Houston Wire & Cable Company Authorizes Stock Buyback Program
13 Marzo 2014 - 12:15PM
Marketwired
Houston Wire & Cable Company Authorizes Stock Buyback Program
HOUSTON, TX--(Marketwired - Mar 13, 2014) - Houston Wire &
Cable Company (NASDAQ: HWCC) today announced that its Board of
Directors has approved a stock buyback program effective Monday,
March 17, 2014. Under the program, the Company is authorized
to purchase up to $25 million of its outstanding shares of common
stock from time to time, depending on market conditions, trading
activity, business conditions and other factors.
Any purchases under the program may be made on the open market
or in block trades or privately negotiated
transactions. Shares of stock purchased under the program will
be held as treasury shares.
About the Company
With 39 years of experience in the industry, Houston Wire &
Cable Company is one of the largest providers of wire and cable in
the U.S. market. Headquartered in Houston, Texas, the Company has
sales and distribution facilities strategically located throughout
the nation.
Standard stock items available for immediate delivery include:
continuous and interlocked armor cable; control and power cable;
electronic wire and cable; flexible and portable cords;
instrumentation and thermocouple cable; lead and high temperature
cable; medium voltage cable; premise and category wire and cable;
primary and secondary aluminum distribution cable; wire rope and
wire rope slings, as well as synthetic slings, chain, shackles and
other related hardware. We also offer private branded products
including our proprietary brand, LifeGuard™, a low-smoke,
zero-halogen cable. Comprehensive value-added services include
same-day shipping, knowledgeable sales staff, inventory management
programs, just-in-time delivery, logistics support, customized
internet-based ordering capabilities and 24/7/365 service.
To obtain additional information, visit our website at
www.houwire.com.
CONTACT: Nicol G. Graham Chief Financial Officer Direct:
713.609.2125 Fax: 713.609.2168 ngraham@houwire.com
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