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More on Anixter's Q1

Published 04/25/2017, 09:17 AM
Updated 04/25/2017, 09:17 AM
© Reuters.  More on Anixter's Q1

© Reuters. More on Anixter's Q1

  • Anixter (NYSE:AXE) reports organic net sales rose 4% in Q1.
  • Network & Security Solutions net sales up 3.8% to $984.9M.
  • Electrical & Electronic Solutions net sales expanded 4.2% to $527.4M.
  • Utility Power Solutions net sales advanced 6.2% to $383.5M.
  • North America net sales increased 3.6% to $1.57B.
  • Gross margin rate slipped 40 bps to 20%.
  • Adjusted operating margin rate grew 10 bps to 4.1%.
  • Adjusted EBITDA margin +10 bps to 4.7%.
  • The company expects Q2 organic sales growth in the 1.5% - 3% range.
  • FY2017 Guidance: Organic sales: +2% to +4%; Cash flow from operation: $200M to $220M; Capex: $40M to $50M.
  • Now read: W.W. Grainger - A Cash Cow Selling At A Discounted Price


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