Manufacturers

Copper down, demand up; Coleman Cable’s Q4 tale

“Though volume remained strong during the fourth quarter,
and we saw a healthy year-over-year increase in demand, the sharp decline in
copper prices…caused a contraction in the spread between the cost of our
products and the prices we were able to charge in the marketplace,” said Gary
Yetman, president and CEO of Coleman Cable.

 

Yetman’s words put the company’s Q4 results in perspective.

 

Sales were almost $207 million, up 11.1%.

 

For the full year, Coleman’s $867 million in sales were up
23.2%.

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