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Stock impact report

Encore Wire Reports First Quarter Results [Yahoo! Finance]

Encore Wire Corporation (WIRE) 
Last encore wire corporation earnings: 4/28 05:05 pm Check Earnings Report
US:NASDAQ Investor Relations: encorewire.com/investors
Company Research Source: Yahoo! Finance
First Quarter Highlights First Quarter Earnings per diluted share of $3.92 First Quarter Net Income of $63.3 million Gross Profit of 21.5% in the first quarter of 2024; 31.1% in the first quarter of 2023 Copper volume shipped in the first quarter of 2024 increased 19.7% over the first quarter of 2023 Cash on hand of $614.1 million as of March 31, 2024; $560.6 million as of December 31, 2023 Capital expenditures of $34.2 million in the first quarter of 2024 Net sales for the first quarter ended March 31, 2024 were $632.7 million compared to $660.5 million in the first quarter ended March 31, 2023. Copper unit volume, measured in pounds of copper contained in the wire sold, increased 19.7% in the first quarter of 2024 versus the first quarter of 2023. Aluminum unit volume also increased in the first quarter of 2024 versus the first quarter of 2023. The decrease in net sales dollars was driven by an anticipated decrease in the average selling prices in the first quarter of Show less Read more
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