HWCC Can Stay Steady
Houston Wire & Cable Company (HWCC) is an industrial distributor of electrical and mechanical wire and cable, industrial fasteners, hardware, and related services, including wire rope, lifting products, and synthetic rope and slings, etc. Following up with the negative effects of the tariff war with China since April 2019, the company's operating margin can erode further in Q4. Plus, the effects of metal price deflation will only add to the pressure on margin. Although various cost-reduction initiatives can offset the pressure on gross margin, I do not think it