Encore Wire (WIRE) Misses Q2 EPS by 10c
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Encore Wire Reports Second Quarter and Year to Date Results, Strengthens Balance Sheet and Liquidity
July 29, 2020 5:05 PM EDTMCKINNEY, Texas--(BUSINESS WIRE)-- Encore Wire Corporation (NASDAQ Global Select: WIRE) today announced results for the second quarter of 2020.
Second Quarter and YTD 2020 Highlights
Second Quarter Earnings per diluted share of $0.60; YTD Earnings per diluted share of $1.50 Second Quarter Net income of $12.3 million; YTD Net income of $31.0 million Cash on hand of $250.4 million as of June 30, 2020; increase of $43.6 million during the quarter Current Ratio of 8.92 as of June 30, 2020 No long-term debt and revolving credit line paid down to zero Company... More