Anixter announces acquisition of Tri-Ed for $420M Anixter International announced that it has entered into a definitive agreement to acquire Tri-Ed, an independent distributor of security and low-voltage technology products from Audax Group for a purchase price of $420M. The acquisition is expected to be accretive to earnings in the first full year of operation, exclusive of transaction and one-time integration expenses.
Anixter reports Q4 core adj. EPS $1.19, consensus $1.08 Reports Q4 revenue $1.835B, consensus $1.89B. Q4 adjusted EPS was 88c compared to $1.10 in the prior year quarter. On a year-over-year basis, earnings were negatively impacted by currency and copper by $8.8M pre tax and $5.3N net of tax, or 16c diluted EPS. Core adjusted EPS excludes 15c diluted EPS impact of the higher tax rate related to the first nine months of 2015 and the negative impact of currency and copper.