WESCO International Q1 sales flat
WESCO International said its net sales of $2.0 billion for the first quarter of 2019 were equal to 2018.
Organic sales for the quarter grew by 1.0 percent.
Net income for the 2019 first quarter was $42.4 million, or 93 cents per diluted share, compared to $44.4 million, or 93 cents, for the first quarter of 2018.
"Our sales growth rebounded nicely in March and has continued into April after a slow start in January and February. Backlog grew sequentially in the quarter, consistent with normal seasonality, and provides a positive set-up for the balance of the year," said John J. Engel, chairman, president and CEO.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
