Encore Wire (WIRE) Tops Q3 EPS by $5.60
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Encore Wire Reports Third Quarter Results; Strong Free Cash Flow; Highlights Share Repurchases During Quarter
October 26, 2021 5:05 PM EDTMCKINNEY, Texas--(BUSINESS WIRE)-- Encore Wire Corporation (NASDAQ Global Select: WIRE) today announced results for the third quarter of 2021.
Third Quarter and YTD 2021 Highlights
Third Quarter Earnings per diluted share of $8.51; YTD Earnings per diluted share of $19.31 Third Quarter Net income of $175.5 million; YTD Net income of $399.8 million Copper volume sold increased 7.9% over third quarter of 2020; Increased 13.3% YTD over 2020 YTD levels Cash on hand of $294.9 million as of September 30, 2021; up from $157.9 million as of June 30, 2021 Company repurchased 393,379 shares during the... More