Last $24.00 USD
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ITWG On Other Exchanges
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OTC US
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international wire group hol (ITWG) Snapshot

Open
$24.00
Previous Close
$24.00
Day High
$24.00
Day Low
$24.00
52 Week High
08/30/13 - $28.00
52 Week Low
04/23/13 - $19.00
Market Cap
147.1M
Average Volume 10 Days
68.5
EPS TTM
$2.63
Shares Outstanding
6.1M
EX-Date
02/24/12
P/E TM
9.1x
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. 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.

International Wire Group Holdings, Inc. Announces Earnings Results for the Third Quarter and for the Nine Months Ended September 30, 2013

International Wire Group Holdings, Inc. announced earnings results for the third quarter and for the nine months ended September 30, 2013. For the quarter, the company reported net sales were $184.1 million, an increase of $13.2 million, or 7.7%, compared to $170.9 million for the same period in 2012. Operating income was $11.4 million compared to $12.1 million for the three months ended September 30, 2012, a decrease of $0.7 million, or 5.8%, primarily due to the effects of a less favorable sales mix and lower silver volume and prices, partially offset by a favorable LIFO impact and reduced selling, general and administrative expenses. Net income of $4.2 million for the three months ended September 30, 2013 decreased by $0.8 million from the prior year results of $5.0 million. The decrease was due primarily to lower operating income, partially offset by reduced interest expense as the result of lower interest rates from October 2012 refinancing. Net income per basic share and diluted share of $0.68 and $0.64, respectively, for the three months ended September 30, 2013 increased by $0.17 per basic share and $0.13 per diluted share from the prior year period level of $0.51 per basic and per diluted share. The increase in net income per basic and diluted share resulted from 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 $16.1 million compared with $16.6 million for the same period last year. For the nine months, the company reported net sales were $582.4 million, an increase of $10.1 million, or 1.8%, compared to 2012 period sales of $572.3 million. Excluding the effects of lower copper prices and a lower proportion of tolled copper, net sales decreased to $11.4 million, or 1.9% versus the prior year. Operating income was $37.8 million compared to $44.9 million for the 2012 period, a decrease of $7.1 million, or 15.8%, primarily from a less favorable sales mix, lower silver volume and prices, unfavorable plant utilization, higher medical costs and higher depreciation and amortization in the first nine months, partially offset by reduced selling, general and administrative expenses. Net income of $13.4 million was lower than net income in the 2012 period of $17.9 million, primarily from lower operating income partially offset by reduced interest expense as the result of lower interest rates from October 2012 refinancing. Net income per basic share of $2.18 for the nine months ended September 30, 2013 increased by $0.35 from the prior year level of $1.83. Net income per diluted share of $2.10 for the nine months ended September 30, 2013 increased by $0.27 from the 2012 period of $1.83. The increase in net income per basic and diluted share resulted from 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 (total debt less cash) was $258.7 million as of September 30, 2013, a $5.1 million increase from December 31, 2012 primarily from higher working capital requirements to support increased sales levels in the third quarter of 2013 as compared to the fourth quarter of 2012. Adjusted EBITDA was $52.3 million compared with $58.7 million for the same period last year.

International Wire Group Holdings, Inc. Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2013

International Wire Group Holdings, Inc. announced earnings results for the second quarter and six months ended June 30, 2013. For the quarter, net sales were $197.2 million, an increase of $4.1 million, or 2.1%, compared to $193.1 million for the same period in 2012. Excluding the effects of lower copper prices and a lower proportion of tolled copper, net sales decreased $1.0 million, or 0.5%, versus the same period in 2012. Operating income was $13.2 million compared to $16.5 million a year ago, a decrease of $3.3 million, or 20.0%, primarily due to the effect of lower silver volume and prices, unfavorable LIFO charges and higher medical costs, partially offset by reduced selling, general and administrative expenses. Net income was $4.5 million decreased by $1.9 million from the prior year results of $6.4 million. The decrease was due primarily to lower operating income, partially offset by reduced interest expense as the result of lower interest rates from October 2012 refinancing. Net income per diluted share was $0.71 increased by $0.05 per diluted share from the prior year period level of $0.66 per basic and per diluted share. The increase in net income per diluted share resulted from 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 $18.1 million against $21.2 million a year ago. For the six months, the company's net sales were $398.3 million, a decrease of $3.0 million, or 0.7%, compared to 2012 period sales of $401.3 million. Excluding the effects of lower copper prices and a lower proportion of tolled copper, net sales decreased $11.4 million, or 2.8%, versus the prior year. This decrease resulted from $14.1 million of reduced sales volume, partially offset by $2.3 million of higher customer pricing/mix, net of lower silver prices and $0.4 million from the effects of favorable foreign currency exchange rates. Operating income was $26.3 million compared to $32.8 million for the 2012 period, a decrease of $6.5 million, or 19.8%, primarily from reduced sales volume (including silver-plated products), lower silver prices, unfavorable LIFO effects in the second quarter of 2013, lower plant utilization and higher medical costs, partially offset by reduced selling, general and administrative expenses. Net income of $9.2 million was lower than net income in the 2012 period of $13.0 million, primarily from lower operating income partially offset by reduced interest expense as the result of lower interest rates from October 2012 refinancing. Net income per diluted share of $1.46 increased by $0.14 from the 2012 period of $1.32. The increase in net income per diluted share resulted from 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 (total debt less cash) was $278.4 million as of June 30, 2013, a $24.8 million increase from December 31, 2012 primarily from higher working capital requirements to support increased sales levels in the second quarter of 2013 as compared to the fourth quarter of 2012. Adjusted EBITDA was $36.1 million against $42.1 million a year ago.

 

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Valuation ITWG Industry Range
Price/Earnings 9.2x
Price/Sales 0.2x
Price/Book 5.4x
Price/Cash Flow 6.6x
TEV/Sales NM Not Meaningful
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