Anixter International Inc. Financial Statement Analysis
Net Sales
2019 vs. 2018
(In millions)
Net sales, 2019
Net sales, 2018
$ Change
ANIXTER INTERNATIONAL INC.
% Change
Impact of Acquisitions
Net sales, 2018 (Adjusted for Acquisitions)
Adjusted % Change (Adjusted for Acquisitions)
Plus the % impact of:
Foreign exchange
Copper pricing
Organic (Non-GAAP)
Adjusted 2018 for Effective Selling Days
NSS
EES
UPS
Total
$
4,696.2 $
4,347.0
2,352.0 $
2,342.7
1,797.4 $
8,845.6
1,710.5
8,400.2
$
349.2 $
9.3 $
86.9 $
445.4
8.0 %
0.4 %
5.1 %
5.3 %
$
48.4 $
$
$
48.4
$
4,395.4 $
2,342.7
$
1,710.5 $
8,448.6
6.9 %
0.4 %
5.1 %
4.6 %
0.9 %
0.8 %
0.3 %
0.8 %
%
0.6 %
%
0.2 %
7.8 %
1.8 %
5.4 %
5.6 %
Adjusted Daily Sales (Non-GAAP)
4,438.7 $
6.7 %
2,366.0 $
0.8 %
1,727.5
$
8,532.2
4.3 %
4.6 %
There were 257 billing days in 2019 compared to 253 billing days in 2018. However, due to the timing of holidays, it is
estimated that there were 2 1/2 more effective selling days in 2019 compared to 2018, resulting in 255 1/2 and 253 effective
selling days in 2019 and 2018, respectively.
NSS Sales of $4,696.2 million increased 8.0% from $4,347.0 million in the prior year period. Adjusting for the
unfavorable impact from foreign exchange and favorable impact from acquisitions, NSS organic sales increased 7.8%, a 6.7%
increase on a per day basis. The increase reflects growth in both the network infrastructure and security portions of the business
and in the North America and Emerging Markets geographies. NSS security sales in the twelve months ended January 3, 2020
of $2,053.8 million, which represents 43.7% of total segment sales, increased 11.3% from the prior year period. Adjusted for
the $48.1 million favorable impact from acquisitions and $3.6 million unfavorable currency impact, organic security sales
growth was 8.6% compared to the twelve months ended December 28, 2018.
EES = Sales of $2,352.0 million increased 0.4% from $2,342.7 million in the prior year period, with growth in the
commercial and industrial business offset by a decline in the original equipment manufacturer ("OEM") portion of the business.
Adjusting for the unfavorable impacts from foreign exchange and copper, EES organic sales increased by 1.8%, a 0.8%
increase on a per day basis.
―
UPS Sales of $1,797.4 million increased 5.1% from $1,710.5 million in the prior year period, reflecting broad-based
growth with both investor-owned utility and public power customers. Adjusting for the unfavorable impacts from foreign
exchange and copper, UPS organic sales increased 5.4%, a 4.3% increase on a per day basis.
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