Houston Wire & Cable Company Declares First Quarter Cash Dividend Payable on February 27, 2015
Feb 10 15
The Board of Directors of Houston Wire & Cable Company declared a cash dividend of $0.12 per share on the Common Stock, payable on February 27, 2015, to shareholders of record of Common Stock at the close of business on February 20, 2015.
Houston Wire & Cable Company Presents at Sidoti & Company Emerging Growth Institutional Investor Forum, Jan-12-2015 02:50 PM
Jan 6 15
Houston Wire & Cable Company Presents at Sidoti & Company Emerging Growth Institutional Investor Forum, Jan-12-2015 02:50 PM. Venue: The Grand Hyatt Hotel, New York, New York, United States. Speakers: James L. Pokluda, Chief Executive Officer, President and Director.
Houston Wire & Cable Company Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014
Nov 6 14
Houston Wire & Cable Company reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported sales of $96,721,000 compared to $95,214,000 a year ago. Operating income was $5,980,000 compared to operating loss of $1,556,000 a year ago. Income before income taxes was $5,727,000 compared to loss before income taxes of $1,784,000 a year ago. Net income was $3,528,000 or $0.20 per basic and diluted share compared to net loss of $3,162,000 or $0.18 per basic and diluted share a year ago. Capital expenses for the quarter were $0.9 million, the majority of which related to the continuing refurbishment of the new facility for Southwest Wire Rope in Houston.
For the nine months period, the company reported sales of $300,481,000 compared to $288,850,000 a year ago. Operating income was $19,216,000 compared to $11,697,000 a year ago. Income before income taxes was $18,350,000 compared to $10,944,000 a year ago. Net income was $11,304,000 or $0.64 per basic and diluted share compared to $4,753,000 or $0.27 per basic and diluted share a year ago. Net cash provided by operating activities was $10,581,000 compared to $19,571,000 a year ago. Expenditures for property and equipment were $1,810,000 compared to $782,000 a year ago.
Houston Wire & Cable Mulls Acquisitions
Nov 6 14
Houston Wire & Cable Company (NasdaqGS:HWCC) is seeking acquisitions. Houston Wire & Cable said, "We continually seek potential acquisitions and from time to time hold discussions with acquisition candidates. If suitable acquisition opportunities or working capital needs arise that would require additional financing, we believe that our financial position and earnings history provide a solid base for obtaining additional financing resources at competitive rates and terms."
Houston Wire & Cable Company Elects Gary Yetman as Director
Nov 5 14
The Board of Directors of Houston Wire & Cable Company increase the number of directors from seven to eight. To fill the vacancy created by this increase, on November 4, 2014 the Board elected Gary Yetman as a new director to serve until the Company's 2015 annual meeting of stockholders. Mr. Yetman will be a member of the Compensation and Nominating and Corporate Governance Committees of the Board. Mr. Yetman, served as the Chief Executive Officer and President of Coleman Cable Inc. from 1999 until his retirement following the sale of Coleman Cable earlier this year. Prior to that, Mr. Yetman held various senior management positions with Coleman Cable's predecessor and within the electrical industry.