Last $29.00 USD
Change Today 0.00 / 0.00%
Volume 0.0
ITWG On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 09/12/14 All times are local (Market data is delayed by at least 15 minutes).

international wire group hol (ITWG) Snapshot

Open
$29.00
Previous Close
$29.00
Day High
$29.00
Day Low
$29.00
52 Week High
07/16/14 - $31.00
52 Week Low
10/9/13 - $23.00
Market Cap
177.8M
Average Volume 10 Days
1.0K
EPS TTM
$2.89
Shares Outstanding
6.1M
EX-Date
02/24/12
P/E TM
10.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for INTERNATIONAL WIRE GROUP HOL (ITWG)

international wire group hol (ITWG) Related Bloomberg News

View More Bloomberg News

international wire group hol (ITWG) Related Businessweek News

No Related Businessweek News Found

international wire group hol (ITWG) Details

International Wire Group Holdings, Inc., together with its subsidiaries, manufactures and markets wire products and high performance conductors for other wire suppliers, distributors, and original equipment manufacturers in the United States, Belgium, France, Italy, and Poland. The company operates through three segments: Bare Wire, Engineered Wire Products — Europe, and High Performance Conductors. The Bare Wire segment provides bare and tin-plated copper wire products comprising single end, stranded, bunched, cabled and braided, and shielding wire products used to transmit digital, video, and audio signals or conduct electricity in automotive/specialty vehicles, consumer and appliance, electronics and data communications, and industrial and energy markets. The Engineered Wire Products — Europe segment offers specialty braids, ropes, connections, wire mesh, and flexible bars products used to conduct electricity for power or for grounding purposes for use in the aerospace, automotive/specialty vehicles, and industrial and energy markets. The High Performance Conductors segment manufactures specialty high performance conductors, which include tin, nickel, and silver plated copper and copper alloy conductors, such as high and low temperature conductors, as well as specialty film insulated conductors and miniature tubing products for use in the commercial and military aerospace and defense, electronics and data communications, industrial and energy, medical device, and medical electronics markets. It sells its products through direct sales people and manufacturers’ representatives. The company was founded in 1995 and is headquartered in Camden, New York.

international wire group hol (ITWG) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

international wire group hol (ITWG) Key Developments

International Wire Group Holdings, Inc. Announces Earnings Results for the Second Quarter and for the Six Months Ended June 30, 2014

International Wire Group Holdings, Inc. announced earnings results for the second quarter and for the six months ended June 30, 2014. Net sales for the quarter ended June 30, 2014 were $196.1 million, a decrease of $1.1 million, or 0.6%, compared to $197.2 million for the same period in 2013. This decrease was primarily due to a lower selling price of copper partially offset by a lower proportion of tolled copper. Operating income for the three months ended June 30, 2014 was $13.8 million compared to $13.2 million for the three months ended June 30, 2013, an increase of $0.6 million, or 4.5%, primarily from higher plant utilization, lower medical costs and lower depreciation and amortization, partially offset by higher selling, general and administrative expenses. Net income was $5.0 million for the three months ended June 30, 2014 increased by $0.5 million from the prior year results of $4.5 million. The increase was due primarily to higher operating income partially offset by a higher income tax provision. Net income per basic and diluted share of $0.87 for the three months ended June 30, 2014 increased by $0.13 per basic share and $0.16 per diluted share from the prior year period level of $0.74 per basic share and $0.71 per diluted share. The increase in net income per basic and diluted share in the 2014 period compared to the 2013 period resulted from higher net income and a decrease in weighted-averages shares outstanding in the 2014 period compared to the 2013 period due to the repurchase of common stock and stock options in the first six months of 2014. Adjusted EBITDA was $18.4 million against $18.1 million a year ago. Net sales for the six months ended June 30, 2014 were $390.4 million, a decrease of $7.9 million, or 2.0%, compared to 2013 period sales of $398.3 million. This decrease was primarily due to a lower selling price of copper partially offset by a lower proportion of tolled copper. Operating income for the six months ended June 30, 2014 was $28.3 million compared to $26.3 million for the 2013 period, an increase of $2.0 million, or 7.6%, primarily from higher plant utilization, lower medical costs and lower depreciation and amortization, partially offset by higher selling, general and administrative expenses. Net income was $10.2 million was higher than net income in the 2013 period of $9.2 million, primarily from higher operating income partially offset by a higher income tax provision. Net income per basic share of $1.73 for the six months ended June 30, 2014 increased by $0.22 from the prior year level of $1.51. Net income per diluted share of $1.68 for the six months ended June 30, 2014 increased by $0.22 from the 2013 period of $1.46. The increase in net income per basic and diluted share in the 2014 period compared to the 2013 period resulted from higher net income and a decrease in weighted-averages shares outstanding in the 2014 period compared to the 2013 period due to the repurchase of common stock and stock options in the first six months of 2014. Net debt (total debt less cash) was $263.7 million as of June 30, 2014, a $0.5 million increase from December 31, 2013 primarily from higher working capital requirements to support increased sales levels in the second quarter of 2014 as compared to the fourth quarter of 2013. Adjusted EBITDA was $37.4 million against $36.1 million a year ago.

International Wire Group Holdings, Inc., Annual General Meeting, Jun 25, 2014

International Wire Group Holdings, Inc., Annual General Meeting, Jun 25, 2014.

International Wire Group Holdings, Inc. Announces Financial Results for the First Quarter Ended March 31, 2014

International Wire Group Holdings, Inc. announced financial results for the first quarter ended March 31, 2014. For the quarter, the company's operating income was higher than in the first quarter of 2013. Net sales were $194.3 million, a decrease of $6.8 million, or 3.4%, compared to $201.1 million for the same period in 2013. This decrease was primarily due to a lower selling price of copper and a higher proportion of tolled copper. Operating income was $14.5 million compared to $13.1 million for the 2013 period, an increase of $1.4 million, or 10.7%, primarily from higher sales volume, higher plant utilization and lower medical costs. Net income was $5.2 million against $4.7 million a year ago. The increase in net income was due primarily to higher operating income partially offset by an increase in the income tax provision in the 2014 period. Net income per basic and diluted share of $0.86 and $0.81, respectively, increased by $0.10 per basic share and $0.06 per diluted share from the 2013 period net income of $0.76 per basic share and $0.75 per diluted share. The increase in net income per basic and diluted share resulted primarily from higher net income in the 2014 period compared to the 2013 period. Net debt (total debt less cash) was $259.6 million as of March 31, 2014, representing a $3.6 million decrease from December 31, 2013 primarily due to higher accounts payable, accrued liabilities and accrued interest, partially offset by higher inventory, higher accounts receivable and lower cash due to the repurchase of common stock. Adjusted EBITDA was $19.0 million against $18.0 million a year ago.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
ITWG:US $29.00 USD 0.00

ITWG Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for ITWG.
View Industry Companies
 

Industry Analysis

ITWG

Industry Average

Valuation ITWG Industry Range
Price/Earnings 10.3x
Price/Sales 0.2x
Price/Book 7.4x
Price/Cash Flow 7.9x
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact INTERNATIONAL WIRE GROUP HOL, please visit www.internationalwiregroup.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.