WESCO International sales up 4.8%
WESCO International said its net sales were $1.65 billion for the third quarter of 2012, compared to $1.58 billion for the third quarter of 2011, an increase of 4.8%.
Net income of $63.4 million for the current quarter was up 17.7% from $53.9 million for the prior year third quarter.
Acquisitions positively impacted sales by 4.0%. During the quarter, the company acquired Conney Safety and Trydor Industries.
Net sales for the first nine months were $4.9 billion, compared to $4.5 billion for the first nine months of 2011.
"Our third quarter results were solid, reflecting our effective execution and ability to consistently deliver strong earnings growth in a challenging economic environment. We posted our eighth consecutive quarter of double digit EPS growth on a year-over-year basis while sales continued to grow but at a moderated pace," said John J. Engel, WESCO's Cchairman and chief executive officer.
INDUSTRIAL SUPPLY MAGAZINE
The May/June issue of Industrial Supply magazine features an in-depth cover story about GHX Industrial. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
