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Houston Wire & Cable CO

No Longer Reporting

The company has not filed an annual or quarterly report since its Q1 FY2021 10-Q, filed May 17, 2021. Its latest SEC filing is a 25-NSE from Aug 24, 2021.

The sections below describe the company as of the FY2020 annual report.

What Did They Do?

Sells electrical wire and cable, fasteners, and related hardware to electrical and industrial distributors serving utility, industrial, and infrastructure markets.

How Did They Make Money?

Customers buy industrial products under purchase orders or contracts; the sale happens when products ship, are delivered, or picked up, and most customers pay within 30-60 days of invoice.

FY2014 revenue

Who Were Their Customers?

Electrical products go through wholesale electrical distributors, while fasteners go through industrial distributors; its products serve utility, industrial, and infrastructure markets.

Did Revenues Turn Into Profits?

Yes. It kept 4 cents of every revenue dollar as net income in FY2014 and turned 2 cents into free cash flow.

Operating income, FY2014
7% of revenue
▲ +49% vs FY2013 ($17.1M, 4%)
Net income, FY2014
4% of revenue
▲ +89% vs FY2013 ($7.9M, 2%)
Free cash flow, FY2014
2% of revenue
▼ −48% vs FY2013 ($17.3M, 5%)

How Were They Changing?

Since the FY2020 annual report
Latest quarter: Q1 FY2021, the three months to Mar 31, 2021
Revenue
▼ −20%
vs $83.5M in Q1 FY2020
Net income
▼ −71%
vs $545K in Q1 FY2020
  • Jun 15, 2021 OmniCable completed its acquisition of Houston Wire & Cable Houston Wire & Cable became a wholly owned subsidiary of OmniCable, and its stock was removed from Nasdaq.

Held flat. Revenue was $390M in FY2014, about the same as the $396.4M of FY2011.

Rope-business sales The older report described steel wire rope and synthetic products among its offerings; the latest report records sales of substantially all Southern and Southwest assets.

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