Anixter International Q4 Profit Rises - Quick Facts

(RTTNews) - Anixter International Inc. (AXE) reported fourth-quarter net income of $58.1 million or $1.75 per share, compared to $5.1 million or $0.15 per share, last year. Adjusted earnings per share from continuing operations was $1.61 for the quarter. On average, ten analysts polled by Thomson Reuters expected the company to report profit per share of $1.46 for the quarter. Analysts' estimates typically exclude special items.

Net sales were $1.60 billion, compared to $1.54 billion, a year ago. Analysts expected revenue of $1.57 billion for the quarter.

For the full year 2014, the company expects mid-single digit organic sales growth.