Anixter fiscal Q4 profit plunges to $9.4M

02/4/2009 | Yahoo!

Anixter International Inc. reported net income of $9.4 million for its fiscal fourth quarter versus $70.5 million for the year-earlier period. The bankruptcies of two major customers took a toll on Anixter's operating income for the fourth quarter, as did the overall economic downturn which has led to decreased sales, this article says.

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