WESCO Enjoys 7.6% YOY Sales Growth in 3Q 2014

WESCO International, Inc., Pittsburgh, announced its 3Q 2014 sales results last week and the results came in fairly strong.  John Engel, WESCO's chairman and CEO, said in a press release , "Our third quarter results reflect strong sales execution and continued improvement in our end markets. Organic sales grew 7% with growth accelerating through the quarter. Sales were up in all four of our end markets for the second consecutive quarter. Organically, U.S. sales grew 8% while Canada sales grew 5%.

“We continue to see favorable momentum in our customer base, including strengthening in non-residential construction, which we expect will result in ongoing growth in our key markets. Based upon our third quarter results, we are narrowing our full year outlook to approximately 5% sales growth and $5.25 to $5.35 earnings per diluted share from our previous outlook of 4% to 5% sales growth and $5.20 to $5.40 earnings per diluted share.” Details

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