OEM Supply – Fasteners’ Quarter 1 global sales were reported at US$249.5 million (179.4 million euros), a 9.4% increase from the same period 2013. This included a US$3.1 million favourable currency exchange element. Organic sales increased 8.1% year-on-year and 0.7% compared with Quarter 4 2013.
Anixter said the improvement in sales reflected continued increase in customer production levels plus incremental business wins. Operating income of US$12.8 million compares with US$4.9 million for Q1 2013. Operating margin of 5.1% compares to 2.1% in the prior year same quarter and 5.5% in Quarter 4 2013.
Overall Anixter Inc reported Quarter 1 sales of US$1.52 billion, reflecting organic revenue growth year-on-year of 3.8%. Operating income increased 5.7% to US$85.7 million.(…)
