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Houston Wire & Cable Co. (NASDAQ: HWCC), Houston, TX, reported sales for the first quarter of $78.7 million, up 21.6 percent year-over-year. MRO sales increased 21 percent while project sales decreased 31 percent. The company reported a loss of $0.5 million, as compared to a loss of $0.2 million a year ago.
"Market conditions appear to be improving as we experienced increasing activity levels in each of the three months compared to prior year levels," said Jim Pokluda, president and CEO.