AP NEWS
Click to copy
Click to copy

Encore Wire: 4Q Earnings Snapshot

February 19, 2019

MCKINNEY, Texas (AP) _ Encore Wire Corp. (WIRE) on Tuesday reported fourth-quarter profit of $25 million.

On a per-share basis, the McKinney, Texas-based company said it had profit of $1.20.

The copper wire maker posted revenue of $319.7 million in the period.

For the year, the company reported profit of $78.2 million, or $3.74 per share. Revenue was reported as $1.29 billion.

Encore Wire shares have increased 12 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $56.25, a rise of 16 percent in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WIRE at https://www.zacks.com/ap/WIRE

All contents © copyright 2019 The Associated Press. All rights reserved.