HWC Sees Sales and Profits Suffer in 2009 but Enjoys Increases in Target Markets

Declines in demand and the drop in copper pricing during 2009 pushed Houston Wire & Cable's 2009 sales and profits sharply lower last year. The Houston-based wire specialists had a 2009 sales decline of 29.4 percent to $254.8 million and a 38.2 ...
March 15, 2010

Declines in demand and the drop in copper pricing during 2009 pushed Houston Wire & Cable's 2009 sales and profits sharply lower last year. The Houston-based wire specialists had a 2009 sales decline of 29.4 percent to $254.8 million and a 38.2 percent-decrease in gross profit to $53 million. However, the company did enjoy an increase in sales within its five internal growth initiatives --utility power generation, environmental compliance, engineering and construction, industrials, and its LifeGuard product line and other private branded products. Details

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Jim Lucy Blog

Chief Editor

Jim Lucy has been wandering through the electrical market for more than 30 years, most of the time as an editor for Electrical Wholesaling, Electrical Marketing newsletter and CEE News. During that time he and the editorial team for the publications have won numerous national awards for their coverage of the electrical business. He showed an early interest in electricity, when as a youth he had an idea for a hot dog cooker. Unfortunately, the first crude prototype malfunctioned and the arc nearly blew him out of his parents' basement. Before becoming an editor for Electrical Wholesaling magazine and Electrical Marketing, he earned a BA degree in journalism and a MA in communications from Glassboro State College, Glassboro, NJ., which is formerly best known as the site of the 1967 summit meeting between President Lyndon Johnson and Russian Premier Aleksei Nikolayevich Kosygin, and now best known as the New Jersey state college that changed its name in 1992 to Rowan University because of a generous $100 million donation by N.J. zillionaire industrialist Henry Rowan. Jim is a Brooklyn-born Jersey Guy happily transplanted in the fertile plains of Kansas for the past 20 years.