Houston Wire & Cable Posts Double-Digit Increase - Modern Distribution Management

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Houston Wire & Cable Posts Double-Digit Increase

Distributors second-quarter sales rise 24 percent to $93.9 million.
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Houston Wire & Cable Co. (NASDAQ: HWCC), Houston, TX, reported second-quarter sales of $93.9 million, up 24 percent compared with the same period in 2017. Net income for the quarter was $2.6 million.

The company said sales in its project business, which targets end markets for utility power generation, environmental compliance, engineering and construction, industrials, and mechanical wire rope, increased 26%, while Maintenance, Repair, and Operations (MRO) sales were up 23% compared to the second quarter of 2017.

 

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