Companies Report Solid First-Quarter Earnings; Forecast Decent Growth For 2007

Several electrical companies reported solid first-quarter financial results. Following are financial snapshots of the earnings reports of some industry players.

Anixter International Inc., Skokie, Ill., said its first-quarter profit rose 71 percent, partly due to higher copper prices.

Earnings grew to $53.6 million compared with $31.3 million in the year-ago period. Quarterly revenue climbed 24 percent to $1.33 billion versus $1.07 billion in the previous year.

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