Houston Wire & Cable Company Reports Results for the Quarter Ended September 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, Nov. 08, 2018 (GLOBE NEWSWIRE) -- Houston Wire & Cable Company (NASDAQ: HWCC) (the “Company”) announced operating results for the third quarter ended September 30, 2018. Third Quarter 2018 Highlights Net income of $2.5 million, or $0.15 per diluted shareReduced debt by $6.7 millionSales of $90.1 million increased 10.9% over 2017Gross margin of 23.8% up 90 basis points compared with 2017 Third Quarter Summary Houston Wire & Cable Company reported net income of $2.5 million, or $0.15 per diluted share, for the quarter ended September 30, 2018, compared to a net loss of $1.7 million, or a loss of $0.11 per diluted share, for the same quarter in 2017. Operating income in the third quarter 2018 was $3.0 million compared to $2.0 million during the third quarter of 2017. Jim Pokluda, President and Chief Executive Officer, commented, “We were pleased to post our fifth consecutive quarter of year-over-year revenue growth, as customer demand and end market strength remained much
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