Houston Wire & Cable Company (HWCC) 2013年年度报告「NASDAQ」.pdf

1、Wire and Cable for Industry and Infrastructure 2013 ANNUAL REPORTHouston Wire&Cable Company was founded in 1975 and is one of the largest providers of electrical and mechanical wire and cable and related services in the U.S.market.Financial Highlights(Dollars in thousands except per share data)2013*

2、2012 2011 2010 2009Net Sales$383,292$393,036$396,410$308,522$254,819Sales per Employee 908 954 1,010 955 907Operating Income 24,667 28,926 33,377 15,006 13,772Operating Margin 6.44%7.36%8.42%4.86%5.40%Net Income 14,594 17,039 19,677 8,619 8,032Diluted Earnings Per Share 0.82 0.96 1.11 0.49 0.45Total

3、 Assets 196,175 197,155 179,153 185,490 122,014Long-term Obligations 48,478 60,361 50,345 55,911 17,479Stockholders Equity 110,694 109,080 97,338 85,720 80,813*Non-GAAP excludes the impact of the goodwill impairment charge of$7,562.See notes 3 and 11 to the consolidated financial statements.2013 res

4、ults as reported were operating income of$17,105,net income of$7,902,and diluted earnings per share of$0.44.2013 Annual Report 01Overall economic conditions remained a challenge in 2013.While Houston Wire&Cable Company(NASDAQ:HWCC)saw positive growth in certain regions,as a whole our revenue fell ap

5、proximately 2%versus the prior year.Although areas of the country performed well,business activity in other regions remained below pre-recession levels.Despite these regional inconsist-encies,HWCC continued to strengthen its overall market position through multiple strategic business development ini

6、tiatives including further investment in growing market segments,additional investments in inventory to support strong oil and gas markets,an expanded distribution platform,new products and services,and additional sales and marketing resources.This discipline of ongoing channel investment,combined w