Posted April 27, 2017

WESCO International sales fall 0.2 percent

WESCO International reported net sales of $1.77 billion for the first quarter of 2017, compared to $1.78 billion for the first quarter of 2016, a decrease of 0.2%.

Acquisitions and foreign exchange rates had positive impacts on net sales of 0.9% and 0.6%, respectively, resulting in a 1.7% decrease in organic sales.

Net income was $37.7 million, or 76 cents per diluted share, compared to $36.0 million, or 77 cents, in the same period last year.

"Our sales results reflect improving momentum in our business, driven by a return to growth in Industrial and in Canada. Operating margin was also in line with our expectations, as we continue to execute our cost management and supply chain initiatives in a still-challenging and demand-constrained pricing environment," said John J. Engel, WESCO's chairman, president and CEO.