Wesco International Inc.
WESCO International Reports Decline in Q3 2024 Sales and Operating Profit
Summary
WESCO International, Inc. reported a 2.7% decline in net sales and a 11.8% decrease in operating profit for the third quarter of 2024. Organic sales decreased by 0.6% year-over-year, and the company reaffirmed its full-year outlook. Free cash flow stood at $279.5 million for the quarter.
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About Wesco International Inc.
Wesco International Inc. is a leading distributor of electrical, industrial, and communications maintenance, repair, and operating (MRO) products. This asset operates at the intersection of various sectors, playing a key role in providing essential supplies to a diverse array of industries, including construction, utility, industrial, and commercial businesses. Wesco International's extensive product portfolio includes electrical and industrial control components, wiring cables, lighting solutions, and safety and security devices. The company stands out for its integrated supply chain and value-added services, such as logistics management, procurement services, and project support, which efficiently cater to customer needs across North America and globally. By delivering comprehensive supply chain solutions, Wesco International enhances operational efficiency and reliability for its clients. Founded in 1922 and headquartered in Pittsburgh, Pennsylvania, Wesco International has established itself as a pivotal player in the B2B distribution industry, underscoring its importance in connecting suppliers and customers with essential goods and services to support infrastructure and project endeavors.
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