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Anixter International Inc (AXE)

AXE on New York Consolidated

61.13USD
27 Jul 2016
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Latest Key Developments (Source: Significant Developments)

Anixter International Q2 adjusted EPS $1.32
Tuesday, 26 Jul 2016 06:30am EDT 

Anixter International Inc : Weaker industrial economy, lower commodity prices on y-o-y basis continue to be headwinds for industrial portion of ees segment . Anixter International Inc. reports second quarter 2016 results . Q2 adjusted earnings per share $1.32 . Q2 earnings per share $0.62 . Q2 sales $2.0 billion versus i/b/e/s view $1.96 billion . Q2 earnings per share view $1.32 -- Thomson Reuters I/B/E/S . Sees FY 2016 sales up 20 to 24 percent . Anixter international inc. Reports second quarter 2016 results . EES segment continues to experience weakness related to industrial and manufacturing end market exposure .Weaker industrial economy,lower commodity prices on y-o-y basis continue to be headwinds for industrial portion of ups segment.  Full Article

Anixter International Inc reaffirms FY 2016 sales outlook
Tuesday, 26 Apr 2016 06:30am EDT 

Anixter International Inc:Continues to expect FY 2016 organic sales growth from continuing operations in the negative 2 percent to positive 2 percent range.  Full Article

Anixter International Inc gives FY 2016 sales outlook
Tuesday, 2 Feb 2016 06:30am EST 

Anixter International Inc:Expects FY 2016 organic sales growth from continuing operations in the negative 2 percent to positive 2 percent range.  Full Article

Anixter International Inc announces pricing of $350 Million Senior Note Offering by Anixter Inc
Tuesday, 4 Aug 2015 04:50pm EDT 

Anixter International Inc:Announced that its wholly-owned operating subsidiary, Anixter Inc., has priced $350 million of 5.50% senior notes due 2023.Offering is expected to close on August 18, 2015. Anixter International Inc.Intends to use the net proceeds of the offering to fund a portion of the consideration for the previously announced acquisition of HD Supply's Power Solutions business.  Full Article

Anixter International Inc announces $350 million senior note offering by Anixter Inc
Tuesday, 4 Aug 2015 09:07am EDT 

Anixter International Inc;:Announces $350 million senior note offering by Anixter Inc.Says Anixter Inc will offer $350 million of senior notes due 2023.To use proceeds of offering to fund portion of consideration for acquisition of hd supply's power solutions business.  Full Article

Anixter International Inc acquires power solutions segment of HD Supply for $825 million
Wednesday, 15 Jul 2015 04:30pm EDT 

Anixter International Inc:Announces the acquisition of the power solutions segment of hd supply.Deal for $825 million.Acquisition is expected to be accretive to earnings in the first full year of operation.Says deal will be financed using available cash and additional borrowings.Deal to result in future tax benefits from acquired US intangible assets with net present value estimated to be about $70 million.Says majority of transaction and integration costs will be incurred in fiscal years 2015 and 2016.Says greenhill & co., llc served as financial advisor to Anixter on the transaction.  Full Article

Anixter International Inc completes sale of Fasteners to American Industrial Partners
Tuesday, 2 Jun 2015 08:30am EDT 

Anixter International Inc:Says sale of its OEM Supply - Fasteners ("Fasteners") segment to American Industrial Partners ("AIP"), middle-market private equity firm focused on acquiring North American headquartered industrial businesses, for $380 man in cash.  Full Article

Anixter International Inc to sell its Fasteners Segment to American Industrial Partners
Thursday, 12 Feb 2015 08:30am EST 

Anixter International Inc:Has entered into definitive agreement to sell its OEM Supply - Fasteners (Fasteners) segment to American Industrial Partners.To sell for $380 mln in cash, subject to certain post-closing adjustments.Says transaction, which was approved by Anixter's Board of Directors, is expected to close during Q2 of 2015, subject to customary closing conditions and regulatory approval.  Full Article

Anixter International Inc gives FY 2015 revenue outlook below analysts' estimates
Tuesday, 3 Feb 2015 07:30am EST 

Anixter International Inc:Expects FY 2015 organic sales growth will be in the 3 - 5 pct range.Reported revenue of $6,445.5 mln in FY 2014.FY 2015 revenue of $7,050.5 mln - Thomson Reuters I/B/E/S.  Full Article

Anixter International Inc reaffirms FY 2014 revenue guidance
Tuesday, 28 Oct 2014 07:30am EDT 

Anixter International Inc:Says it continue to expect FY 2014 organic sales growth on a days adjusted basis to be at the low end of the mid-single digit growth range.Reported revenue of $6.227 bln in FY 2013.FY 2014 revenue of $6.470 bln - Thomson Reuters I/B/E/S.  Full Article

BRIEF-Anixter International Q2 adjusted EPS $1.32

* Weaker industrial economy, lower commodity prices on y-o-y basis continue to be headwinds for industrial portion of ees segment