Anixter Updates 2017 Sales Outlook; Q2 Organic Sales Up 2.6% - Quick Facts

(RTTNews) - Anixter International Inc. (AXE) announced, for the full year 2017, the company has increased the midpoint of its outlook range by 50 basis points, and now expects full year organic sales growth in the 3.0 - 5.0% range. The company expects third-quarter 2017 organic sales growth in the 2.0 - 4.0% range.

Second-quarter adjusted earnings per share was $1.36 compared to $1.32, prior year. The company reported sales of $2.0 billion for the quarter ended June 30, 2017, a 2.3% increase compared to the prior year quarter. Organic sales increased 2.6% year-over-year, excluding the impact of certain items.