Brief: Encore Wire Reports First Quarter Results

Encore Wire

28/04/2020 22:21

April 28 (Reuters) - Encore Wire Corp  WIRE.O :
    * ENCORE WIRE REPORTS FIRST QUARTER RESULTS, MAINTAINS
STRONG
BALANCE SHEET AND LIQUIDITY
    * Q1 EARNINGS PER SHARE $0.89
    * Q1 SALES $302.8 MILLION VERSUS $314.7 MILLION
    * REAFFIRM OUR PREVIOUSLY ANNOUNCED CAPITAL EXPENDITURE
RANGES FOR
FISCAL YEARS 2020 THROUGH 2022
    * HAD $206.8 MILLION IN CASH AT END OF QUARTER
    * HAVE NO LONG-TERM DEBT, AND OUR REVOLVING LINE OF CREDIT
IS PAID
DOWN TO ZERO

Source text for Eikon:  ID:nBwCk8PPa 
Further company coverage:  WIRE.O 

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