Anixter International Inc. Reports Fourth Quarter 2019 Diluted EPS of $2.93 and Adjusted Diluted EPS of $2.18, Up 43%
ANIXTER INTL (AXE)
Last anixter intl earnings: 4/28 06:30 am
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US:NYSE Investor Relations:
investors.anixter.com/home/default.aspx
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Source: Business Wire
Fourth Quarter HighlightsRecord sales of $2.3 billion, up 6.3%, organic sales growth of 6.5%Gross Margin up 15 basis points Adjusted EBITDA up 11.3% GLENVIEW, Ill.--(BUSINESS WIRE)--Anixter International Inc. (NYSE: AXE) today announced its results for the fourth quarter of 2019.CEO Commentary"Anixter delivered another strong quarter, with organic sales growth of 6.5% for the quarter, and growth in all three segments and geographies. This organic growth was well above our outlook range of 2% to 4%, and was achieved against a strong 2018 fourth quarter. Our full year organic sales growth was 5.6%. These results demonstrate the continued focus of the Anixter team on delivering value to our customers," commented Bill Galvin, President and Chief Executive Officer.Financial Results Three Months Ended Twelve Months Ended(In millions, except per share amounts)January 3,2020 December 28,2018 PercentChange January 3,2020 December 28,2018 PercentChangeSelect Reported Measures Net S
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