10/27/2009
NEWS BRIEFS
Anixter North American Fastener Segment Achieves “Best Sales Performance”
Anixter International reported sales at its North American OEM Supply segment, including fasteners, turned in the company’s “best sales performance in North America … where continuing softness with aerospace customers was partially offset by a small amount of growth with industrial customers,” stated CEO Robert Eck.
OEM Supply sales in North America declined 8% to $128.8 million during the third quarter of 2009.
European OEM Supply sales, including fasteners, dropped 34% to $98.9 million during Q3, though “sales in this market were flat sequentially from the second to the third quarter,” Eck stated.
Nine-month OEM Supply sales in North America slipped 3% to $372 million, with segment sales in Europe fallling 37% to $303.2 million.
Overall Q3 sales at Anixter dropped 20% to $1.27 billion, while operating income fell 51% to $58.4 million.
Eck said during the fourth quarter he expects some OEMs to “extend normal holiday factory shutdowns to further ensure their finished goods inventory levels are properly balanced for the current economic environment.”
In early July Anixter Pentacon and Anixter Eurofast were combined as the Aerospace Hardware division of Anixter Inc.
Anixter Aerospace Hardware has facilities in Texas, Canada, UK and France and is headquartered at 21123 Nordhoff St., Chatsworth, CA 91311.
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