* Adjusted earnings per share (Adjusted EPS) of $0.08 per diluted share
 * Adjusted Earnings Before Interest, Taxes, Depreciation and
   Amortization (Adjusted EBITDA) of $13.5 million
 * Net income of $0.8 million, or $0.05 per diluted share
 * Sales of $133.8 million

Management Comments

"We are pleased to report Adjusted EPS of $0.08 and Adjusted EBITDA of $13.5 million for the third quarter, which represents the third consecutive quarter of sequential improvement," said Gary Yetman, president and CEO. "Our improved profitability on a sequential basis reflects in part the positive effect of recent cost reductions and capacity adjustments, the benefits of the seasonal uptick and increased demand levels within our Distribution segment, as well as the positive impact on profitability of our customer rationalization within our OEM segment."

Mr. Yetman added, "While still significantly below 2008 levels, we are also encouraged by continued stability in our volumes, which, measured in total pounds shipped, increased 10.5 percent on a sequential basis from the second quarter of 2009. We continue to believe that the improvements we have made in our business during the past year have us well positioned to benefit as the U.S. economy rebounds." Mr. Yetman concluded, "Our outlook remains cautious, however, as we believe economic conditions will remain challenging in the near term, and our results are likely to continue to be impacted by pricing pressures resulting from excess industry capacity and weak overall demand. These issues may be more prevalent in the fourth quarter where, relative to other quarters, industry-wide demand levels have historically been lower. Additionally, our visibility of when we may experience a sustained period of volume growth remains limited. Factoring in a continuation of the demand trends seen in the third quarter, stability in copper prices, and higher revenue from our recently introduced industrial cable products, we expect fourth-quarter 2009 Adjusted EBITDA to be between $11.0 million and $14.0 million and Adjusted EPS to be between $0.01 and $0.10 per diluted share."

Third-Quarter Financial Results Summary

For the third quarter of 2009, Coleman generated net income of $0.8 million, or $0.05 per diluted share, as compared to net income of $1.7 million, or $0.10 per diluted share, for the same period of 2008. The 2009 results include $1.7 million, or $(0.07) per diluted share, of restructuring charges, primarily lease and other holding costs related to facilities closed in 2008 and 2009, as well as expenses incurred relative to the closure of our East Longmeadow, Mass., manufacturing facility in May 2009, and our Oswego, New York, facility during the third quarter of 2009. Additionally, our third-quarter 2009 results included $0.3 million, or $(0.01) per diluted share, of asset impairment charges related to a property that is currently being held for sale. The Company's third-quarter 2009 results also included $0.7 million, or $0.03 per diluted share, related to the favorable impact of foreign currency exchange rates on our Canadian subsidiary, and a pre-tax gain of $0.4 million, or $0.02 per diluted share, on the repurchase of $2.2 million in par value of the Company's 9.875 percent Senior Notes at a discount to their par value. For the third quarter of 2008, net income included restructuring costs of $2.5 million, or $(0.09) per diluted share, primarily attributable to the integration of the Company's 2007 acquisitions, and $1.6 million, or $(0.06) per diluted share, for a reserve established for an insurance claim we filed related to thefts at a since-closed facility.

Excluding the above-noted items, the decline in third-quarter 2009 earnings versus the same quarter last year primarily reflects lower overall sales demand. Coleman reported net sales of $133.8 million for the third quarter of 2009 compared to net sales of $270.7 million in the same period last year, a decrease of 50.6 percent. Volume (total pounds shipped) decreased 41.3 percent in the third quarter of 2009 compared to the same prior-year period. These declines reflect a significant contraction in demand across the Company's business in the face of recessionary conditions, as well as the planned downsizing of Coleman's OEM segment. The negative impact of lower sales demand on net income was partially offset by a significant improvement in the Company's gross profit margin, reflecting in part a temporary margin expansion brought about by a relatively rapid rise in copper prices during the latter part of the third quarter of 2009 as well as improved gross margin within our OEM segment, lower selling, engineering, general and administrative expense, a decrease in intangible amortization expense, and reduced interest expense as a result of lower outstanding debt levels.

The Company's total debt (net of cash) was reduced by $101.3 million from $327.8 million at September 30, 2008, to $226.5 million at September 30, 2009.

Non-GAAP Results

In an effort to better assist investors in understanding Coleman's financial results, as part of this release, we also provide Adjusted Net Income, Adjusted EPS, and Adjusted EBITDA, all of which are measures not defined under accounting principles generally accepted in the United States (GAAP). Management believes these numbers are useful to investors in understanding the results of operations because they illustrate the impact that interest, taxes, depreciation, amortization, and other non-recurring and/or non-cash charges had on results. These terms are used in this release as they are calculated in the financial information set forth below.

Webcast

Coleman Cable has scheduled its conference call for Friday, November 6, 2009, at 10:00 a.m. Central time. Hosting the call will be Gary Yetman, president and CEO, and Richard Burger, executive vice president and CFO. A live broadcast of the Company's conference call, along with accompanying visuals, will be available on-line through the Company's Web site at http://investors.colemancable.com/events.cfm. The webcast will be archived for 90 days.

About Coleman Cable, Inc.

Coleman Cable, Inc.