Imperial Capital Upgrades Anixter International (AXE) to Outperform
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Anixter International Inc. Reports Third Quarter 2016 Results
October 25, 2016 6:30 AM EDTRecord 3rd quarter sales of $2.0 billion, up 31%, driven by Power Solutions acquisition
Third Quarter Highlights
Awarded $750 million, 5-year contract serving a large utility customer Diluted EPS of $1.20 and adjusted diluted EPS of $1.38, up 6% versus prior year Generated $238 million YTD in cash from operations, further improving liquidityGLENVIEW, Ill.--(BUSINESS WIRE)-- Anixter International Inc. (NYSE: AXE) today reported quarterly sales of $2.0 billion for the quarter ended September 30, 2016, a 31.4 percent increase compared to the year-ago quarter. Excluding the impact of the... More
