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Anixter Sales Up 8% in Fourth Quarter
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2012-02-08
Anixter International Inc. (NYSE: AXE), Glenview, IL, No. 5 on MDM's list of top electrical distributors, reports sales for the fourth quarter were $1.5 billion, up 8 percent over the same period a year ago. Sales grew 5 percent organically. Profit increased 19 percent to $49.8 million. For the full year 2011, sales were $6.1 billion, up 17 percent year over year. Profit increased 83 percent to $200.7 million.
"Our strategic initiatives continue to help drive our sales performance in each of our end markets around the world. As expected, these efforts have once again helped to bolster our sales performance in Emerging Markets, which delivered the highest sales growth rate among our segments," said Robert Eck, president and CEO.
