Anixter Int'l (AXE) Tops Q4 EPS by 55c, Offers Outlook
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Anixter International Inc. Reports Fourth Quarter 2019 Diluted EPS of $2.93 and Adjusted Diluted EPS of $2.18, Up 43%
February 4, 2020 6:30 AM ESTFourth Quarter Highlights
Record sales of $2.3 billion, up 6.3%, organic sales growth of 6.5% Gross Margin up 15 basis points Adjusted EBITDA up 11.3%GLENVIEW, Ill.--(BUSINESS WIRE)-- Anixter International Inc. (NYSE: AXE) today announced its results for the fourth quarter of 2019.
CEO Commentary
"Anixter delivered another strong quarter, with organic sales growth of 6.5% for the quarter, and growth in all three segments and geographies. This organic growth was well above our outlook range of 2% to 4%, and was achieved... More
