The 2020 Mid-Year Economic Update_long

Encore Wire Sales Up 23.8% in 1Q

Profit increases 58.5 percent in first quarter.

Encore Wire Corp. (NASDAQ Global Select: WIRE), McKinney, TX, reported sales for the first quarter of $279.4 million, a 23.8 percent increase year-over-year. Profit for the quarter increased 58.5 percent to $13.6 million.

Copper unit volume, measured in pounds of copper contained in the wire sold, increased 8.1 percent in the first quarter of 2017 versus the first quarter of 2016. Aluminum unit volume was up 7.8 percent.

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