Anixter International Inc. Reports First Quarter 2014 Results
Adjusted Diluted EPS Up 13% to $1.44 Versus Diluted EPS of $1.27 in the Year-ago Quarter, On Record 1st Quarter Sales of $1.52 Billion
Organic revenue growth of 3.8%
Operating income up 5.7%
Record first quarter Emerging Markets sales, up 15%
OEM Supply – Fasteners sales up 9.4%
GLENVIEW, Ill.–(BUSINESS WIRE)–Apr. 29, 2014– Anixter International Inc. (NYSE: AXE) today reported sales of $1.52 billion for the quarter ended April 4, 2014, a 2.2 percent increase compared to the year-ago quarter. Despite the negative weather impact in the months of January and February and excluding the impact of the following two items, organic sales increased by 3.8 percent year-over-year:$12.1 million from the unfavorable effect of copper pricing
$11.8 million from the unfavorable effect of foreign exchange (…)
via Anixter International Inc. Reports First Quarter 2014 Results.