Houston Wire & Cable Company (HWCC) 2017年年度报告「NASDAQ」.pdf

1、ELECTRICAL AND MECHANICAL WIRE&CABLE AND FASTENERS FOR INDUSTRY AND INFRASTRUCTUREHOUSTON WIRE&CABLE COMPANY 2017 ANNUAL REPORTHOUSTON WIRE&CABLE COMPANY 2017 ANNUAL REPORTFINANCIAL HIGHLIGHTS(Dollars in thousands except per share data)2017 2016*2015*2014 2013*Net Sales$317,697$261,644$308,133$390,0

2、11$383,292Sales Per Employee 782 733 856 1,017 908Operating Income(loss)4,604(3,290)9,435 25,423 24,667Operating Margin 1.45%(1.26)%3.06%6.52%6.44%Net Income(loss)(222)(3,308)5,171 14,972 14,594Diluted Earnings(loss)Per Share(0.01)(0.21)0.30 0.85 0.82Total Assets 194,039 175,870 159,113 189,813 196,

3、175Long-term Obligations 74,995 60,904 39,463 54,121 48,478Stockholders Equity 90,744 90,131 100,001 111,307 110,694 *Non-GAAP excludes the impact of the impairment charge of$2,384 and acquisition expenses related to Vertex of$861.See notes 2,4 and 12 to the consolidated financial statements.2016 re

4、sults as reported were an operating loss of$(6,535),net loss of$(6,006)and diluted loss per share of$(0.37).*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 o

5、f$2,044 and diluted earnings per share of$0.12.*Non-GAAP excludes 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.Dear Sharehol

6、ders:We were pleased to see that market conditions began to improve in the latter part of 2017.Demand levels in the first half of the year remained depressed and unchanged from 2016;however,in the second half of the year market strength,customer demand,and profitability significantly improved.Indust