encore wire (www.encorewire.com) is a leading manufacturer of residential, commercial and industrial copper and aluminum electrical building wire. encore wire’s 425-acre single-campus and over 2.1 million sq. ft. under roof allows for deep inventory levels and unmatched delivery times. our innovative wire pulling solutions, award-winning colored wire and metal-clad and armored clad smartcolorid identification system promote cost and labor savings and safety.
Company profile
Ticker
WIRE
Exchange
Website
CEO
Daniel L. Jones
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
ENCORE WIRE CORP /DE/
SEC CIK
Corporate docs
IRS number
752274963
WIRE stock data
Latest filings (excl ownership)
10-Q
2024 Q1
Quarterly report
25 Apr 24
8-K
Encore Wire Reports First Quarter Results
23 Apr 24
DEFA14A
Additional proxy soliciting materials
15 Apr 24
8-K
Encore Wire to Be Acquired by Prysmian for $290.00 Per Share In Cash
15 Apr 24
DEF 14A
Definitive proxy
28 Mar 24
PRE 14A
Preliminary proxy
18 Mar 24
10-K
2023 FY
Annual report
16 Feb 24
8-K
ENCORE WIRE REPORTS STRONG FOURTH QUARTER and FULL YEAR 2023 RESULTS
13 Feb 24
10-Q
2023 Q3
Quarterly report
26 Oct 23
8-K
Encore Wire Reports Strong Third Quarter Results; Highlights Increased Volumes; Continued Share Repurchases During Quarter
24 Oct 23
Transcripts
WIRE
Earnings call transcript
2023 Q4
14 Feb 24
WIRE
Earnings call transcript
2023 Q3
25 Oct 23
WIRE
Earnings call transcript
2023 Q2
26 Jul 23
WIRE
Earnings call transcript
2023 Q1
26 Apr 23
WIRE
Earnings call transcript
2022 Q4
15 Feb 23
WIRE
Earnings call transcript
2022 Q3
26 Oct 22
WIRE
Earnings call transcript
2022 Q2
27 Jul 22
WIRE
Earnings call transcript
2022 Q1
29 Apr 22
WIRE
Earnings call transcript
2021 Q4
16 Feb 22
WIRE
Earnings call transcript
2021 Q3
27 Oct 21
Latest ownership filings
4
DANIEL L JONES
22 Feb 24
SC 13G/A
VANGUARD GROUP INC
13 Feb 24
SC 13G/A
DIMENSIONAL FUND ADVISORS LP
9 Feb 24
SC 13G/A
BlackRock Inc.
22 Jan 24
4
Matthew D. Ford
17 Jan 24
4
BRET J ECKERT
17 Jan 24
4
DANIEL L JONES
17 Jan 24
4
Gina A. Norris
4 May 23
4
JOHN H WILSON
4 May 23
4
SCOTT D WEAVER
4 May 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 581.75 mm | 581.75 mm | 581.75 mm | 581.75 mm | 581.75 mm | 581.75 mm |
Cash burn (monthly) | 28.68 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 197.61 mm | n/a | n/a | n/a | n/a | n/a |
Cash remaining | 384.15 mm | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | 13.4 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q4 2023
68.2% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 260 |
Opened positions | 31 |
Closed positions | 111 |
Increased positions | 69 |
Reduced positions | 115 |
13F shares | Current |
---|---|
Total value | 1.87 tn |
Total shares | 10.77 mm |
Total puts | 23.20 k |
Total calls | 3.20 k |
Total put/call ratio | 7.3 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 1.71 mm | $365.32 bn |
Dimensional Fund Advisors | 1.32 mm | $281.92 bn |
Frontier Capital Management | 861.97 k | $49.48 mm |
STT State Street | 592.49 k | $126.56 bn |
MS Morgan Stanley | 511.39 k | $109.23 bn |
Pacer Advisors | 472.56 k | $100.94 bn |
Hodges Capital Management | 381.06 k | $81.40 mm |
JPM JPMorgan Chase & Co. | 358.98 k | $76.68 bn |
GS Goldman Sachs | 351.83 k | $75.15 bn |
Arrowstreet Capital, Limited Partnership | 313.94 k | $67.06 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
22 Feb 24 | Daniel L Jones | Common Stock, par value $0.01 per share | Option exercise | Acquire M | No | No | 51.63 | 20,000 | 1.03 mm | 722,268 |
22 Feb 24 | Daniel L Jones | Stock Option Common Stock, par value $0.01 per share | Option exercise | Dispose M | No | No | 51.63 | 20,000 | 1.03 mm | 0 |
16 Jan 24 | Ford Matthew D. | Common Stock, par value $0.01 per share | Payment of exercise | Dispose F | No | No | 0 | 318 | 0.00 | 40,884 |
15 Jan 24 | Daniel L Jones | Common Stock, par value $0.01 per share | Payment of exercise | Dispose F | No | No | 0 | 28,848 | 0.00 | 702,268 |
15 Jan 24 | Daniel L Jones | Common Stock, par value $0.01 per share | Grant | Acquire A | No | No | 0 | 100,000 | 0.00 | 731,116 |
15 Jan 24 | Bret J Eckert | Common Stock, par value $0.01 per share | Payment of exercise | Dispose F | No | No | 0 | 3,333 | 0.00 | 246,667 |
15 Jan 24 | Bret J Eckert | Common Stock, par value $0.01 per share | Grant | Acquire A | No | No | 0 | 75,000 | 0.00 | 250,000 |
15 Jan 24 | Ford Matthew D. | Common Stock, par value $0.01 per share | Payment of exercise | Dispose F | No | No | 0 | 2,436 | 0.00 | 41,202 |
15 Jan 24 | Ford Matthew D. | Common Stock, par value $0.01 per share | Grant | Acquire A | No | No | 0 | 7,500 | 0.00 | 43,638 |
2 May 23 | William Kelvin Walker | Common Stock, par value $0.01 per share | Grant | Acquire A | No | No | 0 | 1,250 | 0.00 | 2,100 |
News
Encore Wire Says Remain Focused On Long-Term Opportunities For Its Business As It Continues To Address Near-Term Challenges
23 Apr 24
Encore Wire Q1 2024 GAAP EPS $3.92 Beats $3.65 Estimate, Sales $632.661M Beat $589.846M Estimate
23 Apr 24
CJS Securities Downgrades Encore Wire to Market Perform
19 Apr 24
Sidoti & Co. Downgrades Encore Wire to Neutral, Announces $290 Price Target
16 Apr 24
DA Davidson Downgrades Encore Wire to Neutral, Maintains $295 Price Target
16 Apr 24
Press releases
Encore Wire Reports First Quarter Results
23 Apr 24
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates AIRC, ALPN, WIRE
23 Apr 24
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates WIRE, ABIO, SWAV, MODN
22 Apr 24
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates IP, WIRE, MCBC, NXPL
18 Apr 24
SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Announces an Investigation of Encore Wire Corporation - WIRE
17 Apr 24