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Anixter Q1 Profit Climbs - Quick Facts

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Anixter International Inc. (AXE: Quote) 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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by RTT Staff Writer

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This apparel maker has doubled its earnings per share in just two years and increased its annual earnings forecast from time to time, despite a challenging consumer spending environment. Contributions from acquisitions, efficiency gains from self-owned global supply chain and benefits from 'Innovate-to-Elevate' strategy continue to boost the company's results. Here is a quick summary of the earnings reported after the bell on Nov 20. We have 20+ stocks listed here. The good news is you can skip this step. There is a next move that can make your life a lot easier. Our research team has already done the groundwork for you. All these stocks listed... Design software maker Autodesk, Inc. said Thursday after the markets closed that its third quarter profit fell 81% from last year, as higher costs and expenses more than offset an 11% increase in revenue. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue.
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