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AXE Anixter International

Anixter International is a leading global distributor of Network & Security Solutions, Electrical & Electronic Solutions and Utility Power Solutions. We help build, connect, protect, and power valuable assets and critical infrastructures. From enterprise networks to industrial MRO supply to video surveillance applications to electric power distribution, we offer full-line solutions, and intelligence, that create reliable, resilient systems that sustain businesses and communities. Through our unmatched global distribution network along with our supply chain and technical expertise, we help lower the cost, risk and complexity of our customers’ supply chains.

Company profile

Ticker
AXE
Exchange
Website
CEO
William A. Galvin
Employees
Incorporated
Location
Fiscal year end
Former names
Itel Corp
SEC CIK
IRS number
941658138

AXE stock data

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Calendar

28 Apr 20
18 Apr 21
1 Jan 22
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
22 Jun 20 BLYTH Lord James Common Stock Sale back to company Dispose D No No 0 72,259 0 0
22 Jun 20 Brace Frederic F Common Stock Units Sale back to company Dispose D No No 0 30,231 0 0
22 Jun 20 Bynoe Linda Common Stock Sale back to company Dispose D Yes No 0 2,000 0 0
22 Jun 20 Bynoe Linda Common Stock Sale back to company Dispose D No No 0 42,110 0 0
22 Jun 20 Justin C Choi Common Stock Sale back to company Dispose D No No 0 47,198 0 0
22 Jun 20 Steven M Dean Common Stock Sale back to company Dispose D No No 0 6,699 0 0

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

0.0% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 2 4 -50.0%
Opened positions 1 1
Closed positions 3 194 -98.5%
Increased positions 0 1 EXIT
Reduced positions 0 1 EXIT
13F shares
Current Prev Q Change
Total value 1.11M 905K +22.7%
Total shares 16.06K 9.66K +66.3%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Sit Investment Associates 16.06K $1.11M NEW
IFP Advisors 0 $0
Largest transactions
Shares Bought/sold Change
Sit Investment Associates 16.06K +16.06K NEW
Everence Capital Management 0 -5.11K EXIT
Hanseatic Management Services 0 -2.91K EXIT
Contravisory Investment Management 0 -1.63K EXIT
IFP Advisors 0 0

Financial report summary

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Risks
  • The pendency of our agreement to be acquired by WESCO International, Inc. could have an adverse effect on our business.
  • A change in sales strategy or financial viability of our suppliers could adversely affect our sales or earnings.
  • We have risks associated with the sale of nonconforming products and services.
  • Our foreign operations are subject to political, economic, currency and other risks.
  • We have risks associated with inventory.
  • Our operating results are affected by copper prices.
  • We have risks associated with the integration of acquired businesses.
  • Our debt agreements could impose restrictions on our business.
  • We have substantial debt which could adversely affect our profitability, limit our ability to obtain financing in the future and pursue certain business opportunities.
  • A decline in project volume could adversely affect our sales and earnings.
  • Any significant disruption, interruption or failure of our information systems could disrupt our business, result in increased costs and decreased revenues, harm our reputation, and expose us to liability.
  • We may experience a failure in or breach of our operational or information security systems, or those of our third-party service providers, as a result of cyber attacks or information security breaches.
  • Disruptions to our logistics capability or supply chain may have an adverse impact on our operations.
  • We are subject to various laws and regulations globally and any failure to comply could adversely affect our business.
Management Discussion
  • Total company sales decreased 1.7% to $2,071.7 million in the first quarter of 2020, reflecting growth in our Utility Power Solutions ("UPS") segment but offset by declines in our Network and Security Solutions ("NSS") and Electrical and Electronic Solutions ("EES") segments. Excluding the unfavorable impacts from foreign exchange and copper, our results reflect organic sales decline of 1.3%. The current quarter had 65 billing days compared to 64 billing days in the prior year period. Excluding the favorable impact from the extra billing day, adjusted daily sales decreased 2.8%. In addition, the first quarter of 2020 also reflects gross margin of 20.1%, up 20 basis points from the prior year.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
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