Last $31.00 USD
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international wire group hol (ITWG) Snapshot

Open
$31.00
Previous Close
$31.00
Day High
$31.00
Day Low
$31.00
52 Week High
07/16/14 - $31.00
52 Week Low
07/30/13 - $23.00
Market Cap
190.0M
Average Volume 10 Days
10.0
EPS TTM
$2.73
Shares Outstanding
6.1M
EX-Date
02/24/12
P/E TM
11.4x
Dividend
--
Dividend Yield
--
Current Stock Chart for INTERNATIONAL WIRE GROUP HOL (ITWG)

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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.

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international wire group hol (ITWG) Key Developments

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.

International Wire Group Holdings, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013

International Wire Group Holdings, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company's net sales were $191.8 million, an increase of $30.1 million, or 18.6%, compared to $161.7 million for the same period in 2012. Excluding the effects of lower copper prices and a lower proportion of tolled copper, net sales increased $8.3 million, or 4.5%, versus the same period in 2012. Total pounds of product sold in the fourth quarter of 2013 increased by 11.3% compared to the fourth quarter of 2012. Operating income was $10.6 million compared to $12.6 million for the three months ended December 31, 2012, a decrease of $2.0 million, or 15.9%, primarily due to the effects of a less favorable sales mix and lower silver prices. Net income of $3.3 million, increased by $10.4 million from the prior year net loss of $7.1 million. The increase was due primarily to the loss on early extinguishment of debt in the 2012 period, partially offset by a higher income tax provision in the 2013 period. Net income per basic and diluted share of $0.55 and $0.52, respectively, for the three months ended December 31, 2013 increased by $1.31 per basic share and $1.28 per diluted share from the 2012 period loss of $0.77 per basic share and $0.76 per diluted share. The increase in net income per basic and diluted share resulted from higher net income and a decrease in outstanding shares in the 2013 period compared to the 2012 period following the repurchase of common stock in Dutch auction tender offer in November 2012. Adjusted EBITDA was $15.8 million against $17.6 million a year ago. For the year, the company's net sales were $774.2 million, an increase of $40.3 million, or 5.5%, compared to 2012 period sales of $733.9 million. Excluding the effects of lower copper prices and a lower proportion of tolled copper, net sales decreased $3.0 million, or 0.4%, versus the prior year. This decrease resulted from $2.5 million of reduced sales volume and $2.4 million of lower customer pricing/mix, primarily silver, nickel and tin-plated products, partially offset by $1.9 million from the effects of favorable foreign currency exchange rates. Total pounds of product sold for the year ended December 31, 2013 increased by 2.3% compared to the year ended December 31, 2012. Operating income was $48.4 million compared to $57.5 million for the year ended December 31, 2012, a decrease of $9.1 million, or 15.8%, primarily from lower silver pricing, unfavorable sales mix and higher depreciation and amortization, partially offset by a favorable LIFO impact and lower selling, general and administrative expenses. Net income of $16.7 million was higher than net income in the 2012 period of $10.8 million, primarily from reduced interest expense as the result of lower interest rates from October 2012 refinancing and a loss on early extinguishment of debt in the 2012 period, partially offset by lower operating income and a higher income tax provision in the 2013 period. Net income per diluted share of $2.61 for the year ended December 31, 2013 increased by $1.50 from the 2012 period of $1.11. The increase in net income per basic and diluted share resulted from higher net income and a decrease in outstanding shares in the 2013 period compared to the 2012 period following the repurchase of common stock in Dutch auction tender offer in November 2012. Net debt was $263.2 million as of December 31, 2013, a $9.6 million increase from December 31, 2012 primarily from higher working capital requirements to support increased sales levels in the fourth quarter of 2013 as compared to the fourth quarter of 2012. Adjusted EBITDA was $68.0 million against $76.3 million a year ago.

 

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ITWG

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Valuation ITWG Industry Range
Price/Earnings 11.6x
Price/Sales 0.2x
Price/Book 8.3x
Price/Cash Flow 8.5x
TEV/Sales 0.0x
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