Anixter International Inc. (AXE) said its net income for the first quarter improved to $55.6 million or $1.62 per share from $40.9 million or $1.13 per share in the prior year.
Net sales for the quarter advanced to $1.52 billion from $1.47 billion in the previous year.
Analysts polled by Thomson Reuters expected the company to report earnings of $1.42 per share on revenues of $1.53 billion for the quarter. Analysts' estimates typically exclude special items.
Separately, Anixter announced that its Board of Directors declared the payment of a special dividend to shareholders of $4.50 per common share, or a total cash outlay of approximately $150 million. The special dividend is payable on May 31, 2012 to shareholders of record on May 16, 2012.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.