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Houston Wire & Cable Company Reports Results for Q2 2019
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2019-08-12
Houston Wire & Cable Company Reports Results for the Quarter Ended June 30, 2019.
Houston Wire & Cable Company (NASDAQ: HWCC) announced operating results for the second quarter ended June 30, 2019.
Selected quarterly results versus the second quarter of 2018 were:
Sales of $85.3 million, down 9.1%
Gross margin of 24.1%, up 30 basis points
Operating expense improved $448 thousand
Quarter end debt decreased $7.0 million and average debt down $8.2 million
Net income of $1.6 million, down 37%
Fully diluted EPS of $0.10, down $0.06