Encore Wire (WIRE) Tops Q3 EPS by 42c, Revenue Beat

Go back to Encore Wire (WIRE) Tops Q3 EPS by 42c, Revenue Beat

Encore Wire Reports Third Quarter Results

October 30, 2018 4:05 PM EDT

MCKINNEY, Texas--(BUSINESS WIRE)-- Encore Wire Corporation (NASDAQ Global Select: WIRE) today announced results for the third quarter of 2018.

Net sales for the third quarter ended September30, 2018 were $340.7 million compared to $292.0 million during the third quarter of 2017. Copper unit volume, measured in pounds of copper contained in the wire sold, increased 16.1% in the third quarter of 2018 versus the third quarter of 2017, driving the $48.7 million increase in net sales dollars. The average selling price of wire per copper pound sold increased 0.9% in the third quarter of 2018 versus the third quarter of 2017. Net income... More