---
schema_version: "secwatch.filing_event.v1"
accession: "0000850460-24-000024"
form_type: "8-K"
ticker: null
cik: "0000850460"
company_name: "ENCORE WIRE CORP"
filed_at: "2024-04-23T23:59:59+00:00"
generated_at: "2026-06-03T13:10:07.645847+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Encore Wire Q1 EPS $3.92, net income $63.3M; revenue down 4.2% YoY; merger with Prysmian pending

## Summary
- Diluted EPS $3.92 ($63.3M) vs $6.50 ($119.5M) in Q1 2023; net sales $632.7M, -4.2% YoY.
- Copper volume +19.7% YoY; average selling price per copper pound -16.2%; gross margin 21.5% vs 31.1%.
- Cash $614.1M, no debt; 2024-2026 capex guided at $130-150M annually.
- Declared $0.02 cash dividend in Q1; no earnings call due to pending merger with Prysmian.
- New residential wire facility substantially complete early Q3 2024 to increase capacity.

## SEC filing metadata
- accession: 0000850460-24-000024
- form_type: 8-K
- cik: 0000850460
- company_name: ENCORE WIRE CORP
- filed_at: 2024-04-23T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/850460/000085046024000024/0000850460-24-000024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/850460/000085046024000024/wire-20240423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000850460-24-000024
- JSON: https://secwatch.observer/filing/0000850460-24-000024.json
- Plain text: https://secwatch.observer/filing/0000850460-24-000024.txt

## Key facts
- Earnings Releases
  ENCORE WIRE CORP reported first quarter of 2024 results: revenue $632.7 million, net income $63.3 million, EPS $3.92.
  - Period: first quarter of 2024
  - Revenue: $632.7 million
  - Net income: $63.3 million
  - EPS: $3.92
  - Result: reported results
  source text: Net sales for the first quarter ended March 31, 2024 were $632.7 million compared to $660.5 million in the first quarter ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/850460/000085046024000024/0000850460-24-000024-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.