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Anixter International Inc. Financial Statement Analysis

ANNUAL REPORT 2019 DEAR SHAREHOLDERS 2019 was a year of change at Anixter. Financial highlights included our highest top-line growth in eight years, our best year-over-year improvement in gross margin performance in over a decade, significant net income growth, and strong operating cash flow. We embarked on our Innovation and Business Transformation initiative, with a focus on enhancing our customer-facing digital capabilities and creating operational excellence and back-office efficiencies. The changes continued into early 2020, when on January 10, we signed our merger agreement with WESCO International, Inc. This transformational transaction is expected to close sometime in the second or third quarter of 2020.

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