Posted April 30, 2020

WESCO International sales remain flat 

WESCO International reported net sales were $2.0 billion for the first quarter of 2020, unchanged from 2019.

Organic sales declined by 1.7 percent as the number of workdays and acquisitions positively impacted net sales by 1.6 percent and 0.5 percent, respectively. Net sales growth through the first 10 weeks of the quarter were offset by declines during the last two weeks of March.

Net income of $34.4 million, or 82 cents per diluted share, compared to $42.4 million, or 93 cents, for the first quarter of 2019.

"In these challenging times, we are committed to super-serving our customers while ensuring the integrity of their supply chains. All of our branches remain operational and we have taken the necessary steps to ensure the health and safety of our employees through implementing increased safety, sanitizing and social distancing protocols," said John J. Engel, chairman, president and CEO.