Coleman Cable Posts Strong Second Quarter

Coleman Cable, Waukegan, Ill., posted unexpectedly strong numbers for the second quarter of 2010 with sales of $174 million -- a 54% increase over 2Q 2009 -- and EBITDA of $17.5 million. "Improved market conditions drove substantially higher volumes ...
Aug. 6, 2010

Coleman Cable, Waukegan, Ill., posted unexpectedly strong numbers for the second quarter of 2010 with sales of $174 million -- a 54% increase over 2Q 2009 -- and EBITDA of $17.5 million.

"Improved market conditions drove substantially higher volumes in both of our segments and were a significant factor in delivering strong results for the quarter," said Gary Yetman, president and CEO. "Additionally, our second-quarter profitability improved significantly on a year-over-year basis as a result of the continued benefits derived from our cost-reduction efforts and capacity adjustments made throughout 2009."

Coleman release

About the Author

Doug Chandler, Senior Staff Writer

Executive Editor

Doug Chandler began writing about the electrical industry in 1992, and still finds there's never a shortage of stories to be told. So he spends his days finding them and telling them. Educationally, he's a Jayhawk with an English degree. Outside of work, he can often be found banging drums or harvesting tomatoes.