Encore Wire

Encore Wire Corp. engages in manufacturing copper electrical building wire and cable. The firm supplies building wire for interior electrical wiring in commercial and industrial buildings, homes, apartments and manufactured housing. It offers an electric building wire product line that consists primarily of NM-B cable, UF-B cable, THHN/THWN-2 and other types of wire products, including Metal Clad, Armored Cable, Photovoltaic Cable and Bare Copper. Its principal customers are wholesale electrical distributors, who sell building wire and a variety of other products to electrical contractors. The company was founded by Vincent A. Rego in 1989 and is headquartered in McKinney, TX.

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Encore Wire excels in 2022, eyes market share growth

Encore Wire's 2022 performance reflects financial strength and operational resilience, supported by a focus on efficiency, capacity expansion, and vertical integration. Despite challenges posed by material costs, the company's market presence, strong balance sheet, and strategic initiatives position it for continued success and growth in the evolving economic landscape.

Encore Wire reports Q1 sales decline, invests in growth opportunities

Encore Wire faced challenges with lower sales and profitability in Q1 2023 but remains confident in its business model and market opportunities.
The company's strategic investments in the XLPE facility and capacity expansions position it for growth and enhanced market competitiveness.
Maintaining operational resilience, customer service focus, and efficiency are key strengths driving Encore Wire's performance.
Navigating market dynamics, raw material price fluctuations, and demand trends are critical for sustaining profitability and growth.

Encore Wire excels in Q2 2023, faces margin challenges and growth opportunities

Encore Wire delivered a robust Q2 2023 performance with strong financial metrics and a focus on customer service excellence. While facing challenges such as margin abatement and stock volatility, the company remains optimistic about growth opportunities through vertical integration and market demand drivers.

Encore Wire reports resilient Q3 performance amidst market challenges

Encore Wire's Q3 performance reflects resilience amid market challenges, with a focus on customer service, operational agility, and long-term value creation. Strategic investments in efficiency, capacity expansion, and customer-centric initiatives position the company well for sustainable growth and value creation for shareholders.

Encore Wire reports record earnings driven by strong demand growth

Encore Wire's Q4 2023 earnings call showcased strong financial results, driven by increased demand for copper wire and cable, leading to record shipments and solid earnings per share.
The company's strategic focus on customer service, operational efficiency, and capacity expansion positions it well for future growth opportunities and market leadership.
While facing challenges in managing costs, margins, and market dynamics, Encore Wire's emphasis on long-term sustainability and shareholder value creation remains a key priority.

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Encore Wire Corp manufactures electrical building wires and cables. It provides building wire for interior electrical wiring in commercial and industrial buildings, as well as residential, apartment, and manufactured housing. The company's main customers are wholesale electrical wholesalers, who sell building wire and other items to electrical contractors. Encore provides an electrical building wire product line that includes NM-B cable, UF-B cable, THHN/THWN-2, XHHW-2, RHH/RHW-2, and other wire products such as tray cable, metal-clad cable, and armored cable.

HIGHLAND HEIGHTS, KY / ACCESSWIRE / September 30, 2024 / Prysmian , a world leader in the energy transition and digital transformation, will debut its new joint partnership with Encore Wire Corporation , a leading manufacturer of a broad range of copper and aluminum electrical wire and cables, supplying power generation and distribution solutions, during the NECA 2024 Convention & Trade Show in San Diego, California from September 28 - October 1, 2024. This strategic partnership further broadens both Prysmian and Encore Wire's product offerings to customers and enhances the ability to provide innovative, labor saving, safety-focused and clean energy wire and cable solutions to electrical contractors across North America.

Prysmian and Encore Wire to Debut Joint Venture and Expanded Product Line at the NECA 2024 Convention

Does Encore Wire (WIRE) have what it takes to be a top stock pick for momentum investors? Let's find out.

Are You Looking for a Top Momentum Pick? Why Encore Wire (WIRE) is a Great Choice

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On April 15, Encore Wire Corp. (WIRE, Financial), a small-cap copper wire and cable manufacturer, announced a merger with Prysmian SpA (MIL:PRY, Financial), a Milan, Italy-based cable manufacturer and installer traded on the Borsa Italiania exchange. Under the agreement, Encore shareholders will receive $290 per share in cash, an approximate 20% premium to the 30-day volume-weighted share price as of April 12.

Encore Wire, the Prysmian Buyout and Next Picks

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NEW YORK, June 05, 2024 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates AKLI, WIRE on Behalf of Shareholders

NEW YORK, June 05, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and continue to investigate Encore Wire Corporation ( Nasdaq : WIRE ), relating to its proposed sale to Prysmian. Under the terms of the agreement, WIRE shareholders are expected to receive $290.00 in cash per share they own.

STOCKHOLDER ALERT: The M&A Class Action Firm Investigates Merger and Looming Vote on June 26, 2024, of Encore Wire Corporation - WIRE

MCKINNEY, Texas--(BUSINESS WIRE)--Encore Wire Corporation (NASDAQ Global Select: WIRE) announced today that the Company's Board of Directors has declared a cash dividend. Daniel L. Jones, Chairman, President and Chief Executive Officer of Encore Wire Corporation, said, “This two-cent per share dividend will be paid on July 19, 2024 to stockholders of record at the close of business on July 5, 2024.” Encore Wire Corporation is a leading manufacturer of a broad range of copper and aluminum electr.

