Monday, July 28, 2008

Some Companies are Growing and Integrated Supply

The trend for mega-distributors reporting growth continues. Wesco reports growth for second quarter 2008 at a time when many distributors are reporting down years. Since the construction industry is "in the tank" one can only assume that Wesco's Integrated Supply initiatives contine to gain traction..

WESCO Sales Grow 4.6% in 2Q
WESCO International, Inc., Pittsburgh, PA, provider of electrical MRO products, construction materials and advanced integrated supply services, reported sales of $1.59 billion for the second quarter 2008, an increase of 4.6% over second quarter 2007. Profit was $60.1 million, a slight increase over the same period a year ago.

Sales for the six months ended June 30, 2008 were $3.05 billion, a 2.8% increase over the first six months of 2007. Sales growth was 4.6% after adjusting for a previously announced divestiture. Profit for the 2008 year-to-date period was $105 million, a 2.6% decrease from same period last year.

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