Encore Wire

Encore Wire Corp. engages in manufacturing copper electrical building wire and cable. The firm supplies building wire for interior electrical wiring in commercial and industrial buildings, homes, apartments and manufactured housing. It offers an electric building wire product line that consists primarily of NM-B cable, UF-B cable, THHN/THWN-2 and other types of wire products, including Metal Clad, Armored Cable, Photovoltaic Cable and Bare Copper. Its principal customers are wholesale electrical distributors, who sell building wire and a variety of other products to electrical contractors. The company was founded by Vincent A. Rego in 1989 and is headquartered in McKinney, TX.

Earnings data Q3 2020

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Encore Wire excels in 2022, eyes market share growth

Encore Wire's 2022 performance reflects financial strength and operational resilience, supported by a focus on efficiency, capacity expansion, and vertical integration. Despite challenges posed by material costs, the company's market presence, strong balance sheet, and strategic initiatives position it for continued success and growth in the evolving economic landscape.

Encore Wire reports Q1 sales decline, invests in growth opportunities

Encore Wire faced challenges with lower sales and profitability in Q1 2023 but remains confident in its business model and market opportunities.
The company's strategic investments in the XLPE facility and capacity expansions position it for growth and enhanced market competitiveness.
Maintaining operational resilience, customer service focus, and efficiency are key strengths driving Encore Wire's performance.
Navigating market dynamics, raw material price fluctuations, and demand trends are critical for sustaining profitability and growth.

Encore Wire excels in Q2 2023, faces margin challenges and growth opportunities

Encore Wire delivered a robust Q2 2023 performance with strong financial metrics and a focus on customer service excellence. While facing challenges such as margin abatement and stock volatility, the company remains optimistic about growth opportunities through vertical integration and market demand drivers.

Encore Wire reports resilient Q3 performance amidst market challenges

Encore Wire's Q3 performance reflects resilience amid market challenges, with a focus on customer service, operational agility, and long-term value creation. Strategic investments in efficiency, capacity expansion, and customer-centric initiatives position the company well for sustainable growth and value creation for shareholders.

Encore Wire reports record earnings driven by strong demand growth

Encore Wire's Q4 2023 earnings call showcased strong financial results, driven by increased demand for copper wire and cable, leading to record shipments and solid earnings per share.
The company's strategic focus on customer service, operational efficiency, and capacity expansion positions it well for future growth opportunities and market leadership.
While facing challenges in managing costs, margins, and market dynamics, Encore Wire's emphasis on long-term sustainability and shareholder value creation remains a key priority.

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Encore Wire Corp manufactures electrical building wires and cables. It provides building wire for interior electrical wiring in commercial and industrial buildings, as well as residential, apartment, and manufactured housing. The company's main customers are wholesale electrical wholesalers, who sell building wire and other items to electrical contractors. Encore provides an electrical building wire product line that includes NM-B cable, UF-B cable, THHN/THWN-2, XHHW-2, RHH/RHW-2, and other wire products such as tray cable, metal-clad cable, and armored cable.

Does Encore Wire (WIRE) have what it takes to be a top stock pick for momentum investors? Let's find out.

What Makes Encore Wire (WIRE) a Strong Momentum Stock: Buy Now?

Encore Wire Corporation (NASDAQ:WIRE ) Q2 2022 Earnings Conference Call July 26, 2022 11:00 AM ET Company Participants Bret Eckert - CFO Daniel Jones - President, CEO and Chairman of the Board Conference Call Participants Brent Thielman - D.A. Davidson Julio Romero - Sidoti & Company Bill Baldwin - Baldwin Anthony Securities Operator Welcome to the Encore Wire Reports Second Quarter 2020 Results Conference Call.

Encore Wire Corporation (WIRE) CEO Daniel Jones on Q2 2022 Results - Earnings Call Transcript

MCKINNEY, Texas--(BUSINESS WIRE)--Encore Wire Corporation (NASDAQ Global Select: WIRE) today announced results for the second quarter of 2022. Second Quarter and YTD 2022 Highlights Second Quarter Earnings per diluted share of $10.71; YTD Earnings per diluted share of $18.62 Second Quarter Net income of $210.5 million; YTD Net income of $372.1 million Gross Profit of 38.3% in the second quarter of 2022; 36.2% YTD in 2022 Copper volume sold increased 2.7% over second quarter of 2021; increased 5

Encore Wire Reports Second Quarter Results; Increased Gross Profit Margins; Highlights Share Repurchases During 2022

Encore Wire's raw material cost has been declining at a great time, increasing profitability. WIRE's 2021 net sales doubled from the previous year and gross profits quadrupled.

Encore Wire Still Unappreciated After Major 2021 Earnings

Encore Wire's (WIRE) Q2 earnings will likely reflect benefits from strong shipment volumes for copper and aluminum wire, manufacturing capacity expansions and cost-reduction actions.

Encore Wire (WIRE) to Post Q2 Earnings: What's in Store?

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Is Encore Wire (WIRE) a Suitable Stock for Value Investors?

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Encore is a wire and cable manufacturing company that rallied behind the copper price hike in 2021 and garnered a 51% price return in the previous 52 weeks. The company is investing in its manufacturing and operational capabilities to achieve a higher volume growth and market share to avoid overly relying on high prices.

Encore Wire: A Long-Term Deep Value Play

Encore easily beats earnings estimates in the first quarter. The absence of debt and the demand push to keep on increasing manufacturing capabilities is bullish long term.

Encore Wire Looks Like It Is Only Getting Started

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Here's Why Momentum Investors Will Love Encore Wire (WIRE)

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Encore Wire Corporation (NASDAQ:WIRE ) Q1 2022 Earnings Conference Call April 29, 2022 11:00 AM ET Company Participants Bret Eckert - Chief Financial Officer Daniel Jones - President, CEO and Chairman of the Board Conference Call Participants Brent Thielman - D.A. Davidson Julio Romero - Sidoti and Company Operator Welcome to the Encore Wire Reports First Quarter 2022 Results Conference Call.

Encore Wire Corporation (WIRE) CEO Daniel Jones on Q1 2022 Results - Earnings Call Transcript

MCKINNEY, Texas--(BUSINESS WIRE)--Encore Wire Corporation (NASDAQ Global Select: WIRE) today announced results for the first quarter of 2022. First Quarter 2022 Highlights First Quarter Earnings per diluted share of $7.96 First Quarter Net income of $161.5 million Gross profit margin abatement remained gradual in the first quarter of 2022 Gross profit of 33.7% in first quarter of 2022; 34.2% in fourth quarter of 2021 Copper volume sold increased 8.6% over first quarter of 2021; increased 2.8% o

Encore Wire Reports First Quarter Results; Continued Strong Gross Profit Margins; Highlights Share Repurchases During Quarter

Encore Wire is near a possible buy zone ahead of its earnings report expected around Apr. 26 . The post Earnings Season Preview: Encore Wire Near Buy Zone With Quarterly Report Due appeared first on Investor's Business Daily.

Earnings Season Preview: Encore Wire Near Buy Zone With Quarterly Report Due

News for Encore Wire Stock (WIRE)