Encore Wire's CEO Discusses Q1 2012 Results - Earnings Call Transcript
Encore Wire is one of only 120 companies of the 12,920 public companies that trade on the United States Exchange that has enjoyed positive share appreciation in 2008, 2009 and 2010. Furthermore, Encore Wire is one of only 67 public companies that has enjoyed positive share appreciation in 2008, 2009, 2010 and 2011.
We continue to support industry price increases in an effort to maintain an increased margins. We believe our superior order fill rates continue to enhance our competitive position. As our electrical distributor customers are holding lean inventories in the field. As orders come in from electrical contractors, the distributors can count on our order fill rates to ensure quick deliveries from coast-to-coast. We’ve been able to accomplish this despite holding what or historically lean inventories for us.
We believe our performance is impressive in this economy. We’d like to thank our employees and associates for their tremendous efforts. We’d also like to thank our stockholders for their continued support.
Frank Bilban, our Chief Financial Officer will now discuss our financial results. Frank?
Frank J. BilbanThank you, Daniel. In a minute, we will review Encore’s financial results for the quarter. After the financial review, we will take any questions you might have. Everyone should have received a copy of Encore’s press release covering Encore’s financial results. This release is available on the Internet or you can call Natalie Seelbach at 800-962-9473 and we will get you a copy.Before we review the financials, let me indicate that throughout this conference call, we may make certain statements that might be considered to be forward-looking. In order to comply with certain securities legislation and instead of attempting to identify each particular statement as forward-looking, we advise you that all such statements involve certain risks and uncertainties that could cause actual results to differ materially from those discussed here today. I would refer all of you to the company’s SEC reports and news releases for a more detailed discussion of these risks and uncertainties.Select the service that is right for you!
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