Anixter’s Utility Segment Posts Strong Growth; Management Raises Full-Year Sales Guidance Again
Anixter’s Utility Power Solutions segment, or UPS, was the highlight of Anixter’s second-quarter results. UPS sales, which represented about 21% of consolidated second-quarter sales, grew by a whopping 15.3% year over year as the segment benefited from a previously disclosed large customer win and robust sales activity from existing customers. UPS realized strong operating leverage and generated a 6.3% adjusted EBITDA margin, well above its previous four-quarter average of just over 5.5%.Anixte...
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.
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