12/23/2023 0 Comments Encore cableThe company makes all its products in McKinney and invites its customers to ship wire and cable scrap to its facility. Our continued strong earnings in 2022 validate that our single-site campus model is a strategic competitive advantage in the market today, giving us unmatched flexibility to quickly pivot and adapt to ever-changing market dynamics.” Jones, chairman, president and CEO of Encore, says, “The results for the second quarter of 2022 establish another high-water mark both financially and operationally for Encore Wire. “ Aluminum wire volumes and spreads have increased for both the quarter and six months ended June 30, 2022, compared to the comparative periods in the prior year,” Encore says.ĭaniel L. “The average selling price of wire per copper pound sold increased 15.6 percent in the six months ended June 30, 2022, versus the six months ended June 30, 2021, while the average cost of copper per pound purchased increased 10.2 percent for the same period comparison,” according to the firm.Īluminum wire represented 15 percent of the company’s net sales in the second quarter, boosting the first-half figure to 13.4 percent. So far in 2022, the company says its gross profit percentage for the first six months was 36.2 percent, which compares with just a 30.4 percent figure for the six months of 2021. Encore Wire does not disclose to what extent scrap purchases and wire chopping costs figure into its materials margins. “The average selling price of wire per copper pound sold decreased 0.7 percent in the second quarter of 2022 versus the second quarter of 2021, while the average cost of copper per pound purchased increased 3.2 percent,” the company says. The producer of copper and aluminum wire and cable products, which also runs a wire recycling (chopping) line, says its net sales in this year’s second quarter were $838.2 million, a 12.6 percent increase of percent from the $744.4 million in sales during the second quarter of 2021. Connexion is there to provide you with the top-quality equipment you need to take your next project to the next level.Encore Wire Corp., McKinney, Texas, has announced net income of $210.5 million in this year’s second quarter, representing a 14.96 percent rise from the $183.1 million it earned in the second quarter of last year. When you partner with us, you can rest easy knowing that you have a reliable source for all your cable management needs. We pride ourselves on having what you need in stock, and Encore's Reel Pay Off Premium is no exception. Look no further than Connexion.Ĭonnexion has established itself as a trusted source for a wide range of industrial equipment and supplies. Now, you might be wondering where you can get your hands on this game-changing cable management solution from Encore Wire. It's compact, making it suitable for various work environments, even those with limited space Space Efficient - This product is designed with space efficiency in mind. This equipment excels in maintaining consistent tension, resulting in a higher quality of work. With Encore's Reel Pay Off Premium, you can significantly reduce the physical strain on your workforce and minimize the risk of cable damage.Ĭonsistent Tension - Maintaining the right tension in cables is crucial to prevent damage and ensure optimal performance. Reduced Strain - Manual cable handling can be physically demanding and prone to human error. Its versatility makes it a valuable addition to a wide range of industries. Versatility - Whether you're dealing with fiber optic cables, electrical wiring, or any other type of cable, this product can handle it all. This means less time wasted on untangling, reducing downtime and boosting productivity. Benefits of Encore's Reel Pay Off PremiumĮnhanced Productivity - This product solution allows for smooth and controlled unwinding of cables and wires. These improvements are meticulously crafted to cater to substantial projects, pushing the pioneering concept of a self-rotating wooden reel to an unprecedented level of excellence and setting a new gold standard for cable management solutions. Key enhancements include the integration of a durable metal band and drum, complete with wire-tail slots that can flexibly accommodate a wide range of wire sizes. While some of you might be familiar with Encore's traditional Reel Payoff, have you had the chance to explore Encore's Reel Payoff Premium?Įvolving from the traditional, the Reel Payoff Premium introduces a singular, robust hardwood construction.
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