Anixter Sales Up 31.1% in 1Q

Electrical & electronic solutions sales increased 14.8 percent year-over-year.

Anixter International Inc. (NYSE: AXE), Glenview, IL, reported first-quarter sales of $1.8 billion, a 31.1 percent increase year-over-year. Organic sales were flat compared to the prior year.

Profit increased 19.4 percent to $22.8 million.

Network & security solutions first-quarter sales increased 2.3 percent year-over-year to $949.1 million, with organic sales up 4.1 percent.

Electrical & electronic solutions sales of $506 million increased 14.8 percent over the same period a year ago. Organic sales growth decreased 7.1 percent.

Utility power solutions sales of $361.1 million increased 1.1 percent on an organic basis.

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access