Wesco International (NYSE: WCC), a provider of B2B distribution, logistics services and supply chain solutions, announced its sales in the third quarter of 2024 were $5.5 billion, down 2.7% from the same prior-year period. Wesco attributed the decline to the Wesco Integrated Supply divestiture.
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Sales were $16.3 billion for the first nine months of 2024, a decrease of 3.5%.
Organic sales declined 0.6% year over year. Profit was $204.7 million for the third quarter.
“We had a strong close to our third quarter, with sales slightly up compared to the second quarter driven by accelerating momentum in our Communications and Security Solutions segment, including double-digit sales growth in our global data center business. The continued weakness in Utility and Broadband Solutions offset what would have been a return to organic growth in the quarter,” said John Engel, Wesco’s president and CEO.
