International Wire earnings jump in 2d qtr.

Aug 12, 2014 | 12:49 PM | Saranya Kapur

Tags  copper, copper wire, International Wire Group, earnings report, Saranya Kapur

NEW YORK — Copper wire products maker International Wire Group Holdings Inc. posted a 9.6-percent increase in net income to nearly $5 million in the second quarter, driven by higher plant utilization and lower medical costs, as well as lower depreciation and amortization.

The Camden, N.Y.-based company’s sales dipped slightly to $196.2 million from $197.2 million a year earlier on lower copper selling prices, partially offset by a lower proportion of tolled copper in the company’s product mix.....





Latest Pricing Trends

Poll

Are you stocking more inventory today than 18 months ago?

Yes
No


View previous results