Anixter International Inc. provided earnings guidance for the third quarter and full year of 2019. For the third quarter of 2019, the company expects sales growth is 2.0% to 4.0%, or organic growth of 2.5% to 4.5%. While this expected organic growth is below the second quarter organic growth rate of 6%, it is being compared to a strong third quarter of 2018 quarter, which had a 7.4% growth rate. The cumulative two year growth rate would be 10.9% at the mid point of the outlook range, which is higher than both of the previous two quarters.

For the full year of 2019, the company is increasing the lower end of full year 2019 sales outlook from 3.5% to 4%, while reaffirming the upper end of the range at 6%. After adjusting for copper and foreign exchange, the organic sales growth outlook is 4.5% to 6.5%.