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Encore Wire Corp

Encore Wire Corporation (WIRE) is a US-based company that engages in the manufacture and sale of a broad range of copper and aluminum electrical building wire. The company's product line includes building wire for use in residential, commercial, and industrial applications, and is available in both solid and stranded configurations.

As of the latest quarter (Q3 2021), Encore Wire Corp reported net sales of $433.8 million, representing a 52.3% increase compared to the same period in 2020. The company's net income for Q3 2021 was $81.3 million, or $2.59 per diluted share, compared to $33.3 million, or $1.11 per diluted share, for the same period in 2020.

For the first nine months of 2021, Encore Wire Corp reported net sales of $1,140.1 million, a 49.1% increase compared to the same period in 2020. The company's net income for the first nine months of 2021 was $188.1 million, or $6.08 per diluted share, compared to $97.9 million, or $3.33 per diluted share, for the same period in 2020.

Encore Wire Corp has shown consistent growth over the past several years, driven by strong demand for building wire and the company's ability to increase production and pricing to keep up with demand. The company has also been able to reduce its debt and improve its financial position, making it an attractive investment for many investors.

It is important to note that past performance is not indicative of future results, and the company's financial performance may be impacted by various factors, including economic conditions, market demand, and industry trends. As such, it is important for investors to conduct their own research and consider seeking advice from a financial advisor before making investment decisions.