Encore Wire Corporation reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 636.99 million compared to USD 762.36 million a year ago. Net income was USD 82.05 million compared to USD 191.77 million a year ago. Basic earnings per share from continuing operations was USD 4.93 compared to USD 10.11 a year ago. Diluted earnings per share from continuing operations was USD 4.82 compared to USD 9.97 a year ago.
For the nine months, sales was USD 1,933.94 million compared to USD 2,323.67 million a year ago. Net income was USD 306.28 million compared to USD 563.84 million a year ago. Basic earnings per share from continuing operations was USD 17.73 compared to USD 28.98 a year ago. Diluted earnings per share from continuing operations was USD 17.4 compared to USD 28.57 a year ago.