Encore Wire (WIRE) Tops Q4 EPS by 15c

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Go back to Encore Wire (WIRE) Tops Q4 EPS by 15c

Encore Wire Reports First Quarter Results

May 2, 2017 4:06 PM EDT

MCKINNEY, Texas--(BUSINESS WIRE)-- Encore Wire Corporation (NASDAQ Global Select: WIRE) today announced results for the first quarter of 2017.

Net sales for the first quarter ended March 31, 2017 were $279.4 million compared to $225.5 million during the first quarter of 2016. Copper unit volume, measured in pounds of copper contained in the wire sold, increased 8.1% in the first quarter of 2017 versus the first quarter of 2016. Aluminum unit volume was up 7.8% in the first quarter of 2017 versus the first quarter of 2016. Aluminum building wire sales constituted 8.7% of net sales dollars for the first quarter of 2017 versus 10.5% in... More