Diluted Earnings per Share from Continuing Operations of $0.16, Including Impairment, Pension-related and Restructuring Charges of $1.16 per share On Record Fourth Quarter Sales of $1.54 Billion
Fourth Quarter Highlights
Adjusted earnings from continuing operations of $1.32 per diluted share
Achieved milestone of over $1 billion in annual Security Solutions sales
Delivered record fourth quarter sales in Electrical and Electronic Wire and Cable segment
Completed previously announced 1 million share repurchase program, bringing the total 2012 return of value to shareholders of $210 million
GLENVIEW, Ill.–(BUSINESS WIRE)–Anixter International Inc. (NYSE: AXE) today reported record sales of $1.54 billion for the quarter ended December 28, 2012, a 3.0 percent increase compared to the year ago quarter. Organic sales growth, which excludes the impact of the following items, was flat year-over-year:“With ongoing pressure on companies to reduce costs, our business model, which is based on helping our customers lower their supply chain costs and reduce execution risk, is of even greater value. We believe we are well positioned financially, operationally and strategically to capitalize on our opportunities.”
$31.0 million of sales from the second quarter acquisition of Jorvex
$8.6 million from the favorable effect of foreign exchange
$4.3 million from the favorable effect of copper pricing (…)
via Anixter International Inc. Reports Fourth Quarter 2012 Results | Business Wire.