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Encore Wire

Logo: Encore Wire Corporation, Public domain, via Wikimedia Commons3

Encore Wire is a wire and cable manufacturer based in McKinney, founded in 1989.1

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Last updated Oct 21, 2026.

Overview

1989Founded1

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  • TickerWIRE on NASDAQ1
  • Industryindustrial manufacturing1
  • HeadquartersMcKinney1
  • Websitewww.encorewire.com
  • Incorporated inDE4
  • Business address1329 Millwood Rd, Mckinney, Tx 750694
  • Filer categoryLarge accelerated filer4

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Encore Wire Corporation is a Delaware corporation, incorporated in 1989, with its principal executive office and manufacturing plants located at 1329 Millwood Road, McKinney, Texas 75069. The Company’s telephone number is (972) 562-9473. As used in this annual report, unless otherwise required by the context, the terms “we,” “our,” “Company,” “Encore,” and “Encore Wire” refer to Encore Wire Corporation.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

25.5%Gross margin6
17.6%Operating margin6
14.5%Net margin6
-14.9%Revenue growth, 20236
21.3%Return on equity6
0.00×Debt to equity6
$290.6MFree cash flow6

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Cost of revenue73¢$1.9B
  • Selling, general and admin8¢$204.5M
  • Interest0¢$400.0K
  • Income tax4¢$112.2M
  • Profit14¢$372.4M

Out of $2.6B in revenue.6

Where each dollar of operating cash went, fiscal 2023

  • Capital spending26¢$164.6M
  • Dividends paid0¢$1.4M
  • Share buybacks73¢$460.2M

Out of $455.2M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.6

Financial statements

Revenue789106$2.6B in 2023+121% since 2017
0$1.0B$2.0B$3.0B$4.0B2017: $1.2B$1.2B20172018: $1.3B$1.3B2018+11%2019: $1.3B$1.3B2019−1%2020: $1.3B$1.3B2020+0%2021: $2.6B$2.6B2021+103%2022: $3.0B$3.0B2022+16%2023: $2.6B$2.6B2023−15%
Gross profit789106$655.9M in 2023+320% since 2017
0$500.0M$1.0B$1.5B2017: $156.2M$156.2M20172018: $189.7M$189.7M2018+21%2019: $166.0M$166.0M2019−13%2020: $194.5M$194.5M2020+17%2021: $867.7M$867.7M2021+346%2022: $1.1B$1.1B2022+28%2023: $655.9M$655.9M2023−41%
Operating income789106$451.4M in 2023+468% since 2017
0$250.0M$500.0M$750.0M$1.0B2017: $79.4M$79.4M20172018: $99.5M$99.5M2018+25%2019: $71.5M$71.5M2019−28%2020: $97.5M$97.5M2020+36%2021: $699.2M$699.2M2021+617%2022: $915.0M$915.0M2022+31%2023: $451.4M$451.4M2023−51%
Net income789106$372.4M in 2023+456% since 2017
0$200.0M$400.0M$600.0M$800.0M2017: $67.0M$67.0M20172018: $78.2M$78.2M2018+17%2019: $58.1M$58.1M2019−26%2020: $76.1M$76.1M2020+31%2021: $541.4M$541.4M2021+612%2022: $717.8M$717.8M2022+33%2023: $372.4M$372.4M2023−48%
Fiscal year2017201820192020202120222023
Revenue$1.2B7$1.3B8$1.3B9$1.3B10$2.6B6$3.0B6$2.6B6
Cost of revenue$1.0B7$1.1B8$1.1B9$1.1B10$1.7B6$1.9B6$1.9B6
Gross profit$156.2M7$189.7M8$166.0M9$194.5M10$867.7M6$1.1B6$655.9M6
Selling, general and admin$76.7M7$90.2M8$94.4M9$97.0M10$168.5M6$197.4M6$204.5M6
Operating income$79.4M7$99.5M8$71.5M9$97.5M10$699.2M6$915.0M6$451.4M6
Interest$200.0K7$300.0K8$200.0K9$200.0K10$400.0K6$400.0K6$400.0K6
Income before tax$699.4M6$924.9M6$484.6M6
Income tax$12.9M7$23.5M8$17.6M9$22.7M10$158.0M6$207.0M6$112.2M6
Net income$67.0M7$78.2M8$58.1M9$76.1M10$541.4M6$717.8M6$372.4M6
Earnings per share$3.237$3.758$2.789$3.6910$26.496$37.476$22.076
Earnings per share (diluted)$3.217$3.748$2.779$3.6810$26.226$36.916$21.626
Shares (weighted, basic)20.4M shares619.2M shares616.9M shares6
Shares (weighted, diluted)20.6M shares619.4M shares617.2M shares6

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Corporate structure

Encore Wire sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Encore Wire

  • Encore Wire McKinney

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Encore Wire reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$1.1B6 Dec 31, 2023$897.3M6 Dec 31, 2022+18.4%
Accumulated depreciation$305.8M6 Dec 31, 2023$280.7M6 Dec 31, 2022+8.9%
Property and equipment, net$756.9M6 Dec 31, 2023$616.6M6 Dec 31, 2022+22.7%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$560.6M6 Dec 31, 2023$730.6M6 Dec 31, 2022−23.3%

Inventory

ItemLatestA year beforeChange
Inventory, total$163.7M6 Dec 31, 2023$153.2M6 Dec 31, 2022+6.8%
Raw materials$64.5M6 Dec 31, 2023$69.6M6 Dec 31, 2022−7.3%
Work in process$55.9M6 Dec 31, 2023$42.6M6 Dec 31, 2022+31.2%
Finished goods$139.3M6 Dec 31, 2023$138.9M6 Dec 31, 2022+0.3%

