Detail akcie Encore Wire Corp online

Business Summary: Encore Wire Corporation is a manufacturer of electrical wire and cables, which is used to distribute power from the transmission grid to the wall outlet or switch. The Company offers an electrical building wire product line that consists primarily of NM-B cable, UF-B cable, THHN/THWN-2, XHHW-2, USE-2, RHH/RHW-2 and other types of wire products, including service entrance unarmored (SEU), service entrance cable (SER), photovoltaic, underground residential distribution wire (URD), tray cable, metal-clad and armored cable. The Company sells its products through manufacturers’ representatives to wholesale electrical distributors servicing the residential, commercial, industrial, and renewable energy sectors. The Company serves various markets, such as healthcare, data center, airport expansion, military bases, oil and gas, transit, wastewater treatment, school construction, and power generation. The Company’s products are made in America at its vertically integrated site, Texas campus.
Financial Summary: BRIEF: For the fiscal year ended 31 December 2023, Encore Wire Corp revenues decreased 15% to $2.57B. Net income decreased 48% to $372.4M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net income also reflects Selling/General/Admin. Expense increase of 4% to $204.5M (expense). Dividend per share remained flat at $0.08.