Subscriber Login

MDM Premium Content  What's this?
Close
Subscribe today to access MDM's premium content with two issues a month of timely and to-the-point content for the busy wholesale distribution executive. Here's what you get:
  • Analysis of distribution trends
  • Interviews with industry leaders
  • Quarterly Public Distributor Report
  • Quarterly Inflation by Commodity Group Report
  • Market and economic data analysis
  • Access to the best online research tool in distribution

And much more! Learn more

login close
Forgot Your Password?
For more precise results try using quotation marks ("") around your search terms. See more search tips.

 

Home » Anixter Organic Sales Fall 16% in 3Q
anixter Logo

Anixter Organic Sales Fall 16% in 3Q

By    MDM  Staff 
October 27, 2009
More about:  Anixter International,  Electrical/Electronics,  Fasteners
North American sales strongest in OEM Supply end market, Anixter reports.
Text Size
Email Print

Glenview, IL-based Anixter International Inc. (NYSE: AXE), a global distributor of communication products, electrical and electronic wire & cable, fasteners and other small parts, reported sales for the third quarter ended Oct. 2, 2009, were $1.27 billion, down 20% from the year-ago period.
 
The distributor reported that unfavorable exchange rates, lower copper prices and acquisitions had major impacts on sales in the third quarter. Outside of these items, the third-quarter organic sales decline was 16%.
 
Profit was $22.1 million, down 63% from a year ago.
 
Commenting on third quarter sales trends, President and CEO Robert Eck said: “Our third quarter sales patterns were largely a continuation of flat daily sales patterns experienced over much of the first half of this year. Sequentially, the current quarter benefited from the fewer number of holidays as compared to the second quarter. At the same time, some of the normal seasonal effects (vacations, factory shutdowns) had less of an impact than our historical experience."
 
Eck reported that Anixter's primary end markets and geographic segments saw sales declines in the third quarter. The best sales performance in North America was in its OEM Supply end market, where continuing softness with aerospace customers was partially offset by a small amount of growth with industrial customers, resulting in an 8% year-on-year decline in sales, exclusive of acquisition benefits.
 
"Our worst sales performance in the quarter was within the European OEM Supply market where, similar to recent quarters, we had a 34% year-on-year organic sales decline," Eck said. "However, sales in this market were flat sequentially from the second to the third quarter, exclusive of currency benefits related to further weakening of the U.S. dollar in the third quarter. This improvement occurred despite the fact that many customers traditionally schedule plant closings and vacations during the third quarter.”
 
Eck said that Anixter expects OEM Supply customers to use the holiday quarter to extend normal holiday factory shutdowns to ensure continued balance in inventory levels.
 
 

Print Email
Use the form below to leave a comment

MDM Digital

Executive Briefing: January 2012The Case for Mobile
in Distribution Marketing
John Sonnhalter explains why distributors should include mobile in their marketing plans and how to start. Watch now.
iPad users: click here to view.		 Economic Update January 2012 Economic Update:
The Festering Euro-Crisis
MAPI Economist Kris Bledowski analyzes the outcome of recent meetings about the European banking and debt crisis. Watch now.
Bob DeStefano's #1 Mistake on Company WebsitesOnline Marketing Tips
from Bob DeStefano
Many companies make the same mistake on their company websites. Do you? Find out.		 More Audio and Video Features from MDM:

  • MDM Podcast

Think About It:
When They Google,
Will You Be There?

In this digital age, the first stop a potential customer makes is the internet. If you're not there, you're not part of the decision-making process.

Listen now.

Learn more or subscribe to the Think About It podcast.

  • Training

Upcoming Programs

Feb. 9: Operating for Profit: The Coming Revolution in Supply Chain Finance with Jonathan Byrnes. This program is part of the quarterly Islands of Profit Webcast Series.

Did you miss MDM's recent webcasts? Order the DVDs and share with your team today:

* Leading for Profit: How to Lead a Profitability Turnaround

* Inventory Management Best Practices in 2012

  • Featured

USAbrasives-100-for-trifecta

U.S. Abrasives Market Demand Report

This report provides a three-dimensional view into estimated market size, customer segment potential and customer size demographics for the U.S. Abrasives Market.

These three data slices give you deep insight into total market potential and your market share by both customer type and size.

Learn more about the U.S. Abrasives Market Demand Report

Training Resources

Current Issue   Management Tips 2011   Inventory Management   Benchmarks and Best Practices

Featured Article - MDM-Baird Benchmarking Survey: Distributor Optimism Returns

$34.95

Buy now >>

Management Tips from Modern Distribution Management

$49.95

Buy now >>

Inventory Management Best Practices with Jon Schreibfeder: DVD + Book

$119.00

Buy now >>

Benchmarks & Best Practices: The Answer Book for Growth-Minded CFOs & Controllers

$249.00

Buy now >>
Job Board
Title Company Location
Sales Account Manager - Energy Market Segment TESSCO Baltimore, MD
Channels Marketing Representative -- Advanced Supply Chain Business Information Systems Scientel Intormation Technology, Inc. Southeast Michigan
Technical Trainer - Innovative Change Agent - Long Island City, NY Daikin AC Long Island City, NY
Sales Representative Superior Essex Minnesota
Strategic Sales Consultant IDC-USA Indianapolis, Indiana
Counter Sales Heating and Cooling Supply Chatsworth, California
Counter Sales Heating and Cooling Supply Thousand Palms, CA
View ALL Wholesale Distribution Job Listings

Industry Topics

Distribution Trends RSS

Economy RSS

Management/Strategy RSS

Interviews RSS

Operations RSS

Technology RSS

Mergers/Acquisitions RSS

Case Studies RSS

Sales & Marketing RSS

MDM Premium

January 25, 2012  

4202 cover image

MDM/Baird Survey: Optimism Returns

Rexel's U.S. CEO on Service & Alternative Energy

Global Markets Not Just for Large Companies

December 2011 Industrial Inflation Index

subscribe now View Table of Contents >>
Subscribers: Log-in
View Previous Issues


Featured Products

answer book for CFOs and Controllers

Benchmarks & Best Practices: The Answer Book for Growth-Minded CFOs & Controllers

Reviews (0)
 
Price: $249.00
An ultra practical idea-guide that gives an inside look at how leading companies are dealing with some of today's toughest financial and business management challenges.
Distribution Landscape Report - 2011

2011 MDM Market Leaders and Distribution Landscape Report

Reviews (0)
 
Price: $295.00
The ideal resource for anyone that wants to get a quick overview of the distribution landscape and the top players in major sectors! Includes the 2011 Distribution M&A Special Report.
B-to-B Online Marketing Toolkit Cover

The B-to-B Online Marketing Toolkit:
A Step-by-Step Plan for Distributors and Manufacturers to Leverage Online Marketing for Bottom Line Results

Reviews (0)
 
Price: $249.00
The 2011 Edition of this valuable marketing tool provides a step-by-step plan for leveraging Online Marketing to produce Bottom-Line Results. Bulk pricing available.


tech directory: start your search here



Sponsored Links