Encore Wire(WIRE)
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Encore Wire(WIRE) - 2022 Q1 - Quarterly Report
2022-04-28 21:24
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________________ FORM 10-Q ___________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 000-20278 ___________________________________ ...
Encore Wire(WIRE) - 2021 Q4 - Annual Report
2022-02-17 21:52
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) 1329 Millwood Road McKinney, Texas 75069 (Address of principal executive offices) (Zip Code) Delaware 75-2274963 (I.R.S. Employer Identification No.) Registrant's telephone number, including area code: (972) 562-9473 ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 19 ...
Encore Wire(WIRE) - 2021 Q3 - Quarterly Report
2021-10-28 21:13
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________________ FORM 10-Q ___________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 000-20278 _______________________________ ...
Encore Wire(WIRE) - 2021 Q2 - Quarterly Report
2021-07-29 19:25
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________________ FORM 10-Q ___________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 000-20278 ____________________________________ ...
Encore Wire(WIRE) - 2021 Q1 - Quarterly Report
2021-04-28 21:25
Financial Performance - Net sales for the first quarter of 2021 were $444.1 million, a 46.8% increase from $302.8 million in the first quarter of 2020[43] - Gross profit increased to $84.5 million, or 19.0% of net sales, in Q1 2021, compared to $45.8 million, or 15.1% of net sales, in Q1 2020[44] Cost and Pricing - The average selling price of copper wire increased by 46.8%, while the unit volume shipped increased by 1.1% in the first quarter of 2021 compared to the same period in 2020[43] - Cost of goods sold was $359.6 million, representing 81.0% of net sales in Q1 2021, down from 84.9% in Q1 2020[44] - The average cost per pound of raw copper purchased increased by 47.3% in Q1 2021 compared to Q1 2020[43] Cash Flow and Working Capital - Accounts receivable increased by $72.9 million in Q1 2021, negatively impacting cash flow by $71.2 million compared to Q1 2020[50] - Cash used in operating activities was $0.8 million in Q1 2021, a decrease from cash provided of $9.0 million in Q1 2020[49] Investment and Capital Expenditures - Cash used in investing activities increased to $26.5 million in Q1 2021 from $12.1 million in Q1 2020 due to higher capital expenditures[51] - The company expects capital expenditures to range from $100 million to $120 million in 2021, with ongoing expansion plans[54] Cash Position - The company's cash balance was $155.0 million as of March 31, 2021, down from $206.8 million on the same date in 2020[53]
Encore Wire(WIRE) - 2020 Q4 - Annual Report
2021-02-22 18:30
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 000-20278 ENCORE WIRE CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation o ...
Encore Wire(WIRE) - 2020 Q3 - Quarterly Report
2020-10-29 20:55
Financial Performance - Net sales for Q3 2020 were $339.7 million, a 5.0% increase from $321.2 million in Q3 2019, driven by a 12.0% increase in average selling price despite a 7.1% decrease in copper wire unit volume shipped [43]. - For the first nine months of 2020, net sales were $896.1 million, a 7.9% decrease from $972.7 million in the same period of 2019, primarily due to a 9.3% decrease in copper wire sales [48]. - Gross profit for the first nine months of 2020 increased to $135.7 million, or 15.1% of net sales, compared to $130.2 million, or 13.4% of net sales, in the first nine months of 2019 [49]. Cost Management - Cost of goods sold was $286.2 million, or 84.3% of net sales, in Q3 2020, down from $278.2 million, or 86.6% of net sales, in Q3 2019, resulting in a gross profit of $53.5 million, or 15.7% of net sales [44]. - The average cost per pound of raw copper purchased increased by 9.4% in Q3 2020 compared to Q3 2019, contributing to the rise in average sales price of copper wire [43]. - Total raw materials cost decreased to 72.2% of net sales in Q3 2020, down from 74.3% in Q3 2019, reflecting improved cost management [46]. Operating Expenses - Selling expenses for the first nine months of 2020 decreased to $48.0 million, or 5.4% of net sales, compared to $50.3 million, or 5.2% of net sales, in the same period of 2019 [53]. - Cash provided by operating activities was $54.5 million in the first nine months of 2020, down from $67.4 million in the same period of 2019, despite an increase in net income to $52.0 million [56]. Liquidity and Capital Expenditures - The Company's cash balance was $217.1 million at September 30, 2020, compared to $203.9 million at September 30, 2019, indicating improved liquidity [58]. - Capital expenditures are expected to range from $95 - $100 million in 2020, $100 - $120 million in 2021, and $30 - $50 million in 2022 [59]. - The strong balance sheet and high levels of operating cash flow will support planned capital expenditures [59]. - The company has accelerated the timing of orders for manufacturing equipment due to increased lead times in the current environment [59]. Pricing Dynamics - The average sales price per pound of copper sold increased by 12.0% while the per pound cost of raw copper purchased increased by 9.4%, resulting in a 17.2% increase in the spread between these prices in Q3 2020 [45].
Encore Wire(WIRE) - 2020 Q2 - Quarterly Report
2020-07-30 22:23
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________________ FORM 10-Q ___________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ For the transition period from to Commission File Number: 000-20278 ________________ ...
Encore Wire(WIRE) - 2020 Q1 - Quarterly Report
2020-04-30 21:12
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________________ FORM 10-Q ___________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 or For the transition period from to Commission File Number: 000-20278 _______________ ...
Encore Wire(WIRE) - 2019 Q4 - Annual Report
2020-02-21 21:56
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 000-20278 ENCORE WIRE CORPORATION (Exact name of registrant as specified in its charter) 1329 Millwood Road McKinney, Texas 75069 (Addre ...