Leadership

Who has led Encore Wire, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Daniel L. Jones2007–2024

Chair

  1. Vincent A. Rego2006
  2. Daniel L. Jones2016–2024

President

  1. Daniel L. Jones2007–2024

Chief financial officer

  1. Frank J. Bilban2009–2019
  2. Bret J. Eckert2020–2024
19901995200020052010201520202025
Board members and other officers (10)

Products and brands

  • power cable

Listed on Wikidata.1

Former names

  • ENCORE WIRE CORP /DE/Feb 15, 1996 to Apr 22, 20094

Timeline

  1. Jul 2, 20248-K Ended a material agreement; Completed an acquisition or sale; Listing notice or transfer30
  2. Jun 26, 20248-K Shareholder vote31
  3. Jun 26, 20248-K Shareholder vote32
  4. May 30, 20248-K Other events33
  5. May 29, 20248-K Other events34
  6. May 9, 20248-K Shareholder vote35
  7. Apr 23, 20248-K Results of operations; Regulation FD disclosure36
  8. Apr 15, 20248-K Entered a material agreement; Bylaws or fiscal year changed; Other events37
  9. Feb 13, 20248-K Results of operations; Regulation FD disclosure38
  10. Oct 24, 20238-K Results of operations; Regulation FD disclosure39
  11. Jul 25, 20238-K Results of operations; Regulation FD disclosure40
  12. May 4, 20238-K Shareholder vote41
  13. Jan 23, 2007New chief executive Daniel L. Jones becomes CEO16
  14. Jul 20, 1992Went public Listed on NASDAQ1
  15. 1989Founded Founded1

Calendar

When it reported results

  1. Apr 23, 2024Reported quarterly or annual results36
  2. Feb 13, 2024Reported quarterly or annual results38
  3. Oct 24, 2023Reported quarterly or annual results39
  4. Jul 25, 2023Reported quarterly or annual results40
  5. Apr 25, 2023Reported quarterly or annual results42
  6. Feb 14, 2023Reported quarterly or annual results43
  7. Oct 25, 2022Reported quarterly or annual results44
  8. Jul 25, 2022Reported quarterly or annual results45

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

111 filings to the SEC since October 2021: 3 annual reports, 8 quarterly reports, 24 major events, 41 insider forms, 13 large holders, 22 other. The latest 20:

  1. Oct 31, 2024SC 13G/A SEC SCHEDULE 13G EDGAR
  2. Jul 12, 202415-12G EDGAR
  3. Jul 2, 2024EFFECT EDGAR
  4. Jul 2, 202425-NSE EDGAR
  5. Jul 2, 20244 EDGAR
  6. Jul 2, 20244 EDGAR
  7. Jul 2, 20244 EDGAR
  8. Jul 2, 20244 EDGAR
  9. Jul 2, 20244 EDGAR
  10. Jul 2, 20244 EDGAR
  11. Jul 2, 20244 EDGAR
  12. Jul 2, 20244 EDGAR
  13. Jul 2, 2024S-8 POS EDGAR
  14. Jul 2, 2024S-8 POS EDGAR
  15. Jul 2, 2024S-8 POS EDGAR
  16. Jul 2, 2024S-8 POS EDGAR
  17. Jul 2, 2024S-8 POS EDGAR
  18. Jul 2, 2024POS AM EDGAR
  19. Jul 2, 20248-K EDGAR
  20. Jun 26, 20248-K/A EDGAR

The 111 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

2 open-market trades by officers, directors and large owners since October 2021: 0 buys and 2 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Feb 21, 2023Ford Matthew D.ControllerSale2,725$200.00$545.0KForm 4
Feb 17, 2023Ford Matthew D.ControllerSale275$200.00$55.0KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Encore Wire is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARENCORE WIRE CORP2
  • CIK0000850460
  • Employer ID (EIN)75-22749632
  • Filer statusLarge accelerated filer2
  • Incorporated inDelaware2
  • Fiscal year endsDecember 312
  • Industry code (SIC)3350 Rolling Drawing & Extruding of Nonferrous Metals2
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance2
  • Business address1329 Millwood Rd, Mckinney, TX 750692
  • Phone972-562-94732
  • Shares outstanding15,788,916 as of Apr 24, 202412
  • Public float$2.1B as of Jun 30, 20236
  • On EDGAR sinceFeb 15, 19962
  • Filings694 in all: 4 (197), 8-K (146), SC 13G/A (91), 10-Q (84), SC 13G (33), DEF 14A (29), 10-K (22), SD (11)2
    All 31 form types

    S-8 POS (8), SC 13D/A (7), UPLOAD (7), 10-K405 (6), 3 (6), S-8 (6), 4/A (5), ARS (5), CORRESP (5), DEFA14A (5), 8-K/A (4), SC 13D (4), EFFECT (2), PRE 14A (2), 10-K405/A (1), 15-12G (1), 25-NSE (1), 5 (1), DEFM14A (1), DEFR14A (1), POS AM (1), PREM14A (1), S-3 (1)

  • Latest filingsAnnual report (10-K) Feb 16, 2024
    Quarterly report (10-Q) Apr 25, 2024
    Proxy statement (DEF 14A) Mar 28, 2024
    Latest 8-K (8-K) Jul 2, 2024

Sources

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    SEC EDGAROther events
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    SEC EDGAROther events
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