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Coleman Cable, Inc. Announces Record Earnings Results For The Fourth Quarter And Full-Year 2012

WAUKEGAN, Ill., March 7, 2013 (GLOBE NEWSWIRE) -- Coleman Cable, Inc. (Nasdaq:CCIX) (the "Company," "Coleman," "we," "us," or "our"), a leading manufacturer and innovator of electrical and electronic wire and cable products, announced fourth quarter and full-year 2012 financial results.

Fourth-Quarter 2012 Highlights
  • Earnings per share (EPS) of $0.38 per diluted share, an increase of $0.30 versus $0.08 for 2011;
  • Adjusted EPS of $0.40 per diluted share, an increase of $0.33 per diluted share, as compared to $0.07 per diluted share for the fourth quarter of last year;
  • Adjusted EBITDA of $23.4 million in the fourth quarter of 2012, an increase of 66.0 percent versus $14.1 million in the fourth quarter of 2011;
  • Sales increased to $233.6 million, up 12.9 percent compared to the fourth quarter of last year.

Full-Year 2012 Highlights
  • EPS of $1.34 per diluted share, a record for the Company since first becoming a public company in 2007, representing an increase of 35.4 percent versus $0.99 for 2011;
  • Adjusted EPS of $1.48 per diluted share, a record for the Company, representing an increase of 23.3 percent versus $1.20 for 2011;
  • Adjusted EBITDA of $88.7 million, a record for the Company, representing an increase of 12.8 percent versus $78.6 million in 2011;
  • Sales increased to $914.6 million, up 5.4 percent compared to 2011.

Outlook and Dividend
  • For the first quarter of 2013, the Company estimates sales between $215.0 million and $225.0 million and Adjusted EPS between $0.24 and $0.37;
  • Declared a quarterly cash dividend of $0.02 per common share payable on March 30, 2013, to stockholders of record as of the close of business on March 15, 2013.

Fourth Quarter 2012 Results

Net sales for the fourth quarter of 2012 were $233.6 million compared to $206.9 million for the fourth quarter of 2011, with the increase mainly reflecting increased sales volumes and higher average copper prices. Sales volume (measured in total pounds shipped, on a comparable basis) increased 6.0 percent for the fourth quarter of 2012 compared to the same period last year. Fourth quarter 2012 Adjusted EPS and Adjusted EBITDA were $0.40 per diluted share and $23.4 million, respectively, compared to $0.07 per diluted share and $14.1 million, respectively, for the same quarter of 2011.

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