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.

A recent miss and lower earnings estimates have pushed this stock to the lowest Zacks Rank.

Bear Of The Day: Encore Wire (WIRE)

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MCKINNEY, Texas--(BUSINESS WIRE)--Encore Wire Corporation (NASDAQ Global Select: WIRE) (“Encore Wire” or the “Company”) today announced results for the second quarter of 2023. Second Quarter and YTD 2023 Highlights Second Quarter Earnings per diluted share of $6.01; YTD Earnings per diluted share of $12.53 Second Quarter Net Income of $104.7 million; YTD Net Income of $224.2 million Gross Profit of 26.1% in the second quarter of 2023; 28.6% YTD in 2023 Cash on hand of $667.8 million as of June.

Encore Wire Reports Strong Second Quarter Results; Highlights Share Repurchases During Quarter; Board Increases Share Repurchase Authorization

Higher copper and aluminum material prices have been passed on to Encore Wire Corporation customers, allowing for a surge in revenue and profits. Encore's customers are diversified, allowing it greater leverage in its negotiations. Demand for copper wire continues to grow as the demand for electricity and renewables rises.

Encore Wire And Its Real Value

Encore Wire's (WIRE) Q2 performance is likely to have been hurt by softness in copper wire unit volumes. An increase in aluminum spreads is likely to have partly offset this adversity.

What's in the Offing for Encore Wire (WIRE) in Q2 Earnings?

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Both companies have growth initiatives in the renewable sector and global electrification. Encore Wire Corporation has a market cap of $3.09 billion, a price-to-free cash flow of 4.43, and a 5-year average ROIC of 18.86%. Both companies have growth initiatives in the renewable sector and the global electrification.

Unleashing The Power Of The Small: Atkore Vs. Encore Wire

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If you are looking for stocks that are well positioned to maintain their recent uptrend, Encore Wire (WIRE) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.

Encore Wire (WIRE) is on the Move, Here's Why the Trend Could be Sustainable

From a technical perspective, Encore Wire (WIRE) is looking like an interesting pick, as it just reached a key level of support. WIRE recently overtook the 20-day moving average, and this suggests a short-term bullish trend.

Encore Wire (WIRE) Just Overtook the 20-Day Moving Average

Encore Wire (WIRE) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, WIRE broke out above the 50-day moving average, suggesting a short-term bullish trend.

Encore Wire (WIRE) Crossed Above the 50-Day Moving Average: What That Means for Investors

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Encore Wire's total shareholder return was over 210% over the last five years, compared to more than 58% for the S&P 500 and nearly 53% for the Russell 3000. The company has enjoyed high growth rates and rising profitability over that period.

Encore Wire Can Electrify Your Portfolio

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The heavy selling pressure might have exhausted for Encore Wire (WIRE) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

Down -15.65% in 4 Weeks, Here's Why Encore Wire (WIRE) Looks Ripe for a Turnaround

Encore Wire Corporation (WIRE) Q1 2023 Earnings Call Transcript.

Encore Wire Corporation (WIRE) Q1 2023 Earnings Call Transcript

MCKINNEY, Texas--(BUSINESS WIRE)--Encore Wire Corporation (NASDAQ Global Select: WIRE) today announced results for the first quarter of 2023. First Quarter 2023 Highlights First Quarter Earnings per diluted share of $6.50 First Quarter Net Income of $119.5 million Gross Profit of 31.1% in the first quarter of 2023; 33.7% in the first quarter of 2022 Cash on hand of $697.4 million as of March 31, 2023; $730.6 million as of December 31, 2022 Capital expenditures of $31.8 million in 2023 Company r.

Encore Wire Reports First Quarter Results; Highlights Continued Share Repurchases During 2023

Encore Wire's (WIRE) first-quarter 2023 performance is likely to have benefited from higher aluminum unit volumes. Lower copper spreads might have weighed on the same.

Here's What to Expect From Encore Wire (WIRE) in Q1 Earnings

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News for Encore Wire Stock (WIRE)