WESCO International sales rise 12.6%
WESCO International said its net sales were $1.8 billion for the first quarter of 2013, compared to $1.6 billion for the first quarter of 2012, an increase of 12.6%.
Acquisitions positively impacted sales by 16.0% and organic sales declined 3.4%.
Net income of $84.1 million for the current quarter was up 59.0% from $52.9 million for the prior year quarter.
"Our first quarter results reflect solid execution in a challenging economic environment and, as expected, a continuation of the market trends experienced in the second half of last year. Although organic sales declined 3% in the quarter and were softer than expected, we continued to see the positive impact of our One WESCO sales, productivity and LEAN initiatives on our business," said John J. Engel, WESCO's chairman and chief executive officer.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
