Anixter Int'l (AXE) Tops Q2 EPS by 2c, Offers Outlook

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Anixter International Inc. Reports Second Quarter 2017 Results

July 25, 2017 6:30 AM EDT

Diluted EPS of $1.18 from continuing operations, up 90% versus $0.62 in 2Q16

Adjusted diluted EPS of $1.36 from continuing operations, up 3% versus $1.32 in 2Q16

Second Quarter Highlights

Record second quarter sales of $2.0 billion, up 2.3% YOY, reflecting growth in all regions Organic sales increased 2.6%, driven by 15.8% growth in UPS segment Generated strong cash flow of $137.1 million YTD

GLENVIEW, Ill.--(BUSINESS WIRE)-- Anixter International Inc. (NYSE: AXE) today reported sales of $2.0 billion for the quarter... More