Anixter Updates Sales Guidance - Quick Facts

(RTTNews) - Anixter International Inc. (AXE) announced, for the full year, the company increased the low end of its range by 100 basis points, and now estimates full year 2018 sales growth of 4.5 - 5.0%. Based on current conditions, the company estimates fourth-quarter organic sales growth in the 4.5 - 5.5% range, against a strong fourth quarter of 2017.

For the third-quarter, adjusted diluted earnings per share increased 23.8% to $1.61. Sales increased 8.1% to $2.2 billion versus $2.0 billion in the third quarter of 2017. Organic sales increased 7.4%, for the quarter.