Menu
Posted May 5, 2022

Wesco's sales climb 22 percent

Wesco International reported net sales were $4.9 billion for the first quarter of 2022 compared to $4.0 billion for the first quarter of 2021, an increase of 22.0 percent.


WESCO InternationalNet income was $166.9 million, or $3.19 per diluted share, for the first quarter of 2022 compared to $44.8 million, or 87 cents, for the first quarter of 2021.

The Electrical & Electronic Solutions (EES) segment reported net sales of $2.1 billion for the first quarter of 2022 compared to $1.7 billion for the first quarter of 2021, an increase of 21.5%.

The Communications & Security Solutions (CSS) segment posted net sales of $1.4 billion for the quarter compared to $1.3 billion for the first quarter of 2021, an increase of 14.7%.

The Utility & Broadband Solutions (UBS) segment had net sales of $1.4 billion for the quarter, compared to $1.1 billion for the first quarter of 2021, an increase of 31.6%.

SPONSORED ADS