Houston Wire & Cable Company Reports Results for the Quarter Ended June 30, 2018
HOUSTON WIRE & CABLE (HWCC)
Last houston wire & cable earnings: 11/9 07:30 am
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houwire.com
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Source: GlobeNewswire
HOUSTON, Aug. 09, 2018 (GLOBE NEWSWIRE) -- Houston Wire & Cable Company (NASDAQ: HWCC) (the “Company”) announced operating results for the second quarter ended June 30, 2018. Second Quarter 2018 Highlights Net income of $2.6 million, or $0.16 per diluted shareSales of $93.9 million up 24.1% over 2017Gross margin of 23.8% up 220 basis points from the comparable quarter in 2017Operating income of $4.4 million compared to a loss of $0.2 million in the second quarter of 2017 Second Quarter Summary Houston Wire & Cable Company reported net income of $2.6 million, or $0.16 per diluted share, for the quarter ended June 30, 2018, compared to a net loss of $0.1 million, or zero cents loss per diluted share, for the same quarter in 2017. Operating income in the second quarter 2018 was $4.4 million compared to an operating loss of $0.2 million during the second quarter of 2017. Jim Pokluda, President and Chief Executive Officer, commented, “We were pleased to post our fourth consecutive q
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