The 2020 Mid-Year Economic Update_long

Anixter’s Sales Up 7% in First Quarter

Organic sales grew by 7.7%.

Anixter International Inc. (NYSE: AXE), Glenview, Illinois, reported first-quarter sales of $2.1 billion, up 7%. Profit was $39.1 million, up 22% over 2018. Organic sales grew by 7.7%.

“Sales growth was above our outlook range, driven by strong results in our NSS and UPS segments. In addition to strong sales growth, we were pleased to continue to deliver meaningful improvement in gross margin and operating margin, driven by margin initiatives implemented across the business," commented Bill Galvin, president and CEO.

Anixter’s Network & Security Solutions segment sales increased 11.8% in the first quarter, to $1.1 billion. Electrical & Electronic Solutions sales decreased 0.5% to $566 million, and Utility Power Solutions sales grew 7.2% to $430 million.

Related Posts

About the Author
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.

By subscribing, you are agreeing to MDM’s Privacy Policy.


articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to
  • 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


articles left

Want more Premium content from MDM?

Subscribe today and get:

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



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
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

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