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Encore Wire (WIRE)

Encore Wire Corporation is a leading manufacturer of a broad range of electrical building wire for interior wiring in commercial and industrial buildings, homes, apartments, and manufactured housing. The Company focuses on maintaining a high level of customer service with low-cost production and the addition of new products that complement its current product line.

WIRE stock data

Calendar

27 Jul 22
16 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
21 Jul 22 Ford Matthew D. Common Stock, par value $0.01 per share Option exercise Acquire M No No 51.63 1,000 51.63K 31,500
21 Jul 22 Ford Matthew D. Stock Option Common Stock, par value $0.01 per share Option exercise Dispose M No No 51.63 1,000 51.63K 2,000
3 May 22 Wilson John H Common Stock, par value $0.01 per share Grant Acquire A No No 0 1,250 0 11,600
3 May 22 Thomas William R III Common Stock, par value $0.01 per share Grant Acquire A No No 0 1,250 0 11,100
3 May 22 Weaver Scott D Common Stock, par value $0.01 per share Grant Acquire A No No 0 1,250 0 26,600
3 May 22 Gina A. Norris Common Stock, par value $0.01 per share Grant Acquire A No No 0 1,250 0 3,600
3.1% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 285 266 +7.1%
Opened positions 52 65 -20.0%
Closed positions 33 18 +83.3%
Increased positions 119 72 +65.3%
Reduced positions 80 108 -25.9%
13F shares Current Prev Q Change
Total value 2.09B 2.65B -21.3%
Total shares 18.68M 18.79M -0.6%
Total puts 167.5K 112K +49.6%
Total calls 177.7K 239.7K -25.9%
Total put/call ratio 0.9 0.5 +101.7%
Largest owners Shares Value Change
BLK Blackrock 3.12M $356.42M +0.9%
Vanguard 2.24M $255.44M +1.4%
Dimensional Fund Advisors 1.53M $174.09M +1.6%
Westfield Capital Management 1.06M $120.61M +59.6%
Frontier Capital Management 861.97K $49.48M 0.0%
STT State Street 672.71K $76.75M +2.5%
JHG Janus Henderson 476.23K $54.32M +12.1%
Barrow Hanley Mewhinney & Strauss 404.38K $46.13M -1.3%
Geode Capital Management 367.49K $41.92M +3.4%
Jacobs Levy Equity Management 354.5K $40.44M +0.8%
Largest transactions Shares Bought/sold Change
FMR 861 -453.28K -99.8%
Westfield Capital Management 1.06M +394.83K +59.6%
Norges Bank 0 -212.87K EXIT
Healthcare Of Ontario Pension Plan Trust Fund 0 -166.8K EXIT
Victory Capital Management 82.18K -142.86K -63.5%
Arrowstreet Capital, Limited Partnership 187.93K -125.91K -40.1%
Pacer Advisors 89.36K +89.36K NEW
Frontier Capital Management 0 -85.32K EXIT
GS Goldman Sachs 272.21K +81.19K +42.5%
Marshall Wace 31.08K -74.22K -70.5%

Financial report summary

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Competition
ITCAtkore
Risks
  • Supply and Availability of Raw Materials, Supply Chain Constraints and Profitability Margins
  • 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 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.
  • Encore Wire Corporation is a leading manufacturer of a broad range of copper and aluminum electrical wire and cables, supplying power generation and distribution solutions to meet our customers’ needs today and in the future. The Company focuses on maintaining a low-cost of production while providing exceptional customer service, quickly shipping complete orders coast-to-coast. Our products are proudly made in America at our vertically-integrated, single-site, Texas campus.
  • As discussed in Note 1, in the notes to the financial statements, the duration or re-emergence of the COVID-19, or any of its ongoing variants, outbreak and their long-term impact on our business remain uncertain. Developments surrounding COVID-19, and any of the ongoing variants, continue to change, and we have limited visibility into the extent to which market demand for our products, as well as sector manufacturing and distribution capacity, will be impacted.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: broad, input, maintaining, power, proudly, quickly, slight
Removed: driver, hedging, housing, industrial, interior, manufactured, risky, spread, supplier, wiring

Patents

Utility
Ground wire side car
24 May 22
An apparatus for the transportation and dispensing of spooled wire or cable, the apparatus comprising a payoff reel, wherein the payoff reel comprises an arbor hole having a payoff reel diameter and a detachable side car reel, wherein the detachable side car reel comprises an arbor hole having a detachable side car reel diameter and wherein the detachable side car reel is attachable to the payoff reel and wherein the detachable side car reel further comprises a reel lift.
Utility
Method of manufacture of electrical wire and cable having a reduced coefficient of friction and required pulling force
10 May 22
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 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; a predetermined amount by weight of mineral oil in the range of 0.1% to 5% by weight; and a predetermined amount of silica in the range of 2% to 9% by weight; 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.
Utility
System and apparatus for applying labels to cable or conduit
3 May 22
A system for applying labels to cable or conduit including at least one label and a label applicator.
Utility
Apparatus for controlling the printing on cable
3 May 22
An apparatus for controlling the printing on wire or cable.
Utility
Power driven circuit wire box
26 Apr 22
An apparatus for the dispensing and retraction of wire or cable.