Encore Wire Reports Second Quarter Results
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Encore Wire (WIRE) Tops Q2 EPS by 3c, Revenues Beat
July 31, 2018 4:09 PM EDTEncore Wire (NASDAQ: WIRE) reported Q2 EPS of $0.68, $0.03 better than the analyst estimate of $0.65. Revenue for the quarter came in at $336.8 million versus the consensus estimate of $330.05 million.
Commenting on the results, Daniel L. Jones, Chairman, President and Chief Executive Officer of Encore Wire Corporation, said, We are pleased with our improved results in the second quarter and on a year to date comparison. There are some key items to note. Net sales dollars increased significantly, in both the quarterly and six month comparisons of 2018 to 2017. The increased top line was driven... More
