The 2020 Mid-Year Economic Update_long

Houston Wire & Cable Sales Up 24.5% in 3Q

MRO sales increased 20 percent in the quarter.

Houston Wire & Cable Co. (NASDAQ: HWCC), Houston, TX, reported third quarter sales of $81.2 million, up 24.5 percent year over year. The company reported a loss of $1.7 million, down 19.6 percent from the prior-year period.

MRO sales increased 20 percent in the third quarter, while project business sales decreased 5 percent.

Sales for the first nine months were up 22.5 percent versus the prior year period to $235.6 million. The company reported a loss of $2.2 million, up from a loss of $4.2 million in the prior-year period.

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