Several Electrical Companies See Increase in Quarterly Earnings

Several electrical companies reported second- and third-quarter financial results. Following are financial snapshots of the earnings reports of some industry players.

Anixter posts strong quarter. Anixter International, Glenview, Ill., reported a 4 percent increase in net income for the second quarter compared to the same quarter last year, earning $66.9 million on sales of $1.62 billion. The company reported a slightly lower gross margin due to lower supplier volume growth incentives

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