Anixter Sales Jump 22% in 1Q
Anixter International Inc., Glenview, IL, reported sales increased 22% to $1.07 billion in first quarter 2006, compared to sales of $876 million in the year-ago quarter. Net income rose 53% to $31.3 million, from $20.4 million in last year's first quarter. Sales included $70.1 million from the July 8, 2005 acquisition of Infast Group plc.
'Sales in the most recent quarter reflect a continuation of the trends of the past several quarters,' said Robert Grubbs, president and CEO. 'We again saw solid, broad-based sales growth in nearly all of the end markets we serve. Growth was particularly strong in the electrical and electronic wire and cable market due to solid end-market customer ...