Encore Wire

OverviewSuggest Edit

Encore Wire is a company that manufactures copper and aluminum, residential, commercial, and industrial building wire. It offers a range of products, including inners, armored cables, reels, conduits, etc. The company serves clean energy, construction, data center, healthcare, power, and other markets.
TypePublic
Founded1989
HQMcKinney, TX, US
Websiteencorewire.com
Employee Ratings3.2
Overall CultureA-

Latest Updates

Employees (est.) (Dec 2021)1,440(+12%)
Job Openings11
Revenue (FY, 2021)$2.6 T(+202941%)
Share Price (Aug 2022)$138.2
Cybersecurity ratingBMore
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Key People/Management at Encore Wire

Daniel L. Jones

Daniel L. Jones

Chairman of the Board of Directors, President and Chief Executive Officer
Bret J. Eckert

Bret J. Eckert

Vice President — Finance, Treasurer, Secretary and Chief Financial Officer
William Bigbee

William Bigbee

VP Operations
Kevin Kieffer

Kevin Kieffer

VP Sales and Marketing
Derick Hutchins

Derick Hutchins

Vice President
Kevin Heffernan

Kevin Heffernan

VP Sales
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Encore Wire Office Locations

Encore Wire has an office in McKinney
McKinney, TX, US (HQ)
1329 Millwood Rd
Show all (1)

Encore Wire Financials and Metrics

Encore Wire Revenue

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View revenue for all periods
Encore Wire's revenue was reported to be $2.59 t in FY, 2021 which is a 202940.5% increase from the previous period.
USD

Revenue (Q1, 2022)

723.1m

Gross profit (Q1, 2022)

243.7m

Gross profit margin (Q1, 2022), %

33.7%

Net income (Q1, 2022)

161.5m

EBIT (Q1, 2022)

207.5m

Market capitalization (1-Aug-2022)

2.8b

Closing stock price (1-Aug-2022)

138.2

Cash (31-Mar-2022)

466.1m
Encore Wire's current market capitalization is $2.8 b.
Annual
USDFY, 2019FY, 2020FY, 2021

Revenue

1.3b1.3b2.6t

Revenue growth, %

(1%)0%202940%

Cost of goods sold

1.1b1.1b1.7t

Gross profit

166.0m194.5m86.8b
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Revenue

302.8m253.6m339.7m444.1m744.4m716.3m723.1m

Cost of goods sold

257.0m217.1m286.2m359.6m467.1m445.6m479.3m

Gross profit

45.8m36.5m53.5m84.5m277.3m270.8m243.7m

Gross profit Margin, %

15%14%16%19%37%38%34%
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

231.0m183.1m439.0m

Accounts Receivable

223.1m275.8m491.1m

Prepaid Expenses

1.9m2.7m3.2m

Inventories

89.7m92.3m100.8m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Cash

206.8m250.4m217.1m155.0m157.9m294.9m466.1m

Accounts Receivable

224.1m192.1m257.2m348.7m574.2m536.2m549.4m

Prepaid Expenses

4.0m3.6m3.2m2.3m3.3m4.1m3.4m

Inventories

90.6m87.9m87.2m90.3m87.9m90.7m116.3m
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

58.1m76.1m541.4m

Depreciation and Amortization

17.7m19.5m23.3m

Inventories

12.7m(2.6m)(8.5m)

Accounts Payable

2.0m7.6m66.9m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Net Income

18.6m31.0m52.0m41.2m224.2m399.8m161.5m

Depreciation and Amortization

4.6m9.3m14.3m5.3m11.0m17.2m6.2m

Inventories

(884.0k)1.8m2.5m2.0m4.4m1.6m(15.5m)

Accounts Payable

(16.3m)(21.5m)11.8m9.8m47.2m50.7m(24.2m)
USDFY, 2019

Revenue/Employee

923.9k

Financial Leverage

1.1 x

P/E Ratio

20.7
Show all financial metrics

Encore Wire Operating Metrics

FY, 2019FY, 2020FY, 2021

Floor Space, square feet

2.1 m2.1 m2.8 m

Land Owned, acres

445445449

Encore Wire Cybersecurity Score

Cybersecurity ratingPremium dataset

B

84/100

SecurityScorecard logo

Encore Wire Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Encore Wire Online and Social Media Presence

Embed Graph

Encore Wire Company Culture

  • Overall Culture

    A-

    75/100

  • CEO Rating

    B

    70/100

  • Compensation

    A

    84/100

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Encore Wire News and Updates

Virtual Care Provider MyTelemedicine Receives Encore Wire Award for Business Expansion

MCKINNEY, Texas, May 5, 2021 /PRNewswire/ -- In recognition of the company's significant contribution to the job market and local economy, MyTelemedicine received the 2020 Business Retention and Expansion Program Encore Wire Award from the McKinney Economic Development Corporation (MEDC)...

