Anixter Sees Organic Sales Growth In Q1, FY17 - Quick Facts

(RTTNews) - Anixter International Inc (AXE), a provider of electrical components & equipment, Tuesday said it expects first quarter 2017 organic sales growth in the 1% - 3% range and full year 2017 organic sales growth in the 1% - 4% range.

The company added that based on its current sales trend, backlog, and robust pipeline across all three segments, it expects continued solid growth in NSS and a return to full year growth in both EES and UPS segments.

Bob Eck, President and CEO, said, "As we enter 2017, we expect the positive momentum we experienced in the fourth quarter of 2016 to continue. Following several years of challenging industrial end markets, we are optimistic that the underlying economic environment is slowly improving, reflected by recent increases in both commodity prices and global growth forecasts."