Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nasdaq  >  Encore Wire Corporation    WIRE

Delayed Quote. Delayed  - 01/20 10:00:00 pm
41.75 USD   +1.21%
01/04 ENCORE WIRE COR : ex-dividend day
2016 ENCORE WIRE : 12.09.16 Cash Dividend
2016 ENCORE WIRE : Announces Cash Dividend
SummaryQuotesChartsNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Encore Wire : Encore Wire Celebrates Rod Production Milestone

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/12/2007 | 06:21pm CET

Encore Wire Corporation (NASDAQ/NMS:WIRE) announced today that the Company's Rod Mill recently eclipsed the two billion pound mark of copper rod produced since the mill commenced operations in June of 1998. Copper rod is rolled to a 5/16-inch diameter from molten copper and is the raw material consumed in the Company's wire mills to make building wire.

Commenting on the announcement, Daniel L. Jones, Company President and Chief Executive Officer said, ?We are very proud of our Rod Mill team and the milestone they have achieved. This achievement points out what a sound investment the Rod Mill has been. Prior to building the Rod Mill, we purchased rod to make wire, as most of Encore's building wire competitors still do today. The vertical integration we achieved by producing our own rod has resulted in significant cost savings. This vertical integration has been economically enhanced due to our single location manufacturing strategy, which eliminates the cost of shipping to multiple wire plants across the country. Our strong balance sheet and access to financing has enabled us to fund the Rod Mill and other cost saving projects. Beyond the facility itself, the key has been our industrious team of employees who run the equipment at exceptional efficiency levels. On behalf of the Board of Directors and our stockholders we congratulate the employees on an outstanding performance. We will continue to seek profit enhancing efficiencies in all segments of our operations.?

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

The matters discussed in this news release, other than the historical financial information, including statements about the copper pricing environment, profitability and stockholder value, may include forward-looking statements that involve risks and uncertainties, including fluctuations in the price of copper and other raw materials, the impact of competitive pricing and other risks detailed from time to time in the Company's reports filed with the Securities and Exchange Commission. Actual results may vary materially from those anticipated.


© Business Wire 2007
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ENCORE WIRE CORPORATION
01/04 ENCORE WIRE CORPORATION : ex-dividend day
2016 ENCORE WIRE : 12.09.16 Cash Dividend
2016 ENCORE WIRE : Announces Cash Dividend
2016 ENCORE WIRE : Announces Cash Dividend
2016 ENCORE WIRE : Presenting at Southwest IDEAS Investor Conference
2016 Low Voltage Cable Market worth 147.3 Billion USD by 2020, at a CAGR of 7.0%
2016 ENCORE WIRE : posts 3Q profit
2016 ENCORE WIRE CORP : Results of Operations and Financial Condition (form 8-K)
2016 ENCORE WIRE : Reports Third Quarter Results
2016 ENCORE WIRE : 10.20.16 Conference Call Announcement
More news
Sector news : Wires & Cables
01/03DJEATON : Files 8K - Changes Executive Management
2016DJEATON : Files 8K - Changes Executive Management
2016 FROM BOOKS TO BANKS : Investors place bets against Italy meltdown
2016DJJapan Shares a Bright Spot
2016DJSUBSCRIBERS : TE Connectivity CEO Announcement Is Old News
More sector news : Wires & Cables
News from SeekingAlpha
01/07 Encore Wire's LIFO Accounting Could Lead To A Big Miss On Q4 Report
01/04 Houston Wire & Cable May Be Past The Worst
2016 Copper Price Volatility Highlights The Need To Look Past Reported Earnings
2016 Behind Encore Wire's Sometimes Messy Numbers Is A Good Company
2016 Encore Wire declares $0.02 dividend
Advertisement
Financials ($)
Sales 2016 944 M
EBIT 2016 44,9 M
Net income 2016 35,8 M
Debt 2016 -
Yield 2016 0,19%
P/E ratio 2016 23,98
P/E ratio 2017 14,86
Capi. / Sales 2016 0,91x
Capi. / Sales 2017 0,82x
Capitalization 855 M
More Financials
Chart ENCORE WIRE CORPORATION
Duration : Period :
Encore Wire Corporation Technical Analysis Chart | WIRE | US2925621052 | 4-Traders
Full-screen chart
Technical analysis trends ENCORE WIRE CORPO...
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 2
Average target price 46,0 $
Spread / Average Target 12%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Daniel L. Jones Chairman, President & Chief Executive Officer
Frank J. Bilban CFO, Secretary, Treasurer & Vice President
Donald Eugene Courtney Director
Scott D. Weaver Independent Director
John H. Wilson Lead Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
ENCORE WIRE CORPORATIO..-4.84%855
PRYSMIAN SPA1.64%5 645
BEIJING SHOUGANG CO., ..--.--%5 289
JIANGSU ZHONGTIAN TECH..7.41%4 267
NEXANS7.27%2 512
ZHEJIANG WANMA CO LTD--.--%1 880
More Results