Encore Wire (WIRE) Misses Q2 EPS by 5c, Sales Beat
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Encore Wire Reports Second Quarter Results
August 1, 2017 4:05 PM EDTMCKINNEY, Texas--(BUSINESS WIRE)-- Encore Wire Corporation (NASDAQ Global Select: WIRE) today announced results for the second quarter of 2017 and the six months ending June 30, 2017.
Net sales for the second quarter ended June 30, 2017 were $291.5 million compared to $238.8 million during the second quarter of 2016. Copper unit volume, measured in pounds of copper contained in the wire sold, increased 8.0% in the second quarter of 2017 versus the second quarter of 2016. The average selling price of wire per copper pound sold increased 14.4% in the second quarter of 2017 versus the second quarter of 2016, driving the 22.1% increase in... More
