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Houston Wire & Cable Company Named One of Forbes Most Trustworthy Companies of 2012(May 07, 2012)
HOUSTON, TX -- (Marketwire) -- 05/07/12 -- Houston Wire & Cable Company (HWC) (NASDAQ: HWCC), a leading provider of electrical and mechanical wire and cable, has been honored with Forbes' prestigious Most Trustworthy Company Award for 2012. More than 8,000 companies traded on U.S. exchanges are reviewed by their accounting and governance score, or AGR, provided to Forbes by GovernanceMetrics International (GMI).
GMI's in depth analysis looks past just the raw data of income statements and balance sheets and examines company details to include: excessive executive compensation, high levels of management turnover, substantial insider trading relative to corporate peers, and level of short-term executive compensation encouraging focus on short-term results. In calculating the ARG score, the absence of negative events can count just as much as the existence of positive events.
"What these companies have in common is what they don't have: problems that indicate elevated risk," says GMI Chairman James A. Kaplan.
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.
About the Company
With 35 years experience in the industry, Houston Wire & Cable Company is one of the largest providers of wire and cable in the U.S. market. Headquartered in Houston, Texas, the Company has sales and distribution facilities strategically located throughout the nation.
Standard stock items available for immediate delivery include continuous and interlocked armor, instrumentation, medium voltage, high temperature, portable cord, power cables, private branded products, including LifeGuard, a low-smoke, zero-halogen cable, mechanical wire and cable and related hardware, including wire rope, lifting products and synthetic rope and slings.
Comprehensive value-added services include same-day shipping, knowledgeable sales staff, inventory management programs, just-in-time delivery, logistics support, customized internet-based ordering capabilities and 24/7/365 service.
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