Wesco International (NYSE: WCC), a provider of B2B distribution, logistics services and supply chain solutions, announced its sales in the third quarter of 2022 were $5.4 billion, up 15% from the same prior-year period. In addition, organic sales grew by 17%. Net income was $240 million.
Year to date, sales were $15.8 billion, up from $13.3 billion in the year-ago period.
“Our third-quarter results provide demonstrable evidence of the substantial value creation capability of the new Wesco. We once again set new company records for margin, profitability and backlog and further reduced our leverage ratio in the third quarter. The power of our increased scale, expanded portfolio, and industry-leading positions is clearly evident in our continued strong performance,” Wesco President and CEO John Engel said.