houston wire & cable co (HWCC) Snapshot

Houston Wire & Cable Company Presents at William Blair & Company 33(rd) Annual Growth Stock Conference, Jun-12-2013 02:40 PM. Venue: Four Seasons Hotel, Chicago, Illinois, United States. Speakers: James L. Pokluda, Chief Executive Officer, President and Director.

Houston Wire & Cable Company announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the period, the company reported sales of $94,304,000 compared to $94,462,000 for the same period a year ago. Operating income was $6,386,000 compared to $6,802,000 for the same period a year ago. Income before income taxes was $6,113,000 compared to $6,536,000 for the same period a year ago. Net income was $3,862,000 or $0.22 per basic and diluted share compared to $4,016,000 or $0.23 per basic and diluted share for the same period a year ago. Net cash provided by operating activities was $12,049,000 compared to net cash used in operating activities of $5,011,000 for the same period a year ago. Expenditures for property and equipment was $274,000 compared to $101,000 for the same period a year ago. The company expects for interest expense to decrease and tax rate to be somewhere in the region of 38.4% to 38.7%.

The Board of Directors of Houston Wire & Cable Company declared a cash dividend of $0.11 per share on the Common Stock, payable May 30, 2013, to shareholders of record of Common Stock at the close of business on May 17, 2013.