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Encore Wire GAAP EPS of $10.71, revenue of $838.24M

  • Encore Wire press release (NASDAQ:WIRE): Q2 GAAP EPS of $10.71.
  • Revenue of $838.24M (+12.6% Y/Y).
  • Gross Profit of 38.3% in the second quarter of 2022; 36.2% YTD in 2022
  • Copper volume sold increased 2.7% over second quarter of 2021; increased 5.5% YTD over 2021 YTD levels
  • Cash on hand of $469.5 million as of June 30, 2022, up from $439.0 million as of December 31, 2021
  • Company repurchased 607,105 shares during the quarter; repurchased 1,108,022 shares YTD in 2022

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Encore Wire Corporation