Need Help? (888) 742-5060

In The News:

Encore Wire Sales, Profit Grow on Higher Wire Prices

Encore Wire Corp. (NASDAQ Global Select: WIRE), McKinney, TX, reported sales for the second quarter were $236.1 million, an increase of 48 percent over second quarter 2009. Profit was $8.1 million, compared to $0.6 million for the same period a year ago.

Higher prices for building wire sold in the quarter accounted for most of the increase in net sales dollars, increasing 44.9 percent per copper pound sold versus the same period in 2009. Unit volume increased 2.3 percent.

Sales for the six months were $411.3 million, up 35 percent compared to the same period in 2009. Profit increased 10 percent to $5.7 million.

Prices for building wire increased 59.2 percent per copper pound versus the same period in 2009. Unit volume decreased 14.9 percent.

Encore Wire manufactures a broad range of copper electrical wire for interior wiring in homes, apartments, manufactured housing and commercial and industrial buildings.

© 2019 Gale Media, Inc.

Please do not reprint MDM's content on your website without MDM's express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or print reprints, visit MDM welcomes inbound links from your site. Please cite Modern Distribution Management.

2018-top-distributors-listThe 2018 Top Distributors List

This free PDF includes lists of top distribution companies across 14 sectors.

You will also receive MDM Update, our daily distribution e-newsletter & other distribution-focused content.

Download the Free PDF now >>

MDM-UpdateMDM Update: Daily Newsletter 

Sign up to read the best source for news & trends in wholesale distribution, MDM Update. Delivered daily to your inbox. 

Sign-up for MDM Update >>

Partner Center