Encore Wire Co. (NASDAQ:WIRE) Short Interest Down 27.5% in March

Encore Wire Co. (NASDAQ:WIRE) was the recipient of a significant drop in short interest in March. As of March 15th, there was short interest totalling 251,800 shares, a drop of 27.5% from the February 28th total of 347,500 shares.

Electric Wire and Cable Market in North America to Grow by USD 1.33 Billion During 2021-2025|Technavio

The electric wire and cable market in North America is expected to grow by USD 1.33 billion during 2021-2025, as per Technavio. This marks a significant market slow down compared to the 2020 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020.

Encore Wire Presenting at Sidoti & Company’s Spring 2021 Virtual Investor Conference

Encore Wire Corporation (NASDAQ Global Select: WIRE) announced today that the Company’s Chief Financial Officer, Mr. Bret J. Eckert, will be presenting at Sidoti & Company’s Spring 2021 Virtual Investor Conference on Wednesday, March 24th at 11:30 am EDT.

Encore Wire Reports Fourth Quarter and Full Year 2020 Results

Encore Wire Corporation (NASDAQ Global Select: WIRE) today announced results for the fourth quarter and year ended December 31, 2020.

XLPE Cable Market Key players Brugg Kabel, Encore Wire, Relemac Technologies like are making huge investment

Pune, India, 19th October 2018: WiseGuyReports announced addition of new report, titled “Global XLPE Cable Market Research Report: Forecast to 2023”. Posted via Industry Today. Follow us on Twitter @IndustryToday
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Encore Wire Blogs

D.A. Davidson Conference

MCKINNEY, TX – Encore Wire Corporation (NASDAQ Global Select: WIRE) announced today that the Company’s Chief Financial Officer, Mr. Frank […]

CHIEF FINANCIAL OFFICER TO RETIRE

MCKINNEY, TX – Encore Wire Corporation (NASDAQ Global Select: WIRE) announced today that the Company’s Vice President and Chief Financial […]

2nd Quarter Results

MCKINNEY, TX – Encore Wire Corporation (NASDAQ Global Select: WIRE) today announced results for the second quarter of 2019. Read […]

Antidumping Ruling

McKinney, TX – Encore Wire Corporation (NASDAQ Global Select: WIRE) today commented on the U.S. Commerce Department’s preliminary affirmative determination […]

1st Quarter Results 2019

MCKINNEY, TX – Encore Wire Corporation (NASDAQ Global Select: WIRE) today announced results for the first quarter of 2019. Read […]

Encore Wire Welcomes Commerce Department Ruling

McKinney, TX – Encore Wire Corporation (NASDAQ Global Select: WIRE) today commented on the U.S. Commerce Department’s preliminary affirmative determination […]
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Encore Wire Frequently Asked Questions

  • When was Encore Wire founded?

    Encore Wire was founded in 1989.

  • Who are Encore Wire key executives?

    Encore Wire's key executives are Daniel L. Jones, Bret J. Eckert and William Bigbee.

  • How many employees does Encore Wire have?

    Encore Wire has 1,440 employees.

  • What is Encore Wire revenue?

    Latest Encore Wire annual revenue is $2.6 t.

  • What is Encore Wire revenue per employee?

    Latest Encore Wire revenue per employee is $1.8 b.

  • Who are Encore Wire competitors?

    Competitors of Encore Wire include Neutrik, General Cable and Carlisle Interconnect Technologies.

  • Where is Encore Wire headquarters?

    Encore Wire headquarters is located at 1329 Millwood Rd, McKinney.

  • Where are Encore Wire offices?

    Encore Wire has an office in McKinney.

  • How many offices does Encore Wire have?

    Encore Wire has 1 office.