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Houston Wire & Cable Co. (NASDAQ: HWCC), Houston, TX, reported third-quarter sales of $90.1 million, up 10.9 percent compared to the same period a year ago. The company reported net income of $2.5 million for the quarter, compared with a net loss of $1.7 million a year ago.
Sales in the company’s project business--which targets end markets for utility power generation, environmental compliance, engineering and construction, industrials, and mechanical wire rope--rose an estimated 13 percent while MRO sales rose 10 percent, the company said.