Encore Wire Reports Fourth Quarter Results

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Go back to Encore Wire Reports Fourth Quarter Results

Encore Wire (WIRE) Tops Q4 EPS by 45c, Revenues Beat

February 19, 2019 4:06 PM EST

Encore Wire (NASDAQ: WIRE) reported Q4 EPS of $1.20, $0.45 better than the analyst estimate of $0.75. Revenue for the quarter came in at $319.7 million versus the consensus estimate of $296.4 million.

Commenting on the results, Daniel L. Jones, Chairman, President and Chief Executive Officer, said, We are pleased to report a great fourth quarter and full year. Our unit sales were up for the year. The $3.74 of EPS in 2018 is a 43% increase over the $2.61 EPS in 2017 (from core operations, net of the federal tax cut), and represents the... More