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Encore Wire

OverviewSuggest Edit

Encore Wire is a company engaged in manufacturing electrical building wire and cable. It offers a range of products, including NM-B cable, THHN and THWN-2 cable, tray cable, metal-clad, armored cable, etc. The company supplies building wire for interior electrical wiring in commercial and industrial buildings, homes, apartments, and manufactured housing.
TypePublic
Founded1989
HQMcKinney, USMap
Websiteencorewire.com
Employee Ratings2.7More
View Jobs (13)

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2019)1,380(+8%)
Job Openings13
Revenue (FY, 2019)$1.3 B(-1%)
Share Price (Jul 2020)$50.2 (+2%)
Cybersecurity ratingDMore

Key People/Management at Encore Wire

Daniel Jones

Daniel Jones

President, CEO
Frank Bilban

Frank Bilban

CFO, Secretary, Treasurer, VP Finance
William Bigbee

William Bigbee

VP Operations
Kevin Kieffer

Kevin Kieffer

VP, Sales and Marketing
Janet Sander

Janet Sander

VP Purchasing
Matthew Ford

Matthew Ford

Controller, Assistant Secretary
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Encore Wire Office Locations

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

Encore Wire Financials and Metrics

Encore Wire Revenue

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Encore Wire's revenue was reported to be $1.27 b in FY, 2019
USD

Revenue (Q2, 2020)

253.6m

Gross profit (Q2, 2020)

36.5m

Gross profit margin (Q2, 2020), %

14.4%

Net income (Q2, 2020)

12.3m

EBIT (Q2, 2020)

15.7m

Market capitalization (31-Jul-2020)

1.0b

Closing stock price (31-Jul-2020)

50.2

Cash (30-Jun-2020)

250.4m

EV

781.4m
Encore Wire's current market capitalization is $1 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

940.8m1.2b1.3b1.3b

Revenue growth, %

(8%)24%11%

Cost of goods sold

820.7m1.0b1.1b1.1b

Gross profit

120.1m156.2m189.7m166.0m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

225.5m238.8m237.2m279.4m291.5m292.0m291.4m336.8m340.7m314.7m336.9m321.2m302.8m253.6m

Cost of goods sold

195.4m210.2m209.4m240.2m255.7m252.9m253.9m292.3m286.2m273.4m291.0m278.2m257.0m217.1m

Gross profit

30.1m28.6m27.8m39.2m35.9m39.1m37.5m44.5m54.5m41.3m45.9m43.0m45.8m36.5m

Gross profit Margin, %

13%12%12%14%12%13%13%13%16%13%14%13%15%14%
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Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Cash

95.8m123.4m178.4m231.0m

Accounts Receivable

184.9m228.9m235.4m223.1m

Prepaid Expenses

1.9m

Inventories

93.3m92.4m102.4m89.7m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Cash

78.6m81.1m79.9m86.5m85.9m101.4m107.8m102.0m134.5m178.0m184.8m203.9m206.8m250.4m

Accounts Receivable

175.2m178.8m183.5m211.7m220.6m223.0m248.5m258.4m270.6m231.5m256.0m244.9m192.1m

Prepaid Expenses

3.6m

Inventories

98.5m95.6m94.4m95.6m95.5m95.4m94.5m96.9m96.0m101.6m96.0m90.2m87.9m
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Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

33.8m67.0m78.2m58.1m

Depreciation and Amortization

16.8m15.7m16.5m17.7m

Inventories

2.0m909.0k(10.0m)12.7m

Accounts Payable

(8.6m)25.0m165.0k2.0m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Net Income

8.6m16.4m22.4m13.6m24.6m38.5m11.4m29.4m53.1m13.4m31.2m47.6m18.6m31.0m

Depreciation and Amortization

4.8m8.9m13.0m3.8m7.6m11.6m4.1m8.2m12.3m4.3m8.8m13.3m4.6m9.3m

Inventories

(3.2m)(331.0k)839.0k(2.4m)(2.2m)(2.1m)(2.1m)(4.5m)(3.6m)775.0k6.3m12.1m(884.0k)1.8m

Accounts Payable

(17.9m)(13.6m)(8.4m)9.2m14.5m15.1m(6.6m)(9.6m)9.6m(16.4m)2.3m1.4m(16.3m)(21.5m)
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USDQ1, 2016

Financial Leverage

1.1 x
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Encore Wire Operating Metrics

FY, 2015FY, 2016FY, 2017FY, 2018Jan, 2019

Floor Space, square feet

1.90 m2.10 m2.10 m2.10 m

Land Owned, acres

430 430 430 430

Patents and Patent Applications

28

Trademarks

63
Show all operating metrics

Encore Wire Acquisitions / Subsidiaries

Company NameDateDeal Size
EWC Aviation Corporation

Encore Wire Cybersecurity Score

Cybersecurity ratingPremium dataset

D

69/100

Learn more about about our premium products
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Encore Wire Online and Social Media Presence

Encore Wire's Trends

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Encore Wire News and Updates

October 19, 2018

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
September 06, 2018

Global Energy Cable Market 2012-2018 & 2023 - Key Players are Prysmian, Nexans, Leoni, NKT, Sumitomo Electric Industries, Encore Wire and Southwire

DUBLIN, Sept. 6, 2018 /PRNewswire/ -- The "Energy Cable Market Report: Trends, Forecast and Competitive Analysis" report has been added to ResearchAndMarkets.com's offering. The global energy cable market is expected to reach an estimated $128.7 billion by 2023 and is forecast to grow at...
May 06, 2018

Encore Wire's (WIRE) CEO Daniel Jones on Q1 2018 Results - Earnings Call Transcript

Encore Wire Blogs

March 20, 2019

Encore Wire Presenting at Sidoti & Company Spring 2019 Conference

MCKINNEY, TX – Encore Wire Corporation (NASDAQ Global Select: WIRE) announced today that the Company’s Chief Financial Officer, Mr. Frank […]
February 19, 2019

4th Quarter Results 2018

MCKINNEY, TX – Encore Wire Corporation (NASDAQ Global Select: WIRE) today announced results for the fourth quarter of 2018. Read […]
November 15, 2018

Encore Wire Presenting at Southwest IDEAS Conference

MCKINNEY, TX – Encore Wire Corporation (NASDAQ Global Select: WIRE) announced today that the Company’s Chief Financial Officer, Mr. Frank […]
October 30, 2018

3rd Quarter Results 2018

MCKINNEY, TX – Encore Wire Corporation (NASDAQ Global Select: WIRE) today announced results for the third quarter of 2018. Read […]
September 21, 2018

Antidumping Filing

McKinney, TX – Encore Wire Corporation (NASDAQ Global Select: WIRE) today announced that it had signed on to antidumping (AD) […]
September 11, 2018

09.11.18 DA Davidson Conference

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

  • How many employees does Encore Wire have?

    Encore Wire has 1,380 employees.

  • What is Encore Wire revenue?

    Latest Encore Wire annual revenue is $1.3 b.

  • What is Encore Wire revenue per employee?

    Latest Encore Wire revenue per employee is $923.9 k.

  • Who are Encore Wire competitors?

    Competitors of Encore Wire include NKT, Elliott Electric Supply and Glenair.

  • 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.