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Posted July 27, 2017

WESCO International earnings flat

WESCO International reported net income of $49.5 million, or $1.02 per share, for the second quarter.


That compared to income of $49.8 million, or $1.02, in the same quarter last year.

Net sales of $1.91 billion for the quarter were unchanged from the third quarter 2016. Organic sales grew by 1.0 percent but foreign exchange rates negatively impacted net sales by 1.1 percent. 

"Notably, we returned to organic sales growth in the quarter, after eight consecutive quarters of sales declines, driven by growth in our Industrial and CIG end markets as well as in our Canadian and International businesses," said John J. Engel, WESCO's Chairman, President and CEO.

Net sales were $3.68 billion for the first six months of 2017, compared to $3.69 billion for the first six months of 2016, a decrease of 0.1 percent. Net income attributable to WESCO International, Inc. was $87.3 million for the first six months of 2017, compared to $85.9 million for the first six months of 2016.

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