Encore wire reports first quarter results; highlights continued share repurchases during 2023

Mckinney, texas--(business wire)--encore wire corporation (nasdaq global select: wire) today announced results for the first quarter of 2023. first quarter 2023 highlights first quarter earnings per diluted share of $6.50 first quarter net income of $119.5 million gross profit of 31.1% in the first quarter of 2023; 33.7% in the first quarter of 2022 cash on hand of $697.4 million as of march 31, 2023; $730.6 million as of december 31, 2022 capital expenditures of $31.8 million in 2023 company r.
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