Last $37.29 USD
Change Today +0.64 / 1.75%
Volume 142.6K
As of 8:10 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

encore wire corp (WIRE) Key Developments

Encore Wire Corporation Announces Unaudited Consolidated Earnings and Operating Results for the Fourth Quarter and Full Year Ended December 31, 2014

Encore Wire Corporation announced unaudited consolidated earnings and operating results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net sales of $285.342 million compared to $293.514 million a year ago. Operating income was $7.470 million against $16.748 million a year ago. Income before income taxes was $7.494 million against $16.769 million a year ago. Net income was $5.053 million or $0.24 per basic and diluted share compared to $11.212 million or $0.54 per basic and diluted share a year ago. EBITDA was $11.378 million compared to $20.674 million a year ago. For the year, the company reported net sales of $1,166.979 million compared to $1,158.252 million a year ago. Operating income was $56.101 million against $70.619 million a year ago. Income before income taxes was $56.157 million against $70.683 million a year ago. Net income was $37.123 million or $1.78 per diluted share compared to $46.910 million or $2.26 per diluted share a year ago. EBITDA was $71.895 million compared to $85.736 million a year ago. For the quarter, unit volume, measured in copper pounds contained in the wire sold, increased 2.4% and was offset by a 6.3% decrease in the average selling price per copper pound sold in the fourth quarter of 2014 versus the same period in 2013. Aluminum building wire sales continued their growth pattern, constituting 9.2% of net sales dollars for the fourth quarter of 2014 versus 8.0% in the fourth quarter of 2013. For the year, Copper unit volume increased 3.6% in 2014 versus 2013. The volume increase was offset by a 4.8% decrease in the average selling price per copper pound sold in 2014 versus 2013.

Encore Wire Corp. to Report Q4, 2014 Results on Feb 19, 2015

Encore Wire Corp. announced that they will report Q4, 2014 results at 5:00 PM, Eastern Standard Time on Feb 19, 2015

Encore Wire Corp., Q4 2014 Earnings Call, Feb 20, 2015

Encore Wire Corp., Q4 2014 Earnings Call, Feb 20, 2015

Encore Wire Corp. Announces Executive Appointments

Encore Wire Corporation announced that Daniel L. Jones, President and Chief Executive Officer, has been appointed Chairman of the board of directors, and that John H. Wilson has been appointed Lead Independent Director. Mr. Jones has held the office of President and Chief Executive Officer of the company since February 2006 and various other management positions since joining the company in 1989. Mr. Wilson has been a director of the company since 1989. He has been President of U.S. Equity Corporation since 1983 and is also a director of Capital Southwest Corporation.

Encore Wire Announces Cash Dividend, Payable on January 16, 2015

Encore Wire Corporation announced that the company's Board of Directors has declared a cash dividend. This two-cent per share dividend will be paid on January 16, 2015, to stockholders of record at the close of business on January 2, 2015. Any future quarterly dividends will be paid subject to earnings and cash flow considerations.

 

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Valuation WIRE Industry Range
Price/Earnings 20.6x
Price/Sales 0.7x
Price/Book 1.5x
Price/Cash Flow 20.5x
TEV/Sales 0.6x
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