Anixter Delivers on Gross Margin Improvement Goal; Sees Growth and Better Gross Margins in 2019
Management was optimistic that Anixter's gross profit margin would improve during the final three months of 2018. So, we were pleased to see that Anixter realized that goal, with fourth-quarter gross margin improving 50 basis points year over year and 80 basis points sequentially to 20.3%. We can't stress enough that this level of gross margin improvement is no small feat. Indeed, most of the other industrial distributors we cover have struggled to maintain gross margins due to inflationary and ...Anixter International is engaged in the distribution of network and security solutions, electrical and electronic solutions, and utility power solutions through Anixter Inc. and its subsidiaries. The Network and Security Solutions segment supplies products and customized supply chain solutions. The Electrical and Electronic Solutions segment supplies wire and cable, control, lighting and electrical bulk products and customized supply chain solutions. The Utility Power Solutions segment supplies electrical transmission and distribution products, power plant maintenance, repair and operations supplies and smart-grid products, and arranges materials management and procurement outsourcing.
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