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ANIXTER INTERNATIONAL INC

No Longer Reporting

The company has not filed an annual or quarterly report since its Q1 FY2020 10-Q, filed Apr 28, 2020. Its latest SEC filing is a 15-15D from Jul 23, 2020.

The sections below describe the company as of the FY2019 annual report.

What Did They Do?

Supplies network and security products, including cabling, surveillance and access-control systems, to businesses, government agencies and contractors or integrators.

How Did They Make Money?

For product sales, Anixter typically receives payment 30 to 60 days after goods ship or reach the agreed location; service work is paid for as it is provided, with payment typically received 30 to 60 days later.

FY2019 revenue

Who Were Their Customers?

Businesses and public agencies buy network and security products directly or through contractors and integrators. Industrial firms and equipment makers buy directly or through electrical contractors, engineering firms and panel shops; utilities buy power products and procurement services.

Did Revenues Turn Into Profits?

Yes. It kept 3 cents of every revenue dollar as net income in FY2019.

Operating income, FY2019
4% of revenue
Net income, FY2019
3% of revenue

How Were They Changing?

Since the FY2019 annual report
Latest quarter: Q1 FY2020, the three months to Apr 3, 2020
Revenue
▼ −2%
vs $2.1B in Q1 FY2019
Net income
▼ −9%
vs $39.1M in Q1 FY2019
  • Jun 22, 2020 WESCO completed its merger with Anixter Anixter became a wholly owned WESCO subsidiary, and its New York Stock Exchange shares were delisted.

Grew. Revenue grew 16% in 4 years, from $7.6B in FY2016 to $8.8B in FY2019, about 4% a year.

Direct EES sales The latest report says the commercial and industrial group sells to end users directly as well as through contractors, integrators and engineering firms; the earlier report described sales through channels.

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