WESCO International sales up 19.4%
WESCO International reported net sales of $1.6 billion for the fourth quarter of 2011, compared to $1.3 billion for the fourth quarter of 2010, an increase of 19.4%.
Acquisitions positively impacted consolidated sales by 6.2%.
Net income of $54.8 million for the current quarter was up 57.5% from $34.8 million for the prior year quarter.
For the year, sales were $6.1 billion, compared to $5.0 billion the previous year, an increase of 21.0%. Net income of $196.3 million for the full year was up 69.9% from $115.5 million for the prior year.
"Our fourth quarter results were strong and close out an excellent year. We have now posted six consecutive quarters of double-digit organic sales growth and five consecutive quarters of EPS growth of at least 40% versus prior year," said John J. Engel, chairman and CEO.
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.
