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Anixter Fastener Sales up 8.1% in Q1
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2014-07-25
Anixter’s OEM Supply - Fasteners reported 2014 Quarter 1 organic sales up 8.1% year over year, and up 0.7% on a sequential quarter basis.
(Unit: Million) | Anixter OEM Supply - Fastener | |||
Particulars | Sales | Operating Income | Operating Margin | Organic sales increased 8.1% and 0.7% compared with Quarter 4, 2013. |
Q1, 2014 | 249.5 | 12.8 | 5.1% | |
Q1, 2013 | 228.0 | 4.9 | 2.1% | |
Change | +9.4% | +161% | +3 pts. | |
(Unit: Million) | Overall Anixter Inc. | |||
Particulars | Sales | Operating Income | Operating Margin | Organic revenue grows 3.8%. |
Q1, 2014 | 1,520 | 85.7 (up 5.7%) | --- | |
In the investors conference call, CEO Bob Eck commented: “Steadily improving market trends in all of our segments fueled strong performance, particularly in our OEM Supply - Fasteners segment and across all segments in Europe and emerging markets. For the fifth consecutive quarter we achieved significant performance improvements in our fasteners segment, reflecting increases in our customers’ production levels coupled with the results of actions we took to reposition the business for profitable growth. We also experienced a solid recovery in our core enterprise communications business, with double-digit growth in both our emerging markets and European geographies.”
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