Key capital structure and credit-related statistics for the fourth quarter:

  • Debt-to-total capital ratio of 50.3 percent compared to 44.7 percent at the end of 2011
  • Weighted average cost of borrowed capital of 6.3 percent compared to 5.1 percent in the year ago quarter
  • $422 million of availability under bank revolving lines of credit at quarter end
  • $82 million of outstanding borrowings under the $300 million accounts receivable securitization facility at quarter end

Business Outlook

“Our outlook for 2013 includes low to mid-single digit organic sales growth, which we believe will be weighted to the back half of the year. While global markets are difficult to predict, we took aggressive measures in 2012 that position us to continue to expand our leadership position within each of our segments, further leveraging our global supply chain platform to better serve our customers,” stated Eck. “With ongoing pressure on companies to reduce costs, our business model, which is based on helping our customers lower their supply chain costs and reduce execution risk, is of even greater value. We believe we are well positioned financially, operationally and strategically to capitalize on our opportunities.”
 

Financial Results from Continuing Operations

(In millions, except per share amounts)
       
Three Months Ended Twelve Months Ended
Dec. 28   Dec. 30 Percent Dec. 28   Dec. 30 Percent
2012 2011 Change 2012 2011 Change
Net Sales $ 1,544.4 $ 1,499.0 3 % $ 6,253.1 $ 6,146.9 2 %
Operating Income $ 38.6 $ 91.6 -58 % $ 282.5 $ 362.8 -22 %
Net Income $ 5.2 $ 49.8 -90 % $ 124.6 $ 200.7 -38 %
Diluted Earnings Per Share $ 0.16 $ 1.49 -89 % $ 3.69 $ 5.71 -35 %
Diluted Weighted Shares 33.1 33.5 -1 % 33.8 35.1 -4 %
 

Fourth Quarter Earnings Call

Anixter will host a conference call to discuss these results beginning at 9:30 am central time today, Tuesday, January 29, 2013. The call will be simulcast through Anixter’s investor relations website at www.anixter.com/investor. Additionally, the call may be accessed with the toll-free dial-in number 1 (888) 417-8465 or international toll free number 1 (719) 325-2452. Please use the pass code 4949555. A supplemental presentation titled “Fourth Quarter 2012 Highlights and Operating Review” will be posted to the Company’s investor relations website.

A replay of the conference call will be archived on the website and will also be available for 14 days, beginning at 12:30 pm central time on January 29, by dialing 888-203-1112 within the U.S. and Canada, or 719-457-0820 outside the U.S. and Canada. Please use the replay code 4949555.

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