Encore wire reports strong second quarter results; highlights share repurchases during quarter; board increases share repurchase authorization

Mckinney, texas--(business wire)--encore wire corporation (nasdaq global select: wire) (“encore wire” or the “company”) today announced results for the second quarter of 2023. second quarter and ytd 2023 highlights second quarter earnings per diluted share of $6.01; ytd earnings per diluted share of $12.53 second quarter net income of $104.7 million; ytd net income of $224.2 million gross profit of 26.1% in the second quarter of 2023; 28.6% ytd in 2023 cash on hand of $667.8 million as of june.
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