Houston Wire & Cable

Houston Wire and Cable is a master distributor of industrial wire and cable, supplying electrical distributors throughout the USA. The company offers products in most categories of wire and cable, including continuous and interlocked armor cable; electronic wire and cable; flexible and portable cord; instrumentation and thermocouple cable; primary and secondary aluminum distribution cable, steel wire rope, and wire rope slings. It has three target markets: the utility market, the industrial market, and the infrastructure market.

HOUSTON and WEST CHESTER, Pa., June 15, 2021 (GLOBE NEWSWIRE) -- Houston Wire & Cable Company (NASDAQ: HWCC) (HWCC) and Omni Cable, LLC (OmniCable) today announced that the acquisition of HWCC by OmniCable has been completed, following approval of the transaction by HWCC stockholders at a special meeting earlier today.

OmniCable Completes Acquisition of Houston Wire & Cable Company

NEW YORK, March 25, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Houston Wire & Cable Company ("HWCC") (NASDAQ: HWCC) in connection with the proposed acquisition of the Company by Omni Cable, LLC ("OmniCable").  Under the terms of the merger agreement, HWCC shareholders will receive $5.30 in cash for each share of HWCC common stock that they hold.

SHAREHOLDER ALERT: WeissLaw LLP Investigates Houston Wire & Cable Company

MILWAUKEE, March 25, 2021 /PRNewswire/ -- Ademi LLP is investigating Houston Wire (NASDAQ: HWCC) for possible breaches of fiduciary duty and other violations of law in its transaction with Omni Cable. Click here to learn how to join the action: https://www.ademilaw.com/case/houston-wire-cable-company or call Guri Ademi toll-free at 866-264-3995.

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

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Houston Wire & Cable Company (NASDAQ: HWCC) to Omni Cable, LLC for $5.30 per share is fair to Houston Wire shareholders. Halper Sadeh encourages Houston Wire shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investigation concerns wh

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

The stock price of Houston Wire & Cable Company (NASDAQ: HWCC) increased by over 50% pre-market. This is why it happened.

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

HWCC Stockholders to Receive $5.30 per Share in Cash HWCC Stockholders to Receive $5.30 per Share in Cash

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

HOUSTON, March 15, 2021 (GLOBE NEWSWIRE) -- Houston Wire & Cable Company (Nasdaq: HWCC) today announced that it completed the sale of its Southwest Wire Rope business, a leading provider of lifting slings and wire rope and rigging products, for a purchase price of $5 million, subject to a working capital adjustment. The sale excluded approximately $2.9 million of trade accounts receivable, which HWCC retained. HWCC used the net sales proceeds of approximately $3.4 million to further reduce revolver debt.

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

HOUSTON, Jan. 13, 2021 (GLOBE NEWSWIRE) -- Houston Wire & Cable Company (Nasdaq: HWCC) today announced that it has entered into a definitive asset purchase agreement for the sale of its Southwest Wire Rope business, a leading provider of lifting slings and wire rope and rigging products, for a purchase price of $5 million, subject to a working capital adjustment. The sale excludes approximately $2.6 million of trade accounts receivable, which HWCC will retain. HWCC expects to use the net sales proceeds and accounts receivable collections to further reduce Revolver debt.   HWCC has already reduced Revolver debt to approximately $21.4 million as of January 13, 2021, from a peak of $95.2 million in the first quarter of 2020.

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

HOUSTON, Jan. 06, 2021 (GLOBE NEWSWIRE) -- Houston Wire & Cable Company (Nasdaq: HWCC) today announced that it completed the sale of its Southern Wire business, a leading wholesale distributor of wire rope and rigging products, to Southern Rigging Companies. The sale closed on December 31, 2020 for a purchase price of $20 million, subject to a working capital adjustment. HWCC used the net proceeds of approximately $18.1 million to reduce debt.

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

HOUSTON, Dec. 02, 2020 (GLOBE NEWSWIRE) -- Houston Wire & Cable Company (Nasdaq: HWCC) today announced that it has entered into a definitive asset purchase agreement for the sale of its Southern Wire business, a leading wholesale distributor of wire rope and rigging products, for a purchase price of $20 million, subject to a working capital adjustment. HWCC expects to use the net sales proceeds to reduce debt.

