WESCO’s second-quarter sales, click here.

Related Links:
WESCO Sales Up 28% in 1Q; Profit Climbs 300%
WESCO Reports 18.2% Sales Growth in 2005 
WESCO International To Acquire Carlton-Bates Company

More Breaking News

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.