Anixter Reports Electrifying 3Q Organic Revenue Growth and Raises Full-Year 2018 Revenue Guidance
Anixter International's reported third-quarter revenue grew 8.1% year over year (7.4% organically) to $2.2 billion. Anixter's 7.4% organic growth rate was the highest growth rate the firm achieved since the third quarter of 2011 and was up from 4.9% organic revenue growth last quarter. All three of Anixter's segments reported strong organic sales growth; network and security solutions, or NSS, grew 6.4%, electrical and electronic solutions, or EES, grew 9%, and utility power solutions, or UPS, g...Anixter International is engaged in the distribution of network and security solutions, electrical and electronic solutions, and utility power solutions through Anixter Inc. and its subsidiaries. The Network and Security Solutions segment supplies products and customized supply chain solutions. The Electrical and Electronic Solutions segment supplies wire and cable, control, lighting and electrical bulk products and customized supply chain solutions. The Utility Power Solutions segment supplies electrical transmission and distribution products, power plant maintenance, repair and operations supplies and smart-grid products, and arranges materials management and procurement outsourcing.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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