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WIRE Encore Wire

Encore Wire Corp. engages in manufacturing copper electrical building wire and cable. The firm is a significant supplier of 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.

Company profile

Ticker
WIRE
Exchange
CEO
Daniel L. Jones
Employees
Incorporated
Location
Fiscal year end
Former names
ENCORE WIRE CORP /DE/
SEC CIK
IRS number
752274963

WIRE stock data

(
)

Calendar

22 Feb 21
13 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Encore Wire earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 183.12M 183.12M 183.12M 183.12M 183.12M 183.12M
Cash burn (monthly) 11.33M 3.99M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 39.15M 13.78M n/a n/a n/a n/a
Cash remaining 143.97M 169.34M n/a n/a n/a n/a
Runway (months of cash) 12.7 42.5 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
11 Mar 21 Ford Matthew D. Common Stock, par value $0.01 per share Sell Dispose S No No 70 10,500 735K 17,000
15 Jan 21 Bret J Eckert Common Stock, par value $0.01 per share Grant Aquire A No No 0 25,000 0 50,000
15 Jan 21 Ford Matthew D. Common Stock, par value $0.01 per share Grant Aquire A No No 0 5,000 0 27,500
15 Jan 21 Daniel L Jones Common Stock, par value $0.01 per share Grant Aquire A No No 0 50,000 0 436,116
7 May 20 Ford Matthew D. Common Stock, par value $0.01 per share Option exercise Aquire M No No 28.74 3,000 86.22K 22,500
7 May 20 Ford Matthew D. Stock Option Common Stock, par value $0.01 per share Option exercise Dispose M No No 28.74 3,000 86.22K 3,000

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

90.8% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 176 173 +1.7%
Opened positions 26 16 +62.5%
Closed positions 23 10 +130.0%
Increased positions 61 55 +10.9%
Reduced positions 64 66 -3.0%
13F shares
Current Prev Q Change
Total value 1.13B 844.6M +34.4%
Total shares 18.74M 18.19M +3.0%
Total puts 35K 56.4K -37.9%
Total calls 27.6K 23K +20.0%
Total put/call ratio 1.3 2.5 -48.3%
Largest owners
Shares Value Change
BLK Blackrock 3.18M $192.83M +7.5%
Vanguard 2.04M $123.37M +2.1%
Dimensional Fund Advisors 1.61M $97.5M -3.9%
Victory Capital Management 1.47M $88.82M +13.3%
JHG Janus Henderson 764.9K $46.33M -30.6%
Frontier Capital Management 739.57K $44.8M -2.4%
Barrow Hanley Mewhinney & Strauss 730.22K $44.23M -7.2%
STT State Street 647.55K $39.24M +3.9%
NTRS Northern Trust 514.48K $31.16M -0.7%
AMP Ameriprise Financial 397.12K $24.05M +18.0%
Largest transactions
Shares Bought/sold Change
Norges Bank 338.83K +338.83K NEW
JHG Janus Henderson 764.9K -337.84K -30.6%
WHG Westwood 309.45K +309.45K NEW
BLK Blackrock 3.18M +222.74K +7.5%
Victory Capital Management 1.47M +172.27K +13.3%
BEN Franklin Resources 0 -144.69K EXIT
Sunbelt Securities 120.35K +120.35K NEW
Millennium Management 0 -118.41K EXIT
Cannell Capital 104.82K +104.82K NEW
Royce & Associates 240.13K +84.16K +54.0%

Financial report summary

?
Competition
ITCAtkore
Risks
  • Supply and Availability of Raw Materials
  • Product Pricing and Volatility of Copper Market
  • Industry Conditions and Cyclicality
  • Operating Results May Fluctuate
  • Reliance on Senior Management
  • Patent and Intellectual Property Disputes
  • Cybersecurity Breaches and other Disruptions to our Information Technology Systems
  • Common Stock Price May Fluctuate
  • Beneficial Ownership of the Company’s Common Stock by a Small Number of Stockholders
  • Future Sales of Common Stock Could Affect the Price of Common Stock
  • Environmental Liabilities
  • Regulations Related to Conflict-free Minerals May Force Us to Incur Additional Expenses
  • Outbreak of Contagious Disease
Management Discussion
  • Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations.
  • Encore Wire sells a commodity product in a highly competitive market. Management believes that the historical strength of the Company’s growth and earnings is in large part attributable to the following main factors:
  • •a team of experienced independent manufacturers’ representatives with strong customer relationships across the United States.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
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Patents

GRANT
Utility
Apparatus and method for packaging wire or cable in a barrel or drum container
23 Mar 21
An apparatus for the accumulation of wire or cable, the apparatus including a collapsible reel assembly, the collapsible reel assembly including a central hollow arbor, a fixed inner support structure axially centered on and rigidly attached to the central hollow arbor, wherein the fixed inner support has a first end and a second end, a fixed flange, axially centered on and attached to the first end of the fixed inner support structure, a removable flange, axially centered on and removably attached to the second end of the fixed inner support structure opposite the fixed flange and an inner drum assembly.
GRANT
Utility
Method of manufacture of electrical wire and cable having a reduced coefficient of friction and required pulling force
9 Mar 21
A process for manufacturing finished wire and cable having reduced coefficient of friction and pulling force during installation, includes providing a payoff reel containing at least one internal conductor wire; supplying the at least one internal conductor wire from the reel to at least one extruder; providing the least one extruder, wherein the at least one extruder applies an insulating material and a polymerized jacket composition over the at least one internal conductor wire, wherein the polymerized jacket composition comprises a predetermined amount by weight of nylon; and at least 3% by weight of a silica providing a cooling device for lowering the temperature of the extruded insulating material and the polymerized jacket composition and cooling the insulating material and the polymerized jacket composition in the cooling device; and, reeling onto a storage reel the finished, cooled, wire and cable for storage and distribution.
GRANT
Utility
Method for applying labels to cable or conduit
2 Feb 21
A method for applying labels to a cable or conduit with a known circumference, the method including supplying at least one label, wherein the at least one label has a known label height, the label height is greater than the known circumference of the cable or conduit, and the label has a bottom, middle, and top portions, providing at least one tamping device, tamping the middle portion of the at least one label to the cable or conduit with the at least one tamping device, wherein the middle portion of the at least one label adheres to the cable or conduit, providing a guide shoe assembly, pressing the top portion of the at least one label against the cable or conduit with the guide shoe assembly, and pressing the bottom portion of the at least one label against the cable or conduit with the guide shoe assembly, wherein the top portion of the at least one label and the bottom portion of the at least one label overlap after pressed onto the cable or conduit.
GRANT
Utility
Metal-clad multi-circuit electrical cable assembly
2 Feb 21
An electrical cable assembly, comprising a first electrical circuit further comprising a first plurality of insulated conductors longitudinally disposed to one another, wherein the first plurality of insulated conductors are cabled together in a bundle.
GRANT
Utility
Stackable wire-dispensing container
28 Dec 20
An apparatus for dispensing wire or cable, the apparatus including an enclosure with a top and a bottom portion and at least three side portions of a first height, a plurality of holes located in both the top and bottom portions of the enclosure, and a core of a second height located within the enclosure, wherein the core forms an area, wherein at least one of the plurality of holes has a first hole diameter and is located in the top and bottom of the enclosure and is located within the area formed by the core, and wherein the wire or cable is placed around the core.