International Wire Group Holdings Inc. (OTC Pink: ITWG), Camden, NY, reported sales for the second quarter of $137.1 million, down 20.5 percent year-over-year. Profit decreased 86.2 percent to $0.4 million.
"Sales to our largest U.S. industrial and energy customers weakened in the second quarter, slightly offset by improved European industrial sales," said CEO Edwin Flynn.
Year-to-date sales decreased 20.9 percent year-over-year to $276.7 million. Profit decreased 67.1 percent to $2.4 million.
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