Imperial Capital Raises Price Target on Anixter Int'l (AXE) to $64 Following In-Line 2Q
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Anixter International Inc. Reports Second Quarter 2016 Results
July 26, 2016 6:30 AM EDTRecord 2nd quarter sales of $2.0 billion, up 32%, driven by Power Solutions acquisition
Second Quarter Highlights
Diluted EPS of $0.62 and adjusted diluted EPS of $1.32 Record second quarter NSS sales of $1.0 billion Generated $149 million YTD in cash from operations, further improving liquidity
GLENVIEW, Ill.--(BUSINESS WIRE)-- Anixter International Inc. (NYSE: AXE) today reported quarterly sales of $2.0 billion for the quarter ended July 1, 2016, a 32.1 percent increase compared to the year-ago quarter. Excluding the impact of the following... More
