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Forward-Looking Statements
Publicly-held electrical equipment manufacturers, distributors and contractors that released their latest quarterly and annual reports over the past couple of weeks paint a picture of having survived an absolutely brutal year and overall express cautious optimism about market conditions over the next three to 12 months. Here's a roundup of their results and comments.
Encore Wire, McKinney, Texas, reported a drop of 13.1 percent in unit sales in the fourth quarter versus the fourth quarter of 2008. The declines were offset by higher prices for building wire, which increased 13.2 percent per copper pound sold, but the increase in selling price didn't make up for an increase of 57.1 percent in the copper that went into the wire. The result was a loss in the quarter of $1.9 million versus net income of $16.7 million in the fourth quarter of 2008. Net sales for the year were $649.6 million compared to $1.081 billion during 2008, while net income for the year was $3.6 million versus $39.8 million in 2008.
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Electrical Marketing's LiveWire brings you breaking news, on-the-fly analysis and running commentary about the electrical products marketing channel from the editors of Electrical Marketing.
Industry Calendar
June 3-6
Windpower 2012
Atlanta; American Wind Energy
Association (AWEA); 202-383-2500, www.windpowerexpo.org
July 11-12
NAED Congressional Fly-In
Washington, D.C.; National Association of Electrical Distributors (NAED), 314-991-9000, www.naed.org
July 19-21
NAED 2012 Lead Conference
Chicago; National Association of Electrical Distributors (NAED), 314-991-9000, www.naed.org
August 20-22
NAED 2012 AdVenture
Chicago; National Association of Electrical Distributors (NAED), 314-991-9000, www.naed.org
.... More events and information
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