Anixter International Inc. (NYSE:AXE - News), a distributor of communications products, on Tuesday posted a quarterly profit despite weak industrywide spending, and said its sales seem to have bottomed out. The Chicago area-based company reported a first-quarter net profit of $10.2 million, or 27 cents a diluted share, compared with $8.9 million, or 23 cents a diluted share, in the year-ago quarter. Excluding one-time items, it earned 28 cents a share. Analysts were expecting Anixter to

All access premium subscription

Only Electrical Marketing newsletter subscribers have access to premium content.

Being a subscriber to the Electrical Marketing newsletter allows you exclusive access to high value content including key economic indicators measuring the health of the market and access to the Electrical Price Index and other important industry insights.

Sign up for the Electrical Marketing newsletter to get access.

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.