Anixter International Inc. Financial Statement Analysis
ANIXTER INTERNATIONAL INC.
As we enter 2020, we remain focused on delivering strong organic growth, continued gross margin improvement and
strong expense discipline. We are also beginning to benefit from our movement to a U.S.-center-led business model where we
drive strategies to achieve global network synergies. We continue to see generally positive sales trends in the business, based on
our solid backlog and pipeline, and discussions with our customers and suppliers. Overall we expect full year 2020 organic
sales growth in the 1 - 5% range.
Acquisition of Businesses
During the second quarter of 2018, we completed the acquisition of security businesses in Australia and New Zealand.
These acquisitions have been accretive to earnings in the first full year of operation, exclusive of transaction and integration
costs.
Consolidated Results of Operations
(In millions, except per share amounts)
Net sales
Gross profit
Operating expenses
Operating income
Other expense:
Interest expense
Other, net
Income before income taxes
Income tax expense
Net income
Diluted income per share
Years Ended
January 3,
2020
December 28, December 29,
2018
2017
8,845.6 $
8,400.2 $
7,927.4
1,775.8
1,658.0
1,571.0
1,408.3
1,348.3
1,258.1
367.5
309.7
312.9
$
(77.1)
(76.3)
(74.7)
3.0
(10.2)
(0.6)
293.4
223.2
237.6
30.5
66.9
128.6
$
262.9 $
156.3
$
109.0
$
7.67 $
4.58
$
3.21
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