Houston Wire & Cable Company

Houston Wire & Cable Company

HWCC
Houston Wire & Cable CompanyUS flagNASDAQ Global Select
5.30
USD
+0.01
- -
Houston Wire & Cable Company
HWCC
(NASDAQ Global Select)

Recent

price

5.30

P/E

ratio

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div

yld

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Capital Structure

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Business
Houston Wire & Cable Company, established in 1975 and headquartered in Houston, Texas, functioned as a prominent industrial distributor offering a comprehensive range of electrical and mechanical wire, cable, and industrial fastener solutions throughout the United States. The company supplied an extensive array of products including various continuous and interlocked armor cables, control and power cables, electronic wires, flexible and portable cords, instrumentation and thermocouple cables, as well as lead and high temperature cables. Its catalog also featured medium voltage cables, premise and category wires, primary and secondary aluminum distribution cables, steel wire ropes, wire rope and synthetic fiber slings, chains, shackles, alongside other related hardware and corrosion-resistant items. Houston Wire & Cable additionally developed and marketed private-branded products, notably its LifeGuard low-smoke zero-halogen cable. These specialized offerings and standard products found widespread application in essential maintenance, repair, and operations (MRO) activities, various projects within the utility, industrial, and infrastructure sectors, and across diverse industrial fields such as communications, energy, engineering and construction, general manufacturing, marine construction, mining, petrochemical, transportation, utility, wastewater treatment, and food and beverage. The company provided a suite of value-added services, including same-day shipping, inventory management programs, just-in-time delivery, and 24/7 customer support. In a significant corporate development, Houston Wire & Cable Company was acquired by OmniCable, LLC in an all-cash transaction valued at $91 million, which was completed on June 15, 2021. Following this acquisition, Houston Wire & Cable Company's common stock was delisted, and it now operates as a subsidiary under OmniCable, retaining its brand and existing operational locations.

Company News

APIChatGPT
  • OmniCable Completes Acquisition of Houston Wire & Cable Company

  • Houston Wire & Cable Company Postpones 2021 Annual Meeting in Light of Pending Acquisition by OmniCable

  • SHAREHOLDER ALERT: WeissLaw LLP Investigates Houston Wire & Cable Company

  • Shareholder Alert: Ademi LLP investigates whether Houston Wire & Cable Company has obtained a Fair Price in its transaction with Omni Cable

  • Houston Wire Merger Investigation: Halper Sadeh LLP Announces Investigation Into Whether the Sale of Houston Wire & Cable Company Is Fair to Shareholders; Investors Are Encouraged to Contact the Firm – HWCC

  • HWCC Stock Price Increases Over 50% Pre-Market: Why It Happened

  • Houston Wire & Cable Company to be Acquired by OmniCable in $91 Million Transaction

  • Houston Wire & Cable Company Completes Sale of Southwest Wire Rope Division

  • Houston Wire & Cable Company to Sell Southwest Wire Rope Division, Use Proceeds to Reduce Revolver Debt

  • Houston Wire & Cable Company Completes Sale of Southern Wire Division and Achieves Debt Reduction Goal

  • Houston Wire & Cable Company to Sell Southern Wire Division

  • Houston Wire & Cable Company Announces Results for the Quarter Ended September 30, 2020, Update on Continuing Cost and Debt Reduction

  • Houston Wire & Cable Company Announces Third Quarter 2020 Earnings Release Date

  • Searching For Wonderful Businesses: Encore Wire (NASDAQ:WIRE)

  • Deep Value Index Posts Strong Outperformance Vs. Nasdaq During COVID-19 Pandemic

  • HOUSTON WIRE & CABLE CO : Changes in Registrant's Certifying Accountant, Financial Statements and Exhibits (form 8-K) | MarketScreener

  • Houston Wire & Cable Company: Low Potential In The Short Term

  • Power Cables Market to Reach 272.88 Billion by 2027; Increasing Product Applications Across Diverse Industries Will Aid Growth, says Fortune Business Insights™