6309 Monarch Park Place, Suite 203
Niwot, CO 80503, USA
Phone (303) 443-5060
Toll free (888) 742-5060
Houston Wire & Cable Co. (NASDAQ: HWCC), Houston, TX, reported sales for 2015 of $308.1 million, a 21 percent decrease from 2014. MRO sales decreased 18 percent, or 11 percent on a metals adjusted basis, while project sales decreased 26 percent, or 19 percent on a metals adjusted basis. Profit decreased 86.3 percent to $2 million.
Fourth-quarter sales were $70.3 million, a 21.5 percent decrease from the same period the previous year. MRO sales fell 25 percent, or 13 percent on a metals adjusted basis, while project sales decreased 15 percent, or 3 percent on a metals adjusted basis. The company reported a loss of $0.2 million, down from a profit of $3.7 million.