Anixter Security Revenue Declines

By: John Honovich, Published on Jul 30, 2014

Last quarter, we reviewed how Anixter's security business was struggling. Now, new financial results and management disclosures show that things have gotten even worse, driven by one geographic region in particular.

**** *******, ** ******** how*******'* ******** ******** *** struggling. ***, *** ********* results *** ********** *********** show **** ****** **** gotten **** *****, ****** by *** ********** ****** in **********.

[***************]

*** ** **** [**** no ****** *********], ******* security ******* ******** ****** 2% **** **** ****.

***** *******, *******'* **** market, ***** *** **** results, **** ******* *********** that **** *** "************ very **** ****** ** the ***** *********** ** our ******** *******," ***** for ***** ********* ********* means ** *** ** - **% *****. *******, North ******* ** *******'* most ****** ****** *** likely *******. ** ***** regions *** ******* ****, this ******* **** ***** America ** **** *% ** even **% **** **** year.

*******'* ***** ******* ********* are *** *****. **** growth ********* ** ********** in ***** ******* ** well (******* ** **** *******).

*******, ******* **** ******** days *** *****:

"[*******] *** **** * ****** level ********** ****** ** help ** *** **** business **** ** *****. That ****** ****** ********* in ***. *** ****** was ************* **** ***** responsibilities ** ** ************ into **** ****. ** then ******* **** ****** specific ******** ********* ********. And **** ** *** in **** *** *** in **** *** ** increase ** *** ********** ********** * ***** *****, so *** ******* *** in *** *****, ****-****-****."

************ ***** *** ** declining *******, ******* ****** ** able ** ** ***** keep ******* ****, ** not **** ** ********. It ** *** **** dire.

*******, ** ** *** for ******* ***, ********** in ***** *******. ***** they *** **** **** more*** ***** ** **** to.

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