WESCO International Inc., Pittsburgh, said its net sales for the fourth quarter of 2003 were $850.1 million versus $815.5 million in 2002, an increase of 4.2 percent.
Gross margins for the quarter improved to 18.8 percent versus 18.3 percent for the comparable quarter in 2002. Operating income for the fourth quarter totaled $24.7 million versus $18.3 million in last year’s comparable quarter. Net income in 2003’s fourth quarter was $9.4 million versus $4.7 million in the comparable 20
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