Does anyone have a comment on the difference between CMI and competition KEI industries? While KEI has other business segments, its cables business is about 75-80% of overall revenues. Raw material cost is clearly much higher for CMI than for KEI.
Yet CMI manages to have double the NPM of KEI. I would be interested to hear if anyone has a perspective on the difference in margins between the two companies. Needless to say, its important to understand such a significant difference in the two companies biggest raw material cost viz copper - whether the sourcing is different, or whether the product mix of the two companies is different needing different grades of copper.