Houston Wire & Cable Company Reports Results for Q2 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