7/23/2013 1:37:00 PM
NEWS BRIEF
Anixter reported OEM Supply (“OEM”) sales — including results from Anixter Fasteners — declined 2.3% to $235.1 million in the second quarter of 2013, “reflecting a year-over-year decline in heavy truck production levels in North America.”
“Sales increased in both the EMEA and emerging markets geographies primarily due to slightly improved production levels in certain customer verticals. On a sequential basis, sales increased 3.1 percent driven by a general increase in OEM manufacturing activity including heavy truck production levels in North America.”
OEM Supply operating income fell 17% to $5.7 million, and operating margin of 2.4% improved from 2.1% in the first quarter of 2013 and compares to 2.9% in the year ago quarter.
Six-month OEM Supply sales dropped 7.3% to $463.1 million, with segment operating income falling 32% to $10.6 million. ©2013 GlobalFastenerNews.com
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Related Links:
• Anixter
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