News Column

BRIEF: Wesco reports second-quarter earnings

July 24, 2014

By Anya Litvak, Pittsburgh Post-Gazette



July 24--Wesco International, a South Side-based distributor of electrical, industrial, construction and other equipment, reported net income of $68.9 million, or $1.28 per share during the second quarter of this year. That's up from $65.3 million, or $1.25 per share, during the same time period last year.

The company, which has been on an acquisition spree over the past several years, said it saw sales grow domestically, in Canada and elsewhere abroad during the quarter, and expects the non-residential construction to be a particular bright spot in future sales growth.

Net sales were $2 billion during the past quarter, a rise from $1.9 billion during the same three months in 2013.

Anya Litvak: alitvak@post-gazette.com.

___

(c)2014 the Pittsburgh Post-Gazette

Visit the Pittsburgh Post-Gazette at www.post-gazette.com

Distributed by MCT Information Services


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Pittsburgh Post-Gazette (PA)


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters