This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Encore Wire's CEO Discusses Q4 2011 Results - Earnings Call Transcript

Stocks in this article: WIRE

Encore Wire Corporation ( WIRE)

Q4 2011 Earnings Call

February 22, 2012 11:00 am ET


Daniel Jones - President, CEO, Director

Frank Bilban - CFO, VP - Finance, Treasurer, Secretary


Dmitriy Shapiro - Global Hunter

Robert Kelly - Sidoti & Company

Keith Johnson - Morgan Keegan

Bill Baldwin - Baldwin Anthony Securities

Brad Evans - Heartland Funds

Kerry Rigdon - Mayberry

Joe Giamichael - Global Hunter



Ladies and gentlemen hello and welcome to today’s Encore Wire fourth quarter earnings conference call. As a reminder, all phone lines are on listen-only mode and there will be time for question-and-answers at the end of the conference. (Operator Instructions).

At this time, I’d like to turn the call over to Mr. Daniel Jones, President and Chief Executive Officer to begin. Please go ahead.

Daniel Jones

Thank you, Eric and good morning ladies and gentlemen and welcome to the Encore Wire Corporation’s quarterly conference call. I’m Daniel Jones, the President and Chief Executive Officer of Encore Wire and with me this morning is Frank Bilban, our Chief Financial Officer. I'm pleased to announce strong quarterly earnings in a turbulent economy and the severe recessions currently taking place in the construction industry. As we have repeatedly noted, the key metric to our earnings is the spread between the cost of wire sold and cost of raw copper purchased in any given period.

The spread increased 42.5% in the fourth quarter of 2011 versus the fourth quarter of 2010. For the year ended December 31, 2011 the spread increased 33.8% versus the year ended December 31, 2011 the spread increased 33.8% versus the year ended December 31, 2010 driving our increased earnings while unit volumes also increased 6.2%. The earnings per share of $2.14 in 2011 was the second highest in the history of the company. While the net sales dollars of 1.180 billion were the highest since 2007 and the third highest in our 22 year history.

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs