secwatch.observer — SEC 8-K summary
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Issuer:     ENCORE WIRE CORP (—)
CIK:        0000850460
Form:       8-K
Filed at:   2024-04-23T23:59:59+00:00
Accession:  0000850460-24-000024
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/850460/000085046024000024/0000850460-24-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/850460/000085046024000024/wire-20240423.htm
  HTML page:      https://secwatch.observer/filing/0000850460-24-000024

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