Anixter Int'l (AXE) Misses Q1 EPS by 20c, Revenues Miss
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Anixter International Inc. Reports First Quarter 2020 Diluted EPS of $1.03 and Adjusted Diluted EPS of $1.28, Down 3.8%
April 28, 2020 6:30 AM EDTFirst Quarter Highlights
Strong liquidity position with over $780 million in available cash and borrowing capacity Gross Margin improved 20 basis points Record first quarter sales in UPS segment of $448.9 million, up 4.4%, organic sales growth of 4.4%GLENVIEW, Ill.--(BUSINESS WIRE)-- Anixter International Inc. (NYSE: AXE) today announced its results for the first quarter of 2020.
CEO Commentary
"Through this challenging time, Anixter continues to serve its customer and supplier partners by operating as an essential business in markets such as utility,... More
