Brief: Encore Wire Reports Q2 EPS $8.82

Encore Wire

27/07/2021 22:09

July 27 (Reuters) - Encore Wire Corp  WIRE.O :
    * ENCORE WIRE REPORTS RECORD SECOND QUARTER RESULTS;
INCREASED
VOLUMES; ANNOUNCES ACCELERATED CAPITAL EXPENDITURE PLAN
    * Q2 EARNINGS PER SHARE $8.82
    * Q2 SALES $744.4 MILLION
    * QTRLY COPPER VOLUMES SOLD INCREASED 33.4% OVER Q2 OF 2020
    * NO LONG-TERM DEBT AND REVOLVING CREDIT LINE PAID DOWN TO
ZERO
    * CAPITAL EXPENDITURES ARE NOW EXPECTED TO RANGE FROM $150 -
$170
MILLION IN 2021
    * SEES CAPEX OF $140 - $160 MILLION IN 2022, AND $60 - $80
MILLION
IN 2023

Source text for Eikon:  ID:nBw6ZtsW4a 
Further company coverage:  WIRE.O 

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