Last €69.93 EUR
Change Today +0.355 / 0.51%
Volume 0.0
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As of 3:01 AM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

anixter international inc (AX1) Snapshot

Open
€70.38
Previous Close
€69.58
Day High
€70.38
Day Low
€69.93
52 Week High
03/6/14 - €77.92
52 Week Low
04/22/13 - €46.80
Market Cap
2.3B
Average Volume 10 Days
27.0
EPS TTM
--
Shares Outstanding
32.7M
EX-Date
12/9/13
P/E TM
--
Dividend
--
Dividend Yield
5.15%
Current Stock Chart for ANIXTER INTERNATIONAL INC (AX1)

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anixter international inc (AX1) Details

Anixter International Inc., together with its subsidiaries, distributes enterprise cabling and security solutions, electrical and electronic wire and cable products, original equipment manufacturer (OEM) supply fasteners, and other small parts. The company operates in Enterprise Cabling and Security Solutions; Electrical and Electronic Wire and Cable; and OEM Supply segments. Its Enterprise Cabling and Security Solutions segment offers copper and fiber optic cable and connectivity, access control, video surveillance, cabinets, power, cable management, voice and networking switches, and other ancillary products to finance, transportation, education, government, healthcare, and retail industries. The company’s Electrical and Electronic Wire and Cable segment provides electrical and electronic wire and cable, shipboard cable, support and supply products, low-voltage cable, instrumentation cable, industrial communication and control products, security cable, connectors, industrial Ethernet switches, and voice and data cable to the industrial and OEM markets. Its OEM Supply segment product offers nuts, bolts, screws, washers, clips, gaskets, brackets, and rivets, as well as other fasteners and small components to OEM customers. The company’s customers include manufacturing, resource extraction, telecommunications, Internet service providers, finance, education, healthcare, transportation, utilities, aerospace and defense, and government, as well as contractors, installers, system integrators, value-added resellers, architects, engineers, and wholesale distributors. Anixter International Inc. distributes its products primarily in North America, Europe, Latin America, and the Asia Pacific. The company, formerly known as Itel Corporation, was founded in 1957 and is headquartered in Glenview, Illinois.

8,200 Employees
Last Reported Date: 02/20/14
Founded in 1957

anixter international inc (AX1) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $900.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $500.0K
Executive Vice President of Operations
Total Annual Compensation: $420.0K
Executive Vice President of Global Enterprise...
Total Annual Compensation: $430.0K
Executive Vice President of Electrical and El...
Total Annual Compensation: $430.0K
Compensation as of Fiscal Year 2013.

anixter international inc (AX1) Key Developments

Anixter Sale Reportedly Falter As Buyers Balk At Price

Sale of Anixter International Inc. (NYSE:AXE) has reportedly stalled as potential buyers reject Anixter’s price expectations, according to several people familiar with the matter. Rexel SA (ENXTPA:RXL) passed on making an offer, two of the people said, asking not to be identified discussing private information. Advent International Corporation and CVC Capital Partners Limited., also chose not to bid after looking at the asset, two people said. Anixter was seeking offers of more than $115 per share. While Rexel wasn’t willing to pay more than $110 per share, one of the people said. The sale effort, directed by Goldman Sachs Group Inc., is now in limbo and likely to be terminated, the people said. AcAccording to Bloomberg, Anixter declined to comment, as did Andrew Williams at Goldman Sachs and spokesmen for Advent, CVC and Rexel. The shares of Anixter fell 4.2% to $97.29 in New York today.

Anixter International To Sell Its Business

Anixter International Inc. (NYSE:AXE) is working with Goldman Sachs to sell its business, Bloomberg says. Rexel SA (ENXTPA:RXL), Carlyle Investment Management, L.L.C. and Melrose PLC, ESOP are the potential bidders for Anixter International, according to Bloomberg.

Anixter International Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended January 3, 2014; Provides Earnings Guidance for 2014; Announces Impairment Charges for the Fourth Quarter Ended January 3, 2014

Anixter International Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended Jan. 3, 2014. For the quarter, the company reported net sales of $1,598.5 million against $1,544.4 million a year ago. Operating income was $95.6 million against $38.6 million a year ago. Income from continuing operations before taxes was $80.6 million against $20.6 million a year ago. Net income from continuing operations was $58.2 million or $1.75 per diluted share against $5.2 million or $0.16 per diluted share a year ago. Net income was $58.2 million or $1.75 per diluted share against $5.1 million or $0.15 per diluted share a year ago. In the quarter, the company generated $137.2 million of cash from operations bringing the year-to-date cash flow from operations to $334.5 million. Non-GAAP income from continuing operations before taxes were $80.6 million against $67.3 million a year ago. The adjusted net income for the current quarter of $53.4 million compares to the adjusted net income for the prior year quarter of $42.8 million, an increase of 24.8%. Non-GAAP adjusted earnings of $1.61 per diluted share compares to an adjusted $1.30 in the prior year quarter. For the full year, the company reported net sales of $6,226.5 million against $6,253.1 million a year ago. Operating income was $354.8 million against $282.5 million a year ago. Income from continuing operations before taxes was $296.0 million against $209.2 million a year ago. Net income from continuing operations was $200.4 million or $6.04 per diluted share compared to $124.6 million or $3.69 per diluted share in the year ago. Net income was $200.5 million or $6.04 per diluted share against $124.8 million or $3.69 per diluted share a year ago. Non-GAAP income from continuing operations before taxes were $295.3 million against $286.0 million a year ago. The company invested $32.2 million in capital expenditures in 2013 versus $34.2 million in 2012. Year-to-date cash flow from operations was $335 million against $143 million of cash from operations for the full year 2012. For the fourth quarter ended January 3, 2014, the company reported impairment of goodwill and long-lived assets of $1.7 million against $21.3 million a year ago. The company provided earnings guidance for 2014. For the year, the company expected mid-single digit organic growth, compared to a 0.5% decrease in organic sales for 2013. For 2014, the company expects to invest approximately $40 million to $45 million in capital projects, including the combination of operational and strategic initiatives. The company is expecting tax rate to be approximately 34% based on estimate of the global mix of income.

 

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AX1

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Valuation AX1 Industry Range
Price/Earnings 16.2x
Price/Sales 0.5x
Price/Book 3.1x
Price/Cash Flow 15.9x
TEV/Sales 0.4x
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