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Houston Wire & Cable Sales Up 21.4% in 2017

Houston Wire & Cable Co. (NASDAQ: HWCC), Houston, TX, reported sales of $317.7 million for 2017, a 21.4 percent increase from 2016. The company reported a loss of $0.2 million compared to a loss of $6 million in 2016.

For the year, MRO sales increased 15 percent, while the company's project sales – which targets end markets for utility power generation, environmental compliance, engineering & construction, industrials, and mechanical wire rope – increased 3 percent.

Fourth-quarter sales were $82.1 million, an 18 percent increase from the same period the previous year. The company reported $2 million in profit compared with a loss of $1.8 million in 4Q 2016.

For the quarter, MRO sales grew 16 percent while project sales increased 33 percent.

 

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