Encore Wire (WIRE) Tops Q2 EPS by 744c
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Encore Wire Reports Record Second Quarter Results; Increased Volumes; Announces Accelerated Capital Expenditure Plan
July 27, 2021 5:05 PM EDTÂ
MCKINNEY, Texas--(BUSINESS WIRE)-- Encore Wire Corporation (NASDAQ Global Select: WIRE) today announced results for the second quarter of 2021.
Second Quarter and YTD 2021 Highlights
Second Quarter Earnings per diluted share of $8.82; YTD Earnings per diluted share of $10.81 Second Quarter Net income of $183.1 million; YTD Net income of $224.2 million Copper volumes sold increased 33.4% over second quarter of 2020 Cash on hand of $157.9 million as of June 30, 2021 Current Ratio of 4.62 as of June 30, 2021 No long-term debt and revolving credit line paid... More