Anixter Sales Up 17% to $3.85B in 2005
Anixter International Inc. reported sales of $3.85 billion for the year ended Dec. 30, 2005, an increase of 17%. The electrical distributor had a profit jump of 20% to $90 million from the year before.
Sales for 2005 include $126.4 million from Infast, which was acquired on July 8, 2005, and incremental revenues of $36.7 million from the June 22, 2004 acquisition of the assets and operations of Distribution Dynamics, Inc.
For the fourth quarter ended Dec. 30, 2005, Anixter's sales were up 21% to $1.03 billion and profit dropped to $20.1 million, a 22% decrease.
'All-time high copper prices had a positive effect on our sales and earnings in the specialty wire and cable market. These two factors, along with continued ...