Houston Wire & Cable Sales Down 16.7% in 3Q

MRO sales decreased 1 percent in the quarter.

Houston Wire & Cable Co. (NASDAQ: HWCC), Houston, TX, reported third quarter sales of $65.2 million, down 16.7 percent year over year. The company reported a loss of $1.4 million, down from a profit of $0.7 million in the prior-year period.

MRO sales increased 1 percent in the third quarter, while project business sales decreased 52 percent.

Sales for the first nine months were down 19.1 percent versus the prior year period to $192.4 million. The company reported a loss of $4.2 million, down from a profit of $2.2 million in the prior-year period.

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