3 Years Ago
1 Min Read
WIRE decreasing -7% today. Here's what's happening:
Shares of Encore Wire Cp (WIRE) are trading -7% lower at a price of $128.21 at the time of this writing.
- Encore Wire Corporation CEO Daniel Jones announced Q2 EPS of $10.71 and revenue of $838M, an increase from Q1 EPS of $9.68 and revenue of $805M
- Q2 Gross profit 38%, +12% versus Q1
- Copper volume +2.7% compared to the same period last year
- See strong demand in wire products market
Encore Wire Cp has been trading between a 52-week high of $151.56 and a 52-week low of $78.53. The stock has a market cap of $2.45 Billion.
Encore Wire Corporation is a leading manufacturer of a broad range of electrical building wire for interior wiring in commercial and industrial buildings, homes, apartments, and manufactured housing. The Company focuses on maintaining a high level of customer service with low-cost production and the addition of new products that complement its current product line.
Headlines
Encore Wire Corporation (WIRE) CEO Daniel Jones on Q2 2022 Results - Earnings Call Transcript
Seeking Alpha 07-26-22
Encore Wire stock hits over 6-week high on strong Q2 results
Seeking Alpha 07-26-22
Encore Wire GAAP EPS of $10.71, revenue of $838.24M
Seeking Alpha 07-25-22
Encore Wire Reports Second Quarter Results; Increased Gross Profit Margins; Highlights Share Repurchases During 2022
Business Wire 07-25-22
A Preview Of Encore Wire''s Earnings
Benzinga 07-22-22
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