Houston Wire & Cable Company (HWCC) 2015年年度报告「NASDAQ」.pdf

1、ELECTRICAL AND MECHANICAL WIRE AND CABLE FOR INDUSTRY AND INFRASTRUCTUREHOUSTON WIRE&CABLE COMPANY2015 ANNUAL REPORTFINANCIAL HIGHLIGHTS(Dollars in thousands except per share data)2015*2014 2013*2012 2011Net Sales$308,133$390,011$383,292$393,036$396,410Sales Per Employee 856 1,017 908 954 1,010Opera

2、ting Income 9,435 25,423 24,667 28,926 33,377Operating Margin 3.06%6.52%6.44%7.36%8.42%Net Income 5,171 14,972 14,594 17,039 19,677Diluted Earnings Per Share 0.30 0.85 0.82 0.96 1.11Total Assets 159,113 189,813 196,175 197,155 179,153Long-term Obligations 39,463 54,121 48,478 60,361 50,345Stockholde

3、rs Equity 100,001 111,307 110,694 109,080 97,338*Non-GAAP excludes the impact of the impairment charge of$3,417.See notes 3 and 11 to the consolidated financial statements.2015 results as reported were operating income of$6,018,net income of$2,044,and diluted earnings per share of$0.12.*Non-GAAP exc

4、ludes the impact of the impairment charge of$7,562.See notes 3 and 11 to the consolidated financial statements.2013 results as reported were operating income of$17,105,net income of$7,902,and diluted earnings per share of$0.44.2015 was a year that presented Houston Wire&Cable Company(HWCC)with many

5、challenges.End market demand for the majority of our products and services significantly declined versus the prior year due to the reduction in the price of oil and the strength of the U.S.Dollar,and deflation in copper,steel and aluminum which are major cost components of our products applied prici

6、ng pressure in a very competitive market environment.As HWCC has a high concentration of wire and cable designed for use in industrial markets,our model suffers when the broad industrial economy experiences reductions in demand and spend for maintenance,repair and operations,and large capital projec