Anixter International (AXE -2.2%) slips after Q2 results miss estimates. Organic sales growth...

|About: Anixter International Inc. (AXE)|By:, SA News Editor

Anixter International (AXE -2.2%) slips after Q2 results miss estimates. Organic sales growth was negative for the quarter and operating income fell 4.6% Y/Y. Operating margin fell 30 bps Y/Y and was flat sequentially. CEO Bob Eck says H1 was "muted by the global macroeconomic climate" and while he believes conditions and trends are improving, he notes that the business environment "will be characterized by low growth." Management is "cautiously optimistic" about H2. (PR)