![]() As a percentage of net sales, the figure contracted 130 bps year over year to 14.1%. Selling, general and administrative expenses were $760.2 million, up 5.3% from the year-ago quarter’s reading. The gross margin was 22.1% for the reported quarter, which expanded 80 basis points (bps) from the year-ago period’s level. Also, benefits from investments in grid modernization, electrification and green energy advanced the utility business. Further, solid connectivity demand and rural broadband expansion led to growth in the broadband communication business. This was driven by an expanding integrated supply business. UBS (30% of net sales): Sales in the segment were $1.61 billion for the reported quarter, up 28% from the year-ago period’s number. This was attributed to the well-performing network infrastructure business and strong demand for structured cabling. Also, price inflation remained a tailwind for the segment.ĬSS (29% of net sales): Sales in the segment were $1.6 billion for the reported quarter, up 7.6% from the year-ago period’s level. Further, strength across industrial business and original equipment manufacturers drove the top line within the segment. ![]() This was driven by solid momentum across WESCO’s non-residential construction business. WESCO operates under three business units, namely Electrical & Electronic Solutions (EES), Communications & Security Solutions (CSS) and Utility & Broadband Solutions (UBS).ĮES (41% of net sales): Sales in the segment were $2.23 billion for the third quarter, up 12.7% from the year-ago period’s level. price-consensus-eps-surprise-chart | WESCO International, Inc. ![]()
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