Anixter Security Sales Flat Q3 2015

By John Honovich, Published on Oct 28, 2015

Last year, Anixter's security business struggled. Seeking to turn it around and expand, Anixter bought trunk slammer specialist Tri-Ed in August 2014. Now, more than a year later, Anixter continues to struggle to grow security revenue.

In this note, we examine Anixter's most recent quarter Q3 2015 financials.

**********

******* *****:

"********* *** *** ***-** acquisition *** $**.* ******* of *********** ******* ********,ECS ******** ***** ****** *** **** compared to the prior year. This was a lower growth rate than we have experienced in recent quarters, reflecting slower sales in Canada and Latin America due to the timing of projects in the prior-year quarter."

** ** ****, ******* organic ******** ****** *** 7%, ** ****, ** was *%. ** *** timing ** *** *****-**** quarter, ** ** ****, organic ******** ****** *** 9%. ***** ********* ******* weak ****** ** ******** it *** *** * strong **** *** ***** year; *******, *% ** not **** ***********.

Flat ** *** *** **

***********, ***** *** ***** pressures ** *** ***** surveillance ****** **** ****, flat *** **** **** be *** *** **, especially *** ***** ************ within *** ******.

******* ** ************ '******** ******** *********'*** ******** ** ********** Tri-Ed ** ****** ***** security ********.

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