Anixter 3Q Sales Flat to Prior Year
Profit fell 68 percent in the third quarter, to $19.8 million.
Profit fell 68 percent in the third quarter, to $19.8 million.
Same-store sales grew 3 percent.
Acquisition of Ace Hydraulic enhances Wajax Industrial's hydraulic repair and service capabilities.
Organic sales increased 4.6 percent over the same period a year ago.
Luddell tools will continue to be manufactured at Q.E.P.'s Oklahoma City location.
Profit increased 11.8 percent to $29.5 million.
Total sales for ITW rose 0.9 percent organically versus the prior-year period.
Growth in industrial supplies and janitorial/breakroom categories offset by declines in technology and furniture.
Organically, Industrial and Transportation segment sales grew 3.3 percent in the quarter.
Acquisitions contributed 3.9 percent to 4.6 percent sales growth in the quarter.
Profit rose 23.6 percent to $39.8 million.
Engineered Materials segment sales grew 7 percent.
Profit for the Swedish manufacturer was SEK 849 million (US$128 million).