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 (symbol: WIRE) is a leading manufacturer of residential, commercial, and industrial copper and aluminum electrical building wire. With a sprawling 425-acre single-campus facility that boasts over 2.1 million square feet under roof, Encore Wire ensures deep inventory levels and unparalleled delivery times. The company offers a diverse range of products such as NM-B cable, UF-B cable, THHN/THWN-2, XHHW-2, and RHH/RHW-2, among others, including specialized tray cable, metal-clad, and armored cable.
Encore Wire's principal customers are wholesale electrical distributors who provide building wire and various other products to electrical contractors. This positions Encore Wire as a critical supplier for major building projects, whether it be for homes, apartments, industrial complexes, or commercial buildings. The company's innovative solutions, such as its award-winning colored wire and the metal-clad and armored clad SmartColorID identification system, are designed to promote cost and labor savings while enhancing safety.
Recent achievements include the launch of cutting-edge wire pulling solutions aimed at streamlining electrical installations. Encore Wire’s commitment to innovation and quality has solidified its reputation in the market, earning industry accolades and customer loyalty.
Financially, Encore Wire has shown robust performance. The company maintains strong revenue streams and continues to reinvest in state-of-the-art manufacturing technology to retain its competitive edge. Strategic partnerships with key players in the electrical distribution market further bolster its market position.
Ongoing projects at Encore Wire focus on expanding product lines and enhancing manufacturing capabilities. These initiatives are part of the company’s broader strategy to meet the evolving needs of the electrical wiring industry and to deliver superior value to its customers.
Encore Wire Corporation (NASDAQ: WIRE) is set to release its first quarter 2022 earnings on April 28, 2022, after market close. A conference call is scheduled for April 29, 2022, at 11:00 a.m. Eastern, where management will discuss the results and conduct a Q&A session. Investors can participate by dialing 866-374-5140 with confirmation number 60158744#. Encore Wire manufactures a wide range of electrical building wire, focusing on customer service and low-cost production.
Encore Wire Corporation (NASDAQ: WIRE) has expanded its share repurchase authorization to 2,000,000 shares, effective until March 31, 2023. This increase from the previous 1,000,000 shares underscores the company's strong financial performance and commitment to shareholder value. The CEO, Daniel L. Jones, highlighted the company's record profitability and its strategic focus on growth, vertical integration, and cost-efficiency. The robust cash balance and free cash flow enable Encore Wire to enhance returns for its shareholders while maintaining a high level of customer service.
Encore Wire Corporation (NASDAQ: WIRE) has declared a two-cent cash dividend per share, to be paid on April 14, 2022, to stockholders of record as of April 1, 2022. CEO Daniel L. Jones emphasized the company's commitment to long-term growth and maintaining a strong balance sheet while stating that future dividends will depend on earnings and cash flow. Encore Wire is a leading manufacturer of a broad range of electrical building wire, focusing on customer service and low-cost production.
Encore Wire Corporation (WIRE) reported robust earnings for Q4 and the full year 2021. Q4 earnings per diluted share reached $6.91, with net income of $141.6 million, up from $24.1 million in the same quarter 2020. Full-year earnings per diluted share were $26.22, totaling net income of $541.4 million, compared to $76.1 million in 2020. The company increased copper volume sold by 3.9% in Q4 and 10.8% annually. Cash reserves grew significantly to $439 million, while repurchases totaled 475,557 shares in 2021. The company maintains a strong balance sheet with no long-term debt.
Encore Wire Corporation (NASDAQ: WIRE) announced it will release its fourth quarter and full year 2021 earnings on February 15, after market close. A conference call will be hosted the following day, February 16, at 11:00 a.m. Eastern to discuss the results. Participants can join by dialing 800-447-0521 with the confirmation number 50273460. Encore Wire specializes in manufacturing electrical wiring for commercial, industrial, and residential applications, prioritizing customer service and cost-effective production.
Encore Wire Corporation (NASDAQ: WIRE) has declared a two-cent cash dividend per share, set for payment on January 21, 2022. Stockholders on record by January 7, 2022 will receive this dividend. CEO Daniel L. Jones emphasized the company's dedication to enhancing long-term growth while safeguarding its robust balance sheet. Encore Wire specializes in manufacturing various electrical building wire used in multiple sectors, focusing on customer service and low-cost production.
Encore Wire Corporation (NASDAQ: WIRE) reported substantial financial growth for Q3 2021, with earnings per diluted share of $8.51 and net income of $175.5 million, compared to $21.0 million in Q3 2020. The company's net sales reached $716.3 million, a significant increase from $339.7 million in Q3 2020. Cash reserves stood at $294.9 million, with no long-term debt and strong margins due to increased copper prices. A share buyback of 393,379 shares was executed, indicating positive shareholder value enhancement. The company’s expansion plans are on schedule, anticipating further growth.
Encore Wire Corporation (NASDAQ: WIRE) will release its third quarter 2021 earnings on October 26 after market close. A conference call is scheduled for October 27 at 11:00 a.m. Eastern to discuss the results. Interested participants can join by calling 800-447-0521 with the confirmation number 50237127. A replay of the call will be available on the company’s website for a limited time. Encore Wire specializes in manufacturing electrical building wire for various sectors, focusing on customer service and low-cost production.
Encore Wire Corporation (NASDAQ: WIRE) announced that CFO Bret J. Eckert will present at the Sidoti & Company Fall Virtual Small Cap Investor Conference on September 23 at 9:15 am EDT. CEO Daniel L. Jones expressed excitement about the event, highlighting its potential to connect with hundreds of institutional investors. Encore Wire is a key manufacturer of electrical building wire, emphasizing customer service and low-cost production while expanding its product line.
Encore Wire Corporation (NASDAQ: WIRE) announced that CFO Bret J. Eckert will present at the D.A. Davidson 20th Annual Diversified Industrials & Services Conference on September 22nd at 11:00 am EDT. CEO Daniel L. Jones expressed enthusiasm about the opportunity to engage with institutional investors, highlighting the conference's significance. The company is known for manufacturing a wide range of electrical building wire for commercial and residential applications, focusing on exceptional customer service and low-cost production.
FAQ
What is the current stock price of Encore Wire (WIRE)?
What is the market cap of Encore Wire (WIRE)?
What products does Encore Wire Corp offer?
Who are the principal customers of Encore Wire Corp?
What is the SmartColorID system?
Where is Encore Wire Corp's manufacturing facility located?
What are some recent achievements of Encore Wire Corp?
How does Encore Wire Corp ensure quick delivery times?
Is Encore Wire Corp involved in any strategic partnerships?
What markets does Encore Wire Corp serve?
What innovations has Encore Wire Corp introduced?
What is the financial condition of Encore Wire Corp?
