Anixter Security Slow Sales Continues Q1 2016

By John Honovich, Published Apr 27, 2016, 10:14am EDT

Anixter shook things up in 2015, paying $420 million for Tri-Ed.

Now, nearly 2 years later, Anixter's slow security sales continue.

** **** ****, ** examine *** ******** *******'* most ****** **********.

Financial *******

*** ** ****, ******** sales **** ** **** 3% ***********.

*******, ******* ***** [**** no ****** *********]:

***** ******** ****** ** lower **** ** *** anticipated ** *** ********* of *** ****, **** in **** **** ******* activity *** **** *******-**-******* comparisons *********. ** ******* our ***** *********** *** consistent **** *** ****** and ****** *** *******, we **** ******* * new ******** **** * mobile ******** **********."

**** *** ******** ***** than ** ****'* ******* growth ** *%, ****** better ****** ****'* ******** ** growth.

Interpretation / ***** ********

** **** ***** ** decent ******* ***** *** challenges ************ ****. ***** the ******* ****** *** security ** '****', *** underlying ****** / ********** is ****** *** ********* price ******** ** ******** (e.g., **** ******* ** Chinese ********, **** ** to ** ******), ***** impede ******* ****** *** also **** ******* **** challenging *** ************.

****** **** *********** *** benefiting **** ********* ******* pricing, ***** **** *** still **** (*** ****** from) *****, ************ **** limited ******* / ***** revenue *************. ** **** seen ********* **** **** distributors ** *** **** year, *** **** ***** impacted **** ******* ***** to **.

******* ******* *** '***** ** ******' *** **** ******* Chinese ******* ******* ** pay *** ****. **** could ** ** ********** target.

Comments (2)

Undisclosed Manufacturer #1

04/27/16 05:19pm

I wonder if these results include Tri-ed and Clark Security? Anixter has a lot of exposure in IP Video being heavily entrenched with Axis. I wonder if/when Axis will start feeling the pinch from declining prices driven by HIK/Dahua and from the popularity of HD Analog.

John Honovich

IPVM | In reply to Undisclosed Manufacturer #1 | 04/27/16 06:42pm

Yes, they include all security.

And, for the same time period, Axis grew 5% organic in the Americas (see Axis Q1 2016 Financial Results).

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