Wesco International (NYSE: WCC), a provider of B2B distribution, logistics services and supply chain solutions, announced its 2022 second-quarter sales were up 19% to $5.5 billion. Net income was $402 million.
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“The exceptional results we are reporting today for the second quarter should be a clear signal that the beat goes on in terms of the value creation of Wesco’s new business model as we pass the second anniversary of the Anixter merger. We once again set new company records for sales, backlog, margin and profitability, and leverage is back to within our target range, a full year earlier than what we guided the market to expect after we completed our merger in June 2020,” Wesco President and CEO John Engel said.
