Anixter Sales Up 3.5% in 2014

Profit fell 2.8 percent to $194.8 million.

Anixter International Inc. (NYSE: AXE), Glenview, IL, reported sales for 2014 of $6.4 billion, up 3.5 percent over sales in 2013. Profit fell 2.8 percent to $194.8 million.

For the fourth quarter, sales were $1.7 billion, up 4.4 percent over the year-ago quarter. Organic sales decreased 2.1 percent. Profit fell 29.3 percent to $41.1 million.

"While enterprise cabling and security solutions, our largest segment, delivered its second consecutive quarter of strong global performance, our electrical and electronic wire and cable segment performed below our expectations," said Bob Eck, president and CEO. "Our fasteners segment experienced strong favorable trends in both North America and Emerging Markets geographies, which were offset by the impacts of the challenging economic environment in continental Europe and the previously disclosed transition of one customer to a dual source supply program at the end of 2013."

Enterprise cabling and security solutions fourth-quarter sales of $949.5 million increased 17 percent over the prior fourth quarter. The increase resulted primarily from the Tri-Ed acquisition. ECS organic sales increased 0.7 percent.

Electrical and electronic wire and cable fourth-quarter sales of $502.3 million fell 6.9 percent compared to the prior-year period. W&C organic sales fell 3 percent.

OEM supply – fasteners fourth-quarter sales of $217.3 million decreased by 12.2 percent from the prior year quarter. Fasteners organic sales decreased by 9.6 percent.

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events


articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events



You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.