HWCC Has Near-Term Downsides
As most of the leading economic and industrial indicators are hitting record lows when the coronavirus impact reaches its full potential, Houston Wire & Cable Company (HWCC) is making dramatic changes to its near-term strategic objectives. A cleaner balance sheet and margin preservation through expense reduction became the top priority for now.
Apart from restructuring its facilities and upgrading infrastructure, it plans to monetize working capital to reduce debt significantly by the end of FY2020. A lower debt structure will improve its leverage, which is critical at this juncture.