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Encore Wire Corp. (NASDAQ Global Select: WIRE), McKinney, TX, reported sales for 2012 of $1.1 billion, a 9.2 percent decrease from 2011. Profit decreased 60.5 percent to $19.8 million.
Fourth-quarter sales were $258 million, an increase of 3.9 percent. Profit fell 68 percent to $5.2 million.
“The fourth quarter of this year was another fairly steady volume quarter, considering the time of the year and the current economic and construction industry environment. We believe our expansion of product offerings over the last six years to our existing customer base has been critical to maintaining and perhaps boosting our market share," said Daniel L. Jones, president and CEO.