Canadian Electrical Wholesaler

August 18, 2020

 By John Kerr

Last week Wesco held its first call detailing its results post merger with Anixter. This meeting followed Wesco’s agreement with Competition Bureau Canada to divest its legacy utility businesses (Trydor, Brews and Laprairie), along with its datacom business with annual revenues approaching CDN$200 million, according to the release of August 6.

Canadian Electrical Wholesaler estimates the merged group after divestitures will reach just under CDN$2 billion, making it the largest electrical distributor in Canada ahead of Sonepar and Rexel, CED and Graybar. Wesco had made waves before in Canada with its acquisition of Eecol in 2012.

It will be interesting to see where the datacom and utility businesses end up and who will acquire them, and even more interesting if these businesses where possible revert to their original brands. Wesco had recently merged Trydor, Brews and Laprairie under the Wesco utility banner.

The presentation showed some “great colour” to the numbers, as one analyst put it, and showed the results of a merged Wesco and Anixter post June 22. Positive cash flows, operating profits and earnings per share were highlighted.

From a Canadian perspective the results tables showed a decrease of 21% in the second quarter, a direct result of COVID-19. This was in line with much of the industry overall and mirrored results reported by Rexel for Canada several weeks ago. On an annualized basis the next effect of a negative quarter such as this would impact by about 5% or more.

What was consistent too from a Canadian view is that Wesco reported the negative effects of their construction segment while countering them with a positive gain upwards of 17% in backlog that showed the effect of project delays. This is consistent with the experience of many electrical distributors and is being confirmed by the positive results in later June, July and August to date across the country.

Another Canadian link is that Nelson Squires, who previously headed up Wesco Canada, has been named Executive Vice President & General Manager of Electrical & Electronic Solutions. Wesco will move forward with two additional strategic business units under the banners of Communications & Security Solutions and Utility & Broadband Solutions.

John Kerr is Publisher of Canadian Electrical Wholesaler.

Nexans Webinar - Key 2021 Electrical Code Changes Impacting Wire and Cable

Nexans Free WebinarJoin NEXANS for a free webinar with Isaac Müller, Applications Engineer for Nexans as he reviews and discusses the changes to the 2021 Canadian Electrical Code related to wire and cable. This free webinar will take place Wed, Jan 27, 2021 2:00 PM - 3:00 PM EST.

This webinar includes:
- Updated rules to protect cables (12-514,12-516)
- New conditions of use for wire & cable (Table 19)
- An opportunity to ask your questions

 


Click here to register today.


AEABy Blake Marchand

“It was amazing,” Alberta Electrical Alliance CEO Tara Ternes said of their first Virtual Electrical Learning Expo. “It was a built from scratch platform, based on our 26-years of experience doing the Expo,” so it certainly didn’t go without its challenges.

“Going forward it will be much easier,” she said, adding that they learned a lot in the process of putting together and putting on the event virtually with Ivy Design, a marketing firm based out of Calgary, Alberta.

 

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Carol McGloganBy Carol McGlogan

The pandemic has given us reason to pause and evaluate everything we do. We have all been affected in our personal and professional lives, and it is during these times we realize family and community come first.

We know that EFC’s role is to bring the electrical industry closer together – and this pandemic has proven that there is no better time to come together.

 

 

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Wholesale Product Sales - OctoberThe sale of wholesale products rose 1.0% in October to $66.7 billion, marking the sixth consecutive increase for the sector. Gains in three subsectors — machinery, equipment and supplies • motor vehicles and motor vehicle parts and accessories • building material and supplies subsectors — all contributed to the growth, which was partially offset by declines in the food, beverage and tobacco, and personal and household goods subsectors.

Sales volumes grew 1.0% in October.

 

 

 

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Michelle BraniganBy Michelle Branigan

If the events of this year have shown us anything, it’s that the Canadian electricity sector is resilient. As a sector providing an essential service 24/7/365, those who work in the sector have long had that “storm mentality” and are ready for extreme weather or other crisis scenarios.

Most organizations have robust emergency plans in place, and some even have specific plans prepared for a pandemic (based on previous scares with SARS and H1N1). 

 

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Changing Scene

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Sean Bernard and Heather Jackson continue their progression through IDEAL Canada's leadership ...
Teledyne Technologies Incorporated and FLIR Systems, Inc.jointly announced that they have entered ...
What will it mean for Canada when Joe Biden officially becomes president of the United States of ...
Sonepar Canada is pleased to announce the appointment of Roger Gray as Texcan Ontario’s new Branch ...
Westburne Canada has announced the appointment of Rick Di Danieli to the role of Director, ...
Halco Lighting Technologies, a lighting manufacturer with a portfolio of lighting solutions ...
Bartle & Gibson Co. Ltd., has announced a new regional partnership enabling increased access to ...
On December 10th, EFC held its first virtual Industry Awards event which was a year-end celebration ...
Rittal Systems Ltd., Canada would like to announce that Tim Rourke will be resigning as President, ...
 

 

Stephanie SmithElectricity Human Resources Canada (EHRC) has announced Stephanie Smith as the winner of its annual Leader of the Year Award. A human-centred leader in a highly technical field, Stephanie has an impressive track record of building strong relationships both inside and outside of the nuclear community, as well as creating safe and inclusive working environments.

Recently appointed as the first female President and CEO of CANDU Owners Group, Stephanie developed her career at Ontario Power Generation (OPG) where she made history throughout her career. Notably, as Plant Manager at Pickering Nuclear she was responsible for the safe operation and maintenance of 6 nuclear reactors. 

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TexcanSonepar Canada is pleased to announce the appointment of Roger Gray as Texcan Ontario’s new Branch Manager. Gray joined the company as of November 16th and has been managing the Brampton, ON branch.

Gray brings over 25 years of experience in the wire and cable distribution industry. His experience in strategic account management, familiarity of application and site limitations has earned him creditability amongst electrical contractors and OEMs alike.

 

 

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WestburneWestburne Canada has announced the appointment of Rick Di Danieli to the role of Director, Industrial Solutions effective January 4, 2021. In this role, Rick will report to me and will be responsible for strategic direction and execution within the process and services space across Canada.


"A long standing Westburne partner and friend, Rick brings a wealth of industry and leadership experience, acquired in a 34-year career with Rockwell Automation. During that time he progressed through many leadership roles across North America, most recently as Regional Director Oil & Gas for North America," said Dave Syer, Vice President, Westburne Canada.

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Peers & Profiles

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Ariane Cardinal is Director of Planning, Purchasing, and Distribution with Stelpro.   ...
Following Groupe Stelpro’s recent acquisition of floor heating system manufacturer Flextherm, Yves ...
Electrimat is an independent Quebec-owned company that has specialized for 40 years in the ...
In July, Eaton announced that Vice President, Channel – Electrical Sector, Matt Cleary would be ...
Mission Technical Solutions is a recently established sales agency founded by industry veteran ...
Omid Nadi, Trade Marketing Manager with Ledvance, is a Ryerson University grad coming out of their ...

Yves ChabotFollowing Groupe Stelpro’s recent acquisition of floor heating system manufacturer Flextherm, Yves Chabot, President and CEO of Groupe Stelpro, agreed to answer our questions.

Given the recent acquisition, can you tell us about the key issues for your industry?

Many significant challenges exist. Over the short term, the industry must navigate the pandemic and deal with unprecedented labour scarcity. Over the medium to long term, we must position ourselves within the energy transition in a context where homes are increasingly smart and feature countless connected objects.

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