Anixter Organic Sales Down 0.6% in Second Quarter - Modern Distribution Management

Log In

Anixter Organic Sales Down 0.6% in Second Quarter

OEM supply sales declined by 2.3 percent from the prior year.
Author
Date

Anixter International Inc. (NYSE: AXE), Glenview, IL, reported second-quarter sales of $1.6 billion, a 0.2 percent increase compared to the year-ago quarter. Organic sales declined 0.6 percent. Profit increased 4 percent to $45.9 million.

Enterprise cabling and security solutions sales of $813.8 million decreased 0.8 percent from the prior-year period. The decline was caused by on-going macroeconomic weakness in the European and emerging markets regions and the continuation of improving but slow growth trends in North America. ECS operating income of $42 million is 6 percent above the year-ago quarter. The year-over-year increase reflects improved performance in the segment’s North America and EMEA geographies.

Electrical and electronic wire and cable had second-quarter sales of $530.6 million, a 2.8 percent increase from the prior-year period despite the negative impact of an 8 percent decline in copper pricing and a decrease in the number of large projects. Organic sales increased by 0.2 percent. The segment’s EMEA and emerging markets achieved record second-quarter sales. Operating income of $38.1 million decreased 12.2 percent from the year-ago quarter.

OEM supply sales of $235.1 million declined by 2.3 percent from the prior-year quarter, reflecting a year-over-year decline in heavy truck production levels in North America. Sales increased in both the EMEA and emerging markets geographies primarily due to slightly improved production levels in certain customer verticals. Operating income of $5.7 million is 17.4 percent below the year-ago quarter.

For the first six months, sales for Anixter were $3.1 billion, a 1 percent decrease compared to the same period a year ago. Profit decreased 11 percent to $88.5 million.

Share this article

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.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!

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

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.