This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Encore Wire CEO Discusses Q2 2011 Results - Earnings Call Transcript

Encore Wire Corporation ( WIRE)

Q2 2011 Earnings Call

July 28, 2011 11:00 am ET


Daniel Jones – President and CEO

Frank Bilban – CFO


Robert Kelly – Sidoti

Eric Marshall [ph]

Kerry Rigdon – Mayberry Partners

Tom Brashear – Preston Capital Management



Hello, ladies and gentlemen, and welcome to the Encore Wire, second quarter earnings conference. As a reminder, all of your lines will be on a listen-only mode. However, we will have a Q&A session at the end of the call. (Operator instructions) At this time, I would like to introduce and turn the call over to Mr. Daniel Jones, President and CEO of Encore Wire. Go ahead, Mr. Jones.

Daniel Jones

Thank you, Angie, and good morning ladies and gentlemen and welcome to the Encore Wire Corporation quarterly conference call. I’m Daniel Jones, the President and Chief Executive Officer of Encore Wire. With me this morning is Frank Bilban, our Chief Financial Officer.

We’re pleased to announce strong quarterly earnings in the midst of the severe recession currently taking place in the construction industry. As we’ve repeatedly noted, the key metric to our earnings is the spread between the price of wire sold and cost of raw copper purchased in any given period.

The spread increased 22.2% in the second quarter of 2011, versus the second quarter of 2010, while our unit volume shipped in the second quarter of 2011 increased 1.9% versus the second quarter of 2010. For the six months ended June 30, 2011, the spread increased 30.4% versus the six months ended June 30 2010, driving our increased earnings. On a unit volume for the same time period of six months 2010 versus six months 2011, increased 13.4%,

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.26 -1.70%
FB $116.84 0.09%
GOOG $690.75 -0.04%
TSLA $238.75 -3.60%
YHOO $36.33 -0.71%


Chart of I:DJI
DOW 17,713.31 -117.45 -0.66%
S&P 500 2,054.43 -21.38 -1.03%
NASDAQ 4,750.5750 -54.7160 -1.14%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs