We've Tempered Anixter's Near-Term Margin Expansion to Account for ERP Spending; FVE to $98
During Anixter's fourth-quarter earnings call, management disclosed that an enterprise resource planning system upgrade was a component of the firm's "innovation and business transformation" plan. Management noted that they expect the transformation to provide $40 million to $60 million of run-rate cost savings by 2023. The firm provided more details about the ERP implementation in its February investor presentation. Anixter will begin moving from the firm's current antiquated homegrown mainfram...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.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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