Encore Wire (WIRE) Tops Q1 EPS by 42c, Revenues Beat
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Encore Wire Reports First Quarter Results, Maintains Strong Balance Sheet and Liquidity
April 28, 2020 5:05 PM EDTMCKINNEY, Texas--(BUSINESS WIRE)-- Encore Wire Corporation (NASDAQ Global Select: WIRE) today announced results for the first quarter of 2020.
2020 First Quarter Highlights
Earnings per diluted share of $0.89 Net income of $18.6 million Cash on hand as of March 31, 2020 of $206.8 million No long-term debt and revolving credit line paid down to zero Company repurchased 439,112 shares during the quarter The Companys Board of Directors has declared a quarterly dividend of $0.02 per shareNet sales for the first quarter ended March 31, 2020 were... More
