Posted November 3, 2022

Wesco's sales climb 15.2 percent

Wesco International reported net sales were $5.4 billion for the third quarter of 2022 compared to $4.7 billion for the third quarter of 2021, an increase of 15.2%.

WESCO InternationalNet income of $225.3 million, or $4.30 per diluted share, compared to $105.2 million, or $2.02, for the third quarter of 2021.

“Strong demand and operational improvements continue to underpin the record-setting performance of each of our strategic business units," said John Engel, chairman, president and CEO. "Each strategic business unit again delivered strong organic sales and profit growth in the quarter driven by the breakthrough results of our enterprise-wide cross selling and margin improvement programs. Our increased profitability continues to fuel our investment in advanced digital capabilities that will transform our relationship with our customers and supplier partners."