Encore Wire (WIRE) Tops Q4 EPS by 8c, Beats on Revenue

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Encore Wire Reports Strong Fourth Quarter and Full Year 2023 Results

February 13, 2024 5:05 PM EST

Shipped Record Copper Pounds in Fourth Quarter; Represents Strongest Volume Quarter of 2023

MCKINNEY, Texas--(BUSINESS WIRE)-- Encore Wire Corporation (NASDAQ Global Select: WIRE) today announced results for the fourth quarter and year ended December 31, 2023.

Fourth Quarter and Full Year 2023 Highlights

Fourth Quarter Earnings per Diluted Share of $4.10; Full Year 2023 Earnings per Diluted Share of $21.62 Fourth Quarter Net income of $66.1 million; Full Year 2023 Net income of $372.4 million Fourth Quarter Gross profit of 21.5%; Full Year 2023 Gross profit of 25.5% Fourth Quarter... More