Anixter Pentacon Sales Grow
April 28
00:00
2003
Anixter Pentacon Sales Grow
Jason Sandefur
Sales for the first quarter of 2003 grew 11.6% to$49.6 million over fourth quarter 2002 results for Anixter Pentacon. The performance helped parent company Anixter International Inc. post an 8% Q1 sales gain to $662.2 million, with operating profits increasing 10% to $22.6 million. Anixter International acquired Pentacon in September 2002.
CEO Robert Grubbs said Pentacon�s results were achieved despite �very soft production schedules,� and showed signs of renewed customer confidence. Grubbs also reported that the combining of $130 million worth of Anixter OEM wire and cable sales into Pentacon is making �good� progress. Web: anixter.com �2003 FastenerNews.com
There are no comments at the moment, do you want to add one?
Write a comment