This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Coleman Cable, Inc. Announces Record Second-Quarter 2013 Results, Including Adjusted EPS Of $0.47 And Adjusted EBITDA Of $25.1 Million

WAUKEGAN, Ill., Aug. 8, 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 second-quarter 2013 financial results.

  • Second-quarter 2013 Adjusted Earnings per Share (EPS) of $0.47 per diluted share, a record for the Company since becoming public in 2007.
  • Second-quarter 2013 Adjusted EBITDA of $25.1 million, a record for the Company.
  • First six-month 2013 Adjusted EPS growth of 18.3 percent versus the same period last year.

Outlook and Dividend
  • For the third quarter of 2013, the Company estimates sales between $230.0 million and $250.0 million and Adjusted EPS between $0.37 and $0.52.
  • Declared quarterly cash dividend of $0.04 per share payable on August 30, 2013, to stockholders of record as of the close of business on August 16, 2013.

Second-Quarter 2013 Results

Net sales for the second quarter of 2013 were $233.8 million compared to $231.2 million, an increase of $2.6 million, from the second quarter of 2012. Sales volume (measured in total pounds shipped, on a comparable basis) increased 3.8 percent for the second quarter of 2013 compared to the same period last year and increased 7.5 percent compared to the first quarter of 2013. The increase in net sales mainly reflects higher OEM segment sales, a greater contribution from the Company's Engineered Solutions segment, which includes two additional months of results for Watteredge, partially offset by lower Distribution segment sales due primarily to lower copper prices, which declined 8.5 percent for the second quarter on a year-over-year basis. Second-quarter 2013 Adjusted EPS and Adjusted EBITDA were $0.47 per diluted share and $25.1 million, respectively, compared to $0.46 per diluted share and $24.1 million, respectively, for the second quarter of 2012.

1 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs