Encore Wire (WIRE) Tops Q3 EPS by 27c
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Encore Wire Reports Third Quarter and Year to Date Results, Maintains Balance Sheet and Liquidity Strength
October 27, 2020 5:15 PM EDTMCKINNEY, Texas--(BUSINESS WIRE)-- Encore Wire Corporation (NASDAQ Global Select: WIRE) today announced results for the third quarter of 2020.
Third Quarter and YTD 2020 Highlights
Third Quarter Earnings per diluted share of $1.02; YTD Earnings per diluted share of $2.51 Third Quarter Net income of $21.0 million; YTD Net income of $52.0 million Cash on hand of $217.1 million as of September 30, 2020 Current Ratio of 5.88 as of September 30, 2020 No long-term debt and revolving credit line paid down to zero Company repurchased 441,250 shares year-to-date The Companys... More