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Last $44.00 USD
Change Today 0.00 / 0.00%
Volume 0.0
As of 8:10 PM 08/27/15 All times are local (Market data is delayed by at least 15 minutes).

international wire group hol (ITWG) Snapshot

Open
$44.00
Previous Close
$44.00
Day High
$44.00
Day Low
$44.00
52 Week High
08/25/15 - $44.00
52 Week Low
09/2/14 - $29.00
Market Cap
204.4M
Average Volume 10 Days
275.6
EPS TTM
$2.42
Shares Outstanding
4.6M
EX-Date
02/24/12
P/E TM
18.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for INTERNATIONAL WIRE GROUP HOL (ITWG)

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international wire group hol (ITWG) Details

International Wire Group Holdings, Inc. manufactures and markets wire products for other wire suppliers, distributors, and original equipment manufacturers in the United States, Belgium, France, Italy, and Poland. It operates through three segments: Bare Wire, Engineered Wire Products — Europe, and High Performance Conductors. The Bare Wire segment provides bare and tin-plated copper wire products comprising single end, stranded, bunched, cabled and braided, and shielding wire products, which are used to transmit digital, video, and audio signals or conduct electricity in automotive/specialty vehicles, consumer and appliance, electronics and data communications, and industrial and energy markets. The Engineered Wire Products — Europe segment offers specialty braids, ropes, connections, wire mesh, and flexible bars products, as well as braided wire products to conduct electricity either for power or for grounding purposes for use in the aerospace, automotive/specialty vehicles, and industrial and energy markets. The High Performance Conductors segment manufactures specialty high performance conductors, which include tin, nickel, and silver plated copper and copper alloy conductors, such as high and low temperature conductors, as well as specialty film insulated conductors and micro diameter tubing products. This segment offers its products to commercial and military aerospace and defense, electronics and data communications, industrial and energy, medical device, and medical electronics markets. International Wire Group Holdings, Inc. sells its products through direct sales people and manufacturers’ representatives. The company was founded in 1995 and is headquartered in Camden, New York.

international wire group hol (ITWG) Top Compensated Officers

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Executives, Board Directors

international wire group hol (ITWG) Key Developments

International Wire Group Holdings, Inc. Announces Earnings Results for the Second Quarter and for the Six Months Ended June 30, 2015

International Wire Group Holdings, Inc. announced earnings results for the second quarter and for the six months ended June 30, 2015. Net sales for the quarter ended June 30, 2015 were $172.4 million, a decrease of $23.7 million, or 12.1%, compared to $196.1 million for the same period in 2014. This decrease was partly due to a lower selling price of copper partially offset by a lower proportion of tolled copper. Operating income for the three months ended June 30, 2015 was $11.3 million compared to $13.8 million for the three months ended June 30, 2014, a decrease of $2.5 million, or 18.1%, primarily from lower sales volume, lower silver and non-copper metal profits and less favorable plant utilization, partially offset by higher LIFO/copper profits and lower selling, general and administrative expenses. Net income of $2.9 million for the three months ended June 30, 2015 decreased by $2.1 million from net income of $5.0 million for the three months ended June 30, 2014. The decrease was due primarily to lower operating income partially offset by a lower income tax provision. Net income per basic share of $0.62 for the three months ended June 30, 2015 decreased by $0.25 from the 2014 period net income of $0.87 per basic share. Net income per diluted share of $0.61 for the three months ended June 30, 2015 decreased by $0.26 from the 2014 period net income of $0.87 per basic share. The decrease in net income per diluted share resulted from lower net income, partially offset by a decrease in the number of outstanding shares and stock options in the 2015 period compared to the 2014 period due to the repurchase of common stock in the 2015 and 2014 periods and the repurchase of stock options in the 2014 period. Net sales for the six months ended June 30, 2015 were $350.0 million, a decrease of $40.4 million, or 10.3%, compared to 2014 period sales of $390.4 million. This decrease was partly due to a lower selling price of copper partially offset by a lower proportion of tolled copper. Operating income for the six months ended June 30, 2015 was $23.9 million compared to $28.3 million for the same period in 2014, a decrease of $4.4 million, or 15.5%, primarily from lower sales volume, lower silver and non-copper metal profits and less favorable plant utilization, partially offset by higher LIFO/copper profits and lower selling, general and administrative expenses. Net income of $7.3 million was lower than net income of $10.2 million in the 2014 period, primarily from lower operating income partially offset by a lower income tax provision. Net income per basic share of $1.43 for the six months ended June 30, 2015 decreased by $0.30 from the 2014 period net income of $1.73 per basic share. Net income per diluted share of $1.41 for the six months ended June 30, 2015 decreased by $0.27 from the 2014 period net income of $1.68 per basic share. The decrease in net income per diluted share resulted from lower net income, partially offset by a decrease in the number of outstanding shares and stock options in the 2015 period compared to the 2014 period due to the repurchase of common stock in the 2015 and 2014 periods and the repurchase of stock options in the 2014 period. Net debt (total debt less cash) was $272.1 million as of June 30, 2015, a $12.7 million increase from December 31, 2014 primarily from the issuance of $26.0 million of 10.00%/12.00% PIK Notes for the repurchase of common stock in April 2015.

International Wire Group Holdings, Inc., Annual General Meeting, Jun 23, 2015

International Wire Group Holdings, Inc., Annual General Meeting, Jun 23, 2015.

International Wire Group Holdings, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2015

International Wire Group Holdings, Inc. reported earnings results for the first quarter ended March 31, 2015. For the quarter, the company’s net sales were $177.6 million, a decrease of $16.7 million, or 8.6%, compared to $194.3 million for the same period in 2014. Excluding the effects of lower copper prices and a lower proportion of tolled copper, net sales decreased $11.4 million, or 5.9%, versus the same period in 2014. This decrease resulted from $10.9 million of lower sales volume and $2.7 million due to the effects of unfavorable foreign currency exchange rates, partially offset by $2.2 million of higher customer pricing/mix. Total pounds of product sold in the first quarter of 2015 decreased by 5.8% compared to the first quarter of 2014. Operating income was $12.6 million compared to $14.5 million for the 2014 period, a decrease of $1.9 million, or 13.1%, primarily from lower sales volume, lower silver and non-silver metal profits and less favorable plant utilization, partially offset by higher LIFO/copper profits. Net income was $4.3 million and $5.2 million for the three months ended March 31, 2015 and 2014, respectively. The decrease was due primarily to lower operating income in the 2015 period. Net income per diluted share of $0.79 for the three months ended March 31, 2015 decreased by $0.02 from the 2014 period net income of $0.81 per basic share. The decrease in net income per diluted share resulted from lower net income, partially offset by a decrease in the number of outstanding shares and stock options in the 2015 period compared to the 2014 period due to the repurchase of common stock and stock options in the 2014 period. Net debt as at March 31, 2015 was $250.2 million.

 

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Industry Analysis

ITWG

Industry Average

Valuation ITWG Industry Range
Price/Earnings 18.5x
Price/Sales 0.3x
Price/Book NM Not Meaningful
Price/Cash Flow 7.8x
TEV/Sales NM Not Meaningful
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