Anixter 3Q Sales Boosted by Copper Prices, Acquisitions
Anixter International Inc., Glenview, IL, distributor of communication products, electrical and electronic wire & cable and a distributor of fasteners and other small parts to Original Equipment Manufacturers, reported third-quarter 2006 sales of $1.33 billion, including $13.6 million from the acquisition of IMS. Revenues rose 32% compared with the year-ago quarter.
Profit rose 204% to $76.2 million from $25.1 million in the same period last year.
For the nine months ended Sept. 29, 2006, sales were $3.6 billion, up 29%, and profit was $156.9 million, up 125%.
When compared to the first nine months of the prior year, 2006 year-to-date sales were favorably affected ...