Houston Wire & Cable Company to Sell Southern Wire Division

HOUSTON, Nov. 05, 2020 (GLOBE NEWSWIRE) -- Houston Wire & Cable Company (NASDAQ: HWCC) (the “Company”) announced operating results for the third quarter ended September 30, 2020 and progress on its continuing cost and debt reduction programs.

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

HOUSTON, Oct. 30, 2020 (GLOBE NEWSWIRE) -- Houston Wire & Cable Company (Nasdaq:HWCC) announced today that the company will release Third Quarter 2020 results after market close on Thursday, November 5th, 2020.

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

HOUSTON, Aug.  06, 2020  (GLOBE NEWSWIRE) -- Houston Wire & Cable Company (NASDAQ: HWCC) (the “Company”) announced operating results for the second quarter ended June 30, 2020 and progress on its cost and debt reduction programs.

Houston Wire & Cable Company Provides Results for the Quarter Ended June 30, 2020, Update on Cost and Debt Reduction

HOUSTON, July  30, 2020  (GLOBE NEWSWIRE) -- Houston Wire & Cable Company (Nasdaq:HWCC) announced today that the company will release Second Quarter 2020 results after market close on Thursday, August 6th, 2020.

Houston Wire & Cable Company Announces Second Quarter 2020 Earnings Release Date

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HOUSTON, June  12, 2020  (GLOBE NEWSWIRE) -- Houston Wire & Cable Company (NASDAQ: HWCC) (the Company) today announced that Gary Yetman has been named executive chairman of the board. William H. Sheffield, who has served as non-executive chairman since 2012, will remain on the board and succeed Yetman as chairman of the Nominating and Corporate Governance Committee. Sheffield previously announced his intention to retire from the board upon expiration of his current term.

Houston Wire & Cable Company Announces Governance, Management Changes

Houston Wire & Cable's (HWCC) CEO Jim Pokluda on Q1 2020 Results - Earnings Call Transcript

HOUSTON, May  04, 2020  (GLOBE NEWSWIRE) -- Houston Wire & Cable Company (NASDAQ: HWCC) today issued the following statement in response to concerns raised by a leading proxy advisory firm regarding the proposal to approve additional shares for HWCC’s 2017 Stock Plan at the May 11, 2020 Annual Meeting of Stockholders.

Houston Wire & Cable Company Addresses Concerns Regarding Stock Plan

HOUSTON, April  29, 2020  (GLOBE NEWSWIRE) -- Houston Wire & Cable Company (NASDAQ: HWCC) today provided an update on developments regarding its governance, executive goals and compensation, and cost and debt reduction measures.

Houston Wire & Cable Company Provides Update on Governance, Executive Goals and Compensation, and Cost and Debt Reduction

HOUSTON, April  20, 2020  (GLOBE NEWSWIRE) -- Due to the public health impact of the coronavirus (COVID-19) pandemic and to support the health and well-being of its employees, stockholders and community, Houston Wire & Cable Company (NASDAQ: HWCC) (the “Company”) announced that its Annual Meeting of Stockholders has been changed from an in-person meeting in Houston, Texas to a virtual meeting format only. In addition, the date and time of the meeting have been changed to Monday, May 11, 2020 at 2 p.m., Central Time.

Houston Wire & Cable Company Announces Change of Date, Time and Location of Annual Meeting of Stockholders

Houston Wire & Cable Company (HWCC) CEO Jim Pokluda on Q4 2019 Results - Earnings Call Transcript

HOUSTON, March  11, 2020  (GLOBE NEWSWIRE) -- Houston Wire & Cable Company (NASDAQ: HWCC) announced that David Nierenberg has been elected to its Board of Directors, effective March 16, 2020. Mr. Nierenberg is Founder and President of Nierenberg Investment Management Company, Inc. (NIMCO), which manages the D3 Family Funds. The Board of Directors has also appointed Damon Benedict, a partner at NIMCO, as a board observer effective as of the same date.

Houston Wire & Cable Company Elects David Nierenberg to its Board of Directors, Makes Other Governance Changes

HOUSTON, Nov.  14, 2019  (GLOBE NEWSWIRE) -- Houston Wire & Cable Company (Nasdaq: HWCC) today announced that James L. Pokluda, President & CEO, will be presenting at the Southwest IDEAS 2019 Conference on Thursday, November 21st at 3:35 p.m. Central Time at the Westin Dallas Downtown in Dallas, TX.

News for Houston Wire & Cable Stock (HWCC)