PITTSBURGH, Oct. 3, 2013 /PRNewswire/ -- WESCO International, Inc. (NYSE: WCC), is a leading provider of electrical, industrial, and communications maintenance, repair and operating (MRO) and original equipment manufacturers (OEM) products, construction materials, and advanced supply chain management and logistic services, announces that it completed the sale of its EECOL Electric Argentina operations to the current management team of that business on September 30, 2013. The business, acquired as part of WESCO's acquisition of EECOL Electric Corporation in December 2012, has approximately 35 employees and annual sales of approximately $7 million. WESCO expects to record a pre-tax charge of approximately $2.5 million in the third quarter related to the sale.
WESCO International, Inc. (NYSE: WCC), a publicly traded Fortune 500 holding company headquartered in Pittsburgh, Pennsylvania, is a leading provider of electrical, industrial, and communications maintenance, repair and operating ("MRO") and original equipment manufacturers ("OEM") product, construction materials, and advanced supply chain management and logistic services. 2012 annual sales were approximately $6.6 billion. The Company employs approximately 9,000 people, maintains relationships with over 18,000 suppliers, and serves over 65,000 active customers worldwide. Customers include commercial and industrial businesses, contractors, government agencies, institutions, telecommunications providers and utilities. WESCO operates nine fully automated distribution centers and approximately 475 full-service branches in North America and international markets, providing a local presence for customers and a global network to serve multi-location businesses and multi-national corporations.
The matters discussed herein may contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from expectations. Certain of these risks are set forth in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2012, as well as the Company's other reports filed with the Securities and Exchange Commission.
SOURCE WESCO International, Inc.
|WESCO International, Inc. Announces Proposed Private Offering of $400 Million Senior Notes due 2021 (2013/11/19)|
|WESCO International, Inc. Announces Pricing of $500 Million Senior Notes due 2021 ()|
|WESCO International, Inc. Announces Closing of $500 Million Senior Notes due 2021 (2013/11/26)|
|WESCO International, Inc. Reports Third Quarter 2013 Results; Achieves Record Quarterly Sales (2013/10/24)|
|New Contract with WESCO International, Inc. Offers Government Agencies More Products (2013/7/17)|
|Wesco Aircraft Holdings, Inc. Announces Sale of Common Stock by The Carlyle Group ()|
|WESCO International, Inc. To Announce Third Quarter 2013 Earnings on October 24, 2013; Conference Call and Live Webcast Scheduled for 11:00 A.M. ET (2013/10/2)|
|3PEA International, Inc. Announces the Hiring of Ruben Corona as Vice President of Sales and Strategy (2013/11/21)|
|Efftec International, Inc. Announces Asset Sale and Updates Shareholders on Current Activities (2013/10/7)|
|Darling International Inc. Completes the Rothsay Rendering Business Acquisition (2013/10/28)|
|Start Premium Trial||Register For Free|
|P||F||Fund Financial Data (13,000+ funds)|
|P||F||Stock Financial Data (7,000+ stocks)|
|P||F||Stock and Fund Screeners (basic)|
|P||F||Investing Articles and Market Commentary|
|P||F||Articles Archive (>30 days)|
|P||F||Discuss (dozens of stock, fund, bond, and general bulletin boards)|
|P||F||Portfolio Manager (basic)|
|P||F||Morningstar Investment Classroom|
|P||F||Access Your Portfolio Anytime, Anywhere via Your Mobile Device|
|P||Morningstar Fund Analyst Reports (full research on 1,700 funds, ETFs, and CEFs)|
|P||Morningstar Stock Analyst Reports (full research on more than 1,100 stocks)|
|P||Portfolio Manager (advanced with 10 X-Ray analyses, including recommendations)|
|P||Portfolio Monitor (monthly and on-demand personalized portfolio statements)|
|P||Morningstar Proprietary Stock Information (stock star ratings, buy/sell prices, economic moat ratings, and more)|
|P||Morningstar 5-Star Stock and Fund Favorites & Red Flags eNewsletters|
|P||Premium Stock and Fund Screeners (advanced with nearly infinite ways to find the best securities for you)|
|P||Discounts on Morningstar newsletters, books, seminars, and more|
Access these features and more when you sign up for Free Membership.
Join Morningstar today. It's Free.
Access these features and more when you sign up for Premium Membership.
Start your free 14-day trial today online
Your subscription may be tax deductible. Please contact your tax advisor.