Houston Wire & Cable is
reporting that sales for its second quarter reached $98.1 million, a 4%
increase over the first quarter.
Jim Pokluda, president and CEO, said
that market demand remains inconsistent.
“Comparables to the prior year
period are difficult, as the second quarter of 2011 had reflected 32.9% organic
sales growth over the prior year as a result of significant project billings
and delayed MRO (maintenance, repair and operations) spend from the recession,
“he said. “Similar to the first quarter, customer activity and market
conditions showed some signs of improvement.”
He pointed out that when adjusted
for an estimated 4% negative impact from metal price fluctuations, revenues
were down slightly less than 1% year over year and up approximately 8%
sequentially.