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Summary: Anixter International Inc. Aug 11
Standard & Poors, August 2011
The rating on Anixter International Inc. reflects the company's significant financial profile and somewhat aggressive financial policy. Anixter's business position is fair, reflecting a good position in its primary markets and consistent profitability. Anixter is a leading distributor of specialty wire and cable systems and industrial fasteners. The company benefits from its global capabilities, despite deriving about half of its revenues from a relatively narrow market segment. With 2010 revenues rebounding to almost $5.5 billion (from a 19% sales decline in 2009), Anixter has demonstrated effective management of its cost structure and working capital levels through cyclical industry conditions. Strong free cash flow generation has bolstered credit protection metrics despite the global IT spending downturn--in the $400 million area in...
Companies mentioned in this report are: Anixter International Inc.
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Anixter International Inc.