Last $36.00 USD
Change Today +2.00 / 5.88%
Volume 100.0
ITWG On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

international wire group hol (ITWG) Snapshot

Open
$36.00
Previous Close
$34.00
Day High
$36.00
Day Low
$36.00
52 Week High
11/5/14 - $40.00
52 Week Low
04/9/14 - $23.50
Market Cap
220.7M
Average Volume 10 Days
79.0
EPS TTM
$2.93
Shares Outstanding
6.1M
EX-Date
02/24/12
P/E TM
12.3x
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.

international wire group hol (ITWG) Top Compensated Officers

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international wire group hol (ITWG) Key Developments

International Wire Group Holdings, Inc. Announces Financial Results for the Third Quarter and Nine Months Ended September 30, 2014

International Wire Group Holdings, Inc. announced financial results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net income of $3.9 million against $4.2 million a year ago. Adjusted EBITDA was $16.1 million against $16.1 million a year ago. Net sales for the quarter ended September 30, 2014 were $199.3 million, an increase of $15.2 million, or 8.3%, compared to $184.1 million for the same period in 2013. This increase was primarily due to a lower proportion of tolled copper partially offset by the lower selling price of copper. Operating income for the three months ended September 30, 2014 was $12.0 million compared to $11.4 million for the three months ended September 30, 2013, an increase of $0.6 million, or 5.3%, primarily from a favorable LIFO impact, favorable sales mix and lower depreciation and amortization, partially offset by higher selling, general and administrative expenses. The decrease in net income was due primarily to the impact discrete items had on the tax provision in the prior year that did not recur in the current year. Net income per basic and diluted share of $0.68 for the three months ended September 30, 2014 remained the same per basic share and increased $0.04 per diluted share from the prior year period level of $0.68 per basic share and $0.64 per diluted share. The increase in net income per diluted share in the 2014 period compared to the 2013 period resulted from 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 nine months of 2014. Net sales for the nine months ended September 30, 2014 were $589.6 million, an increase of $7.2 million, or 1.2%, compared to 2013 period sales of $582.4 million. This increase was primarily due to a lower proportion of tolled copper offset by a lower selling price of copper. Operating income for the nine months ended September 30, 2014 was $40.3 million compared to $37.8 million for the 2013 period, an increase of $2.5 million, or 6.6%, primarily from higher sales volume, increased plant utilization and lower medical costs and lower depreciation and amortization, partially offset by higher selling, general and administrative expenses. Net income of $14.1 million was higher than net income in the 2013 period of $13.4 million, primarily from higher operating income partially offset by a higher income tax provision. Net income per basic share of $2.40 for the nine months ended September 30, 2014 increased by $0.22 from the prior year level of $2.18. Net income per diluted share of $2.34 for the nine months ended September 30, 2014 increased by $0.24 from the 2013 period of $2.10. 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 nine months of 2014. Net debt (total debt less cash) was $265.2 million as of September 30, 2014, a $2.0 million increase from December 31, 2013 primarily from higher working capital requirements to support increased sales levels in the third quarter of 2014 as compared to the fourth quarter of 2013. Adjusted EBITDA for nine months was $53.5 million against $52.3 million a year ago.

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.

 

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Valuation ITWG Industry Range
Price/Earnings 12.0x
Price/Sales 0.2x
Price/Book 11.2x
Price/Cash Flow 9.5x
TEV/Sales 0.1x
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