Anixter Security Sales Flat Q3 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.
**********
******* *****:
"********* *** *** ***-** *********** *** $13.8 ******* ** *********** ******* ********,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."
** ** ****, ******* ******* ******** growth *** *%, ** ****, ** was *%. ** *** ****** ** the *****-**** *******, ** ** ****, organic ******** ****** *** *%. ***** companies ******* **** ****** ** ******** it *** *** * ****** **** the ***** ****; *******, *% ** not **** ***********.
Flat ** *** *** **
***********, ***** *** ***** ********* ** the ***** ************ ****** **** ****, flat *** **** **** ** *** new **, ********** *** ***** ************ within *** ******.
******* ** ************ '******** ******** *********'*** ******** ** ********** ***-** ** expand ***** ******** ********.