Wesco Wins Anixter

** **** ****, ** examine *** ****** *********** financial *******, *** ********* positive/ ******** ******** ******.

Anixter **********

******* ** *** ** the ******* ************ ********* in *** ************ ********, with **** ** ********, over *,*** ********* *** over $* ******* ** sales ** ******** ********* (Power *********, **************, ********). Anixter******** ********-******* *********** ***-** in ****, *** $*** *******, and********* ** ** ******* in ****.

** *****, **** ******** 7 ********* ********* ***-** and'**** ********' ***** ********* *** **** ** years.

Wesco **********

***** ** ***** ** Pittsburgh, ** *** **** has **** ** ******** dealing **** ******* ********* to *******. ************, ***** has ****** ** ************ divisions, **** ** *** necessarily **** ****** **** to **** *****. ** the ** **** **** 12 *********:

** ********* ********** ************** ***/*****, *** *** a *** ******** ****, but **** *** ******* neutral ******* ** *** of *** ******** ************ in *** ******, **** many *********** ********* **** did *** *** ****.

Wesco ********* ******** ****

**** * ****** ********* perspective, ***** *** ***** still **** *** **** half-decade, ** **** ******* from***** **** ********* ***********:

**** ** *** ********** bad ***** *** ******* maturity ** *** ******** of ********** / ********** distribution. *******, ** ** worth ****** **** *** profit ******* ** ***** and **** ************ *** very ****, ****, *.*., Wesco ***** **** **** $8 ******* ** **** revenue *** **** $*** million ** ****** **** operations.

*************, *******'* ******* ******* and ******* *** **** close ** *****'*, ****** with ******* ******* **** over *** **** **** period, ** ***** *********'* **** **********:

Saving $*** ******* ********

*** ******** ********* ******** that ***** ** ******** is **** ******** *****, as***** ******** **************:

** ***********'* **** (***** ** transcribed ****), **** ********** ********** the **** ******* ********** the ****:

** ****** ** ******** over $*** ******* ** run **** **** ********* and *********** **** **** flow.

** ** ********** ******, we ****** **** $*** million ** *** **** cost ********* ** *** end ** *** ***** year ** *** ******.

*** ******** ******* **** benefit **** **** $*** million ** **** ********* by **** *****.

**** **'** ******* *** here *** ******** ** and **'* ********* ** note ** **** *** million ** **** *******

*'** **** **** ********** greater **** $*** ******* of ****. *********. *** then ************, ** **'** highlighted ** *** ******** remarks, ** ** ******* that ***** *** **** other ******, ********* **** that *** ** ******* through **** ***********. **'* still ***** ** *** process *** ** ** evaluate ****.

***** **** *****'* ******* are ** **** (~$*** million), ****** $*** *******, assuming ** ********** ********, would **** * ***** impact ** ***** ************* and *********.

Cutting ******** *** *****

** **********, **** ********* cutting ********:

*** ******** **** ********* our ************ *** ****** footprint ** **** ***** our *********

************ *** ****** *********, including ***** *********** ** leases ** **** *****

Potential ******* **** ***********

******* ********* $*.* ******* in *********** **** *********** ** ** * risk ** *** **** financial ******. *** ********* ****** notes **** **** * debt ******* ** **** $397 ******* *** ** 2021 *** $*** ******* in ****, *** **** merger ***** **** ******* / ***** * ********* opportunity ** *********** *** debt **** ****** *****.

Neutral ****** ** ****

***** *** *******'* ************ business ** ******* ** a ***** ***** ** low-voltage ********, ** ***** security ******** *** * minority *****. *** **** clear ********* ** *** deal *********** ** ***** was ******* *****.

*** ****-**** ******** *** security *********** ***** ** that ***** ** ******* change ** ****** ******* or *****. ** **** covered ********** ******** ***** Anixter, ************ *** **** that******* *** ***-**** ******* salespeople, **********'* *** ******* ***-**** direct *****.

Execution / *********** ** *********

*** *** ******* ** watch ** *** **** the *** ********* *** 'merged' / **********. ***** has ***** ******** ** entity ** ***** ** Anixter. ******, ** *******, Wesco *** ******* *** about *** **** ****. How **** ********* ** will ** ***.

**************, ***** *** ********** about ****, ****** ****:

**'** *** *** ******** and ****** *** **** you **** ** *** Anixter, ** *** ******* way, *** ****, **** much, * ***** ***, complimentary, **** **********, ** focused ** *** ******** relentless ***** ** ******* the ******** *** ************* having ********** **** **** operational **********. ** * think ****'* ****** * critical *********...

* ***** ** **** an *********** ******** ***** rough ****** **** *********. And **** *******, ** will ** ******** **** some ********** ******* ** help ** **** ****. And ***** ******* **** take *** **** ** additional ********* *** ********** resources ** **** ** drive *** ********* ** the ******* *********** **** and ******** ** * synergy.

** ** *** **** enough ***** *** *** company's ******** *** ********** to ***** ** *** well *** ****** **** be ********.

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