International Wire Group, Inc., Camden, NY, Operating income, reported for the third quarter ended Sept. 30, 2008, were $203.4 million, an increase of 13% from net sales for the same period 2007. Profit was $2.4 million, down 11.1%.
A higher selling price of copper, increased sales volume, higher customer pricing/mix, the impact of a stronger euro versus the U.S. dollar and sales from the Global Wire acquisition beginning on July 1, 2008, contributed to the quarterly sales growth. Profit was negatively impacted by lower sales to the automotive industry.
Sales for the nine months ended Sept. 30, 2008, were $609.7 million, an increase of 10.0% over reported 2007 levels. The company reported profit of $15.2 million, up 13.9% over the prior year same period. …
International Wire Sales Up 13% in 3Q
International Wire Group, Inc., Camden, NY, Operating income, reported for the third quarter ended Sept. 30, 2008, were $203.4 million, an increase of 13% from net sales for the same period 2007. Profit was $2.4 million, down 11.1%.
A higher selling price of copper, increased sales volume, higher customer pricing/mix, the impact of a stronger euro versus the U.S. dollar and sales from the Global Wire acquisition beginning on July 1, 2008, contributed to the quarterly sales growth. Profit was negatively impacted by lower sales to the automotive industry.
Sales for the nine months ended Sept. 30, 2008, were $609.7 million, an increase of 10.0% over reported 2007 levels. The company reported profit of $15.2 million, up 13.9% over the prior year same period. …
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