Houston Wire & Cable Company reported unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported net loss of $453,000 against $184,000 a year ago. Diluted loss per share was $0.03 compared to $0.01 in the prior year quarter. Sales were $78,709,000 against $64,711,000 a year ago. Operating loss was $250,000 against $39,000 a year ago. Loss before income taxes was $700,000 against $214,000 a year ago. Net cash used in operating activities was $10,477,000 against net cash provided by operating activities of $7,586,000 a year ago. Expenditures for property and equipment were $930,000 against $337,000 a year ago. EBITDA for the quarter, when adjusted for the integration expenses and the imagery step-up, reached $1.2 million, up from the $700,000 level in first quarter of 2016.

The company still projecting a total CapEx of $1.8 million for 2017.