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Encore Wire - WIRE STOCK NEWS

Welcome to our dedicated page for Encore Wire news (Ticker: WIRE), a resource for investors and traders seeking the latest updates and insights on Encore Wire stock.

Encore Wire Corporation (WIRE) delivers essential electrical building wire solutions for residential, commercial, and industrial markets through its vertically integrated manufacturing operations. This news hub provides investors and industry professionals with timely updates on corporate developments, financial performance, and technological advancements shaping the electrical construction sector.

Access authoritative coverage of earnings reports, product innovations like the SmartColorID identification system, and strategic initiatives impacting WIRE's market position. Our curated news collection simplifies tracking of operational milestones, including supply chain enhancements and safety-focused engineering breakthroughs.

Discover updates on copper/aluminum wiring applications, inventory management strategies, and industry recognition for operational excellence. Content spans quarterly financial disclosures, leadership announcements, and analysis of manufacturing trends affecting the broader construction ecosystem.

Bookmark this page for streamlined monitoring of WIRE's developments in electrical infrastructure solutions. Check regularly for neutral, factual reporting on innovations that address critical challenges in modern building projects.

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Encore Wire (NASDAQ: WIRE) announced a 2-cent per share cash dividend, declared by its Board of Directors. The dividend will be paid on July 19, 2024, to stockholders of record as of July 5, 2024. Daniel L. Jones, Chairman, President, and CEO, emphasized the company's commitment to low-cost production and exceptional customer service. Encore Wire manufactures a wide range of copper and aluminum electrical wire and cables, proudly made in America at their Texas campus. Contact Bret J. Eckert, CFO, for more information.

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Encore Wire (WIRE) reported first-quarter results with earnings per diluted share of $3.92 and net income of $63.3 million. Despite a decrease in net sales compared to the previous year, the company experienced an increase in copper and aluminum unit volumes shipped. Gross profit percentage decreased from the previous year due to lower average selling prices. The company's cash on hand increased to $614.1 million as of March 31, 2024. Encore Wire remains committed to reinvesting in the business by expanding capacity, efficiency, and vertical integration, with total capital expenditures expected to range from $130 - $150 million in 2024.
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Encore Wire has agreed to be acquired by Prysmian for $290.00 per share in cash, representing a premium of 20% to the 30-day VWAP and 29% to the 90-day VWAP. The implied Enterprise Value is approximately €3.9 billion, with expected synergies. The transaction is expected to bring significant benefits to both companies and stakeholders.
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Encore Wire Corporation (WIRE) declares a cash dividend of two cents per share, to be paid on April 19, 2024, to stockholders of record as of April 5, 2024. The Company will continue to pay future dividends based on earnings and cash flow, focusing on long-term growth and maintaining a strong balance sheet.
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Encore Wire Corporation (NASDAQ: WIRE) reported strong results for the fourth quarter and full year 2023, with record copper pounds shipped. The company achieved earnings per diluted share of $4.10 in Q4 and $21.62 for the full year. Net income was $66.1 million in Q4 and $372.4 million for 2023. The company repurchased shares and had $560.6 million in cash as of December 31, 2023, with no long-term debt. Despite a decrease in net sales, the company's copper unit volumes increased, but gross profit margin decreased due to lower average selling prices. The company remains committed to returning capital to shareholders and investing in organic projects for future growth.
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Encore Wire Corporation (WIRE) announced the release of its fourth quarter and full year 2023 earnings on February 13, 2024, after the stock market close. The company will host a conference call on February 14, 2024, to discuss the results and conduct a Q&A session. Encore Wire Corporation is a leading manufacturer of copper and aluminum electrical wire and cables, focusing on low-cost production and exceptional customer service. The company's products are made in America at its Texas campus.
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Encore Wire Corporation (NASDAQ: WIRE) declares a two-cent per share cash dividend, payable on January 19, 2024, to stockholders of record as of January 5, 2024. The dividend is subject to future earnings and cash flow. The company emphasizes its commitment to long-term management and protecting its strong balance sheet. Encore Wire is a leading manufacturer of copper and aluminum electrical wire and cables, focusing on low-cost production and exceptional customer service.
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Encore Wire Corporation announces third quarter 2023 results, with earnings per diluted share of $4.82 and net income of $82.1 million. Gross profit percentage for the quarter was 23.3%. Company repurchased 710,083 shares during the quarter. Net sales for the quarter were $637.0 million, a decrease compared to the same quarter last year. Copper unit volume increased 6.4%.
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Encore Wire Corporation to release third quarter 2023 earnings
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Encore Wire Corporation (NASDAQ: WIRE) has declared a cash dividend of two cents per share. The dividend will be paid on October 20, 2023, to stockholders of record as of October 6, 2023. Future dividends will be subject to earnings and cash flow considerations. Encore Wire Corporation is a leading manufacturer of copper and aluminum electrical wire and cables, focusing on low-cost production and exceptional customer service.
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Encore Wire

Nasdaq:WIRE

WIRE Rankings

WIRE Stock Data

4.58B
14.74M
7.45%
102.48%
4.78%
Electrical Equipment & Parts
Rolling Drawing & Extruding of Nonferrous Metals
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United States
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