Encore Wire Announces Cash Dividend

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Encore Wire Corporation (NasdaqGS: WIRE) to Prysmian. Under the terms of the proposed transaction, shareholders of Encore will receive $290.00 in cash for each share of Encore that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consi.

ENCORE WIRE INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Encore Wire Corporation - WIRE

MCKINNEY, Texas--(BUSINESS WIRE)--Encore Wire Corporation (NASDAQ Global Select: WIRE) (“Encore Wire” or the “Company”) today announced results for the first quarter of 2024. First Quarter Highlights First Quarter Earnings per diluted share of $3.92 First Quarter Net Income of $63.3 million Gross Profit of 21.5% in the first quarter of 2024; 31.1% in the first quarter of 2023 Copper volume shipped in the first quarter of 2024 increased 19.7% over the first quarter of 2023 Cash on hand of $614.1.

Encore Wire Reports First Quarter Results

TORONTO , April 18, 2024 /PRNewswire/ - Avenue Investment Management, a leading investment management firm headquartered in Toronto, has formally expressed its reservations regarding the proposed merger between Encore Wire and Prysmian (BIT: PRY), announced on April 15th, 2024. In a shareholder correspondence addressed to Mr.

Avenue Investment Management Expresses Concern Over Proposed Merger Between Encore Wire and Prysmian

NEW YORK , April 17, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and is investigating Encore Wire Corporation (Nasdaq: WIRE), relating to its proposed sale to Prysmian.

SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Announces an Investigation of Encore Wire Corporation - WIRE

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NEW YORK , April 15, 2024 /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: Encore Wire Corporation (NASDAQ: WIRE)'s  sale to Prysmian for $290.00 per share in cash. If you are an Encore shareholder, click here to learn more about your rights and options.

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates WIRE, AIRC, INRD

Encore Wire (NASDAQ: WIRE ) stock is rocketing higher on Monday following news of a major acquisition deal with Italian firm Prysmian. This deal has Prysmian agreeing to acquire Encore Wire for $4.2 billion.

WIRE Stock Alert: The $4.2 Billion Deal Lifting Encore Wire Today

Italian cable maker Prysmian will pay $290 a share in cash to buy Encore Wire.

Encore Wire Stock Surges on $4.2 Billion Takeover by Italy's Prysmian

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Encore Wire Corporation (NASDAQ: WIRE) to Prysmian for $290.00 per share in cash is fair to Encore shareholders. Halper Sadeh encourages Encore shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investigation concerns whether Encore and its boa.

WIRE Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Encore Wire Corporation Is Fair to Shareholders

MILWAUKEE , April 15, 2024 /PRNewswire/ -- Ademi LLP is investigating Encore (Nasdaq: WIRE) for possible breaches of fiduciary duty and other violations of law in its transaction with Prysmian. Click here to learn how to join the https://www.ademilaw.com/case/encore-wire-corporation or call Guri Ademi toll-free at 866-264-3995.

Shareholder Alert: Ademi LLP investigates whether Encore Wire Corporation has obtained a Fair Price in its transaction with Prysmian

Italy's Prysmian will acquire Encore Wire for $290.00 per share in cash, the companies said on Monday.

Prysmian to acquire Encore for about $4.2 bln

MCKINNEY, Texas--(BUSINESS WIRE)--Encore Wire (NASDAQ: WIRE) today announced that it has entered into a definitive merger agreement under which Prysmian (BIT: PRY) will acquire Encore Wire for $290.00 per share in cash (the “Transaction”). The Transaction represents a premium of approximately 20% to the 30-day volume weighted average share price (VWAP) as of Friday, April 12, 2024 and approximately 29% to the 90-day VWAP as of the same date. At the terms of the Transaction, Encore Wire's implie.

Encore Wire to Be Acquired by Prysmian for $290.00 Per Share in Cash

Encore Wire (WIRE) concluded the recent trading session at $268.65, signifying a +1.78% move from its prior day's close.

Encore Wire (WIRE) Rises Higher Than Market: Key Facts

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In the latest trading session, Encore Wire (WIRE) closed at $262.42, marking a -1.86% move from the previous day.

Why Encore Wire (WIRE) Dipped More Than Broader Market Today

The latest trading day saw Encore Wire (WIRE) settling at $253.19, representing a +1.66% change from its previous close.

Encore Wire (WIRE) Outperforms Broader Market: What You Need to Know

In the most recent trading session, Encore Wire (WIRE) closed at $245.03, indicating a -0.66% shift from the previous trading day.

Encore Wire (WIRE) Falls More Steeply Than Broader Market: What Investors Need to Know

Encore Wire (WIRE) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.

What Makes Encore Wire (WIRE) a Good Fit for 'Trend Investing'

Encore Wire (WIRE) closed the most recent trading day at $229.68, moving +1.79% from the previous trading session.

News for Encore Wire Stock (WIRE)