Anixter International Inc. (NYSE: AXE), Glenview, IL, reported third-quarter sales of $2 billion, a 31.4 percent increase compared to the year-ago quarter, reflecting the addition of Power Solutions that the company bought from HD Supply. Sales declined 2.3 percent on a pro forma basis. Profit improved 13.8 percent to $40.3 million.
Network and security solutions sales increased 0.7 percent to $1 billion. Electrical and electronic wire and cable sales decreased 3.1 percent to $535.1 million over the same period a year ago. Utility power solutions sales decreased 8.8 percent to $371.3 million.
For the first nine months, sales were $5.7 billion, an increase of 32.8 percent over the prior-year period. Profit decreased 8 percent to $84.3 million.