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

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
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 CEST

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
08/10 ENCORE WIRE CORPORATION (NASDAQ : WIRE) announces a quarterly dividend of $0.02
08/08 ENCORE WIRE : Announces Cash Dividend
08/02 ENCORE WIRE CORPORATION : Investor Network: Encore Wire Corporation to Host Earn..
08/02 ENCORE WIRE CORPORATION (NASDAQ : WIRE) reported earnings of $0.52 per share mis..
08/01 ENCORE WIRE : posts 2Q profit
08/01 ENCORE WIRE : 08.01.17 2nd Quarter Results
08/01 ENCORE WIRE CORPORATION (NASDAQ : WIRE) Files An 8-K Results of Operations and F..
08/01 ENCORE WIRE CORP : Results of Operations and Financial Condition (form 8-K)
08/01 ENCORE WIRE : Reports Second Quarter Results
07/28 ENCORE WIRE : 07.28.17 Conference Call Announcement
More news
News from SeekingAlpha
08/08 Encore Wire declares $0.02 dividend
08/05 Encore Wire's (WIRE) CEO Daniel Jones on Q2 2017 Results - Earnings Call Tran..
08/01 Encore Wire misses by $0.05, beats on revenue
07/31 Notable earnings after Tuesday?s close
06/09 Encore Wire declares $0.02 dividend
Financials ($)
Sales 2017 1 090 M
EBIT 2017 70,1 M
Net income 2017 44,6 M
Debt 2017 -
Yield 2017 0,21%
P/E ratio 2017 17,85
P/E ratio 2018 13,17
Capi. / Sales 2017 0,73x
Capi. / Sales 2018 0,69x
Capitalization 793 M
Chart ENCORE WIRE CORPORATION
Duration : Period :
Encore Wire Corporation Technical Analysis Chart | WIRE | US2925621052 | 4-Traders
Technical analysis trends ENCORE WIRE CORPORATION
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 2
Average target price 48,1 $
Spread / Average Target 26%
EPS 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
Sector and Competitors
1st jan.Capitalization (M$)
ENCORE WIRE CORPORATION-11.88%793
PRYSMIAN8.65%6 756
BEIJING SHOUGANG CO., LTD.--.--%5 829
JIANGSU ZHONGTIAN TECHNOLOGIES CO., LTD.7.50%5 204
EVE ENERGY CO LTD--.--%2 981
NEXANS-4.65%2 395