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Anixter International Inc., Glenview, IL, a global distributor of communication products, electrical and electronic wire
& cable, fasteners and other small parts, reported second quarter sales of $1.2 billion, a decline of 25% from second
quarter 2008. Organic sales were down 19%. The company posted a loss of $89.8 million for the period, compared to profit of
$1.7 million the prior year.
Year-to-date, sales were $2.5 billion, a decline of 19% from 2008. Loss for the first
six months was $64.1 million, compared to profit of $120.8 million the prior year.
Sales declines were experienced
in all end-markets, as well all geographic segments. Reduced sales volumes, lower copper prices and foreign exchange contributed
to the declines. ...
Anixter International Inc., Glenview, IL, a global distributor of communication products, electrical and electronic wire
& cable, fasteners and other small parts, reported second quarter sales of $1.2 billion, a decline of 25% from second
quarter 2008. Organic sales were down 19%. The company posted a loss of $89.8 million for the period, compared to profit of
$1.7 million the prior year.
Year-to-date, sales were $2.5 billion, a decline of 19% from 2008. Loss for the first
six months was $64.1 million, compared to profit of $120.8 million the prior year.
Sales declines were experienced
in all end-markets, as well all geographic segments. Reduced sales volumes, lower copper prices and foreign exchange contributed
to the declines.
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