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WIRE Encore 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.

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

28 Apr 21
29 Jul 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 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) 154.97M 154.97M 154.97M 154.97M 154.97M 154.97M
Cash burn (monthly) 9.39M 4.32M (positive/no burn) (positive/no burn) 281.67K (positive/no burn)
Cash used (since last report) 37.16M 17.12M n/a n/a 1.12M n/a
Cash remaining 117.81M 137.85M n/a n/a 153.85M n/a
Runway (months of cash) 12.6 31.9 n/a n/a 546.2 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
10 Jun 21 Ford Matthew D. Common Stock, par value $0.01 per share Option exercise Aquire M No No 28.74 3,000 86.22K 20,000
10 Jun 21 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 0
4 May 21 Fisher Gregory J Common Stock, par value $0.01 per share Grant Aquire A No No 0 1,250 0 9,850
4 May 21 Wilson John H Common Stock, par value $0.01 per share Grant Aquire A No No 0 1,250 0 10,350
4 May 21 Weaver Scott D Common Stock, par value $0.01 per share Grant Aquire A No No 0 1,250 0 25,350
4 May 21 Thomas William R III Common Stock, par value $0.01 per share Grant Aquire A No No 0 1,250 0 9,850

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

88.8% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 181 2 +8950.0%
Opened positions 179 2 +8850.0%
Closed positions 0 0
Increased positions 0 0
Reduced positions 2 0 NEW
13F shares
Current Prev Q Change
Total value 2.05B 186.32M +998.3%
Total shares 18.31M 3.08M +495.4%
Total puts 42.7K 0 NEW
Total calls 23.8K 0 NEW
Total put/call ratio 1.8
Largest owners
Shares Value Change
BLK Blackrock 3.35M $224.83M NEW
Vanguard 2.08M $139.44M NEW
Dimensional Fund Advisors 1.56M $104.99M -2.8%
Victory Capital Management 1.45M $97.46M -1.0%
JHG Janus Henderson 677.58K $45.49M NEW
STT State Street 668.54K $44.89M NEW
Barrow Hanley Mewhinney & Strauss 666.08K $44.71M NEW
Frontier Capital Management 527.24K $35.39M NEW
WHG Westwood 495.34K $33.25M NEW
Royce & Associates 454.03K $30.48M NEW
Largest transactions
Shares Bought/sold Change
BLK Blackrock 3.35M +3.35M NEW
Vanguard 2.08M +2.08M NEW
JHG Janus Henderson 677.58K +677.58K NEW
STT State Street 668.54K +668.54K NEW
Barrow Hanley Mewhinney & Strauss 666.08K +666.08K NEW
Frontier Capital Management 527.24K +527.24K NEW
WHG Westwood 495.34K +495.34K NEW
Royce & Associates 454.03K +454.03K NEW
Geode Capital Management 422.65K +422.65K NEW
NTRS Northern Trust 413.48K +413.48K NEW

Financial report summary

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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 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.
  • Encore believes it is a low-cost manufacturer of electrical building wire and cable. The Company is a significant supplier of building wire for interior electrical wiring in commercial and industrial buildings, homes, apartments, and manufactured housing.
  • As discussed in Note 1, in the notes to the financial statements, the duration and severity of the COVID-19 pandemic outbreak and its long-term impact on our business are uncertain at this time. Developments surrounding the COVID-19 global pandemic are continuing to change daily, 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: behalf, bret, certificate, Certification, Chairman, critical, daniel, document, duly, eckert, embedded, entered, Extension, February, government, Inline, instance, Label, lender, Linkbase, Officer, online, previously, Restated, Schema, Secretary, surfaced, swingline, Taxonomy, terminated, thereunto, travel, Treasurer, undersigned, Vice, XBRL
Removed: activity, adverse, adversely, applied, bad, bankruptcy, carefully, chain, collect, collectability, collective, compute, consistently, construction, continuation, cyclical, decline, delayed, Deterioration, disease, disruption, downturn, epidemic, evaluating, execute, face, inability, incurred, insolvency, limit, low, met, model, noted, occurrence, October, parallel, pool, precipitously, presently, prior, public, recognition, reduced, reliable, remodeling, representative, residential, supersede, supportable, threshold, Topic, user, variety, wide, widespread

Patents

GRANT
Utility
Print head cooling jacket
29 Jun 21
An apparatus for cooling a print head implemented on a wire and cable manufacturing line, the apparatus comprising a sleeve, wherein the sleeve has an internal portion and an external portion and wherein the sleeve forms an internal void marginally larger than the size of the print head and wherein the sleeve further comprises an elongated surface; a front surface connected to the elongated surface, wherein the front surface comprises an ink outlet opening; a rear surface connected to the elongated surface, wherein the rear surface comprises a cable opening; a channel connected to the internal portion of the sleeve, wherein the channel comprises an open side facing the internal void and wherein the channel on the internal portion of the sleeve extends from the rear to the front of the sleeve; an air inlet compartment in communication with the channel and enclosed by the rear surface; an air inlet in communication with the air inlet compartment; and an exhaust channel connected to the sleeve and extending from the front surface to the rear surface along the elongated surface and connected to the channel at the front of the sleeve.
GRANT
Utility
Wire caddy for transporting and dispensing wire or cable
22 Jun 21
An apparatus for the transportation and dispensing of spooled wire or cable, the apparatus including a handle structure wherein the handle structure has a first end and a second end, a first support structure attached to the first end of the handle structure, a second support structure attached to the second end of the handle structure, a first spool center insert attached to the first support structure, a second spool center insert attached to the second support structure, a first leg moveably attached to the first support structure, a second leg moveably attached to the second support structure, and wherein a spool of spooled wire or cable is attached to the first and second spool center inserts during transportation and dispensing of the spooled wire or cable.
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.