Posted October 31, 2019

WESCO International sales up 3.9 percent

WESCO International reported third-quarter net sales were $2.1 billion, up 3.9 percent compared to $2.0 billion in the third quarter of 2018.

Organic sales for the quarter grew by 3.4 percent as foreign exchange rates negatively impacted net sales by 0.4 percent, and acquisitions positively impacted net sales by 0.9 percent.

Net income was $64.5 million, or $1.52 per diluted share, compared to $66.8 million, or $1.41, for the third quarter of 2018.

"We achieved record third quarter sales due to improving results in the U.S. and strength in Industrial, Utility and Datacom. Despite an economic backdrop of increased headwinds, all of our end markets and geographies grew on a year-over-year basis as expected," said John J. Engel, WESCO's chairman, president and CEO.