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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Encore Wire Corporation    WIRE

ENCORE WIRE CORPORATION

(WIRE)
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Encore Wire : EBITDA Reconciliation – Q2 2020

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08/01/2020 | 12:31pm EDT

The term "EBITDA" is used by the Company in presentations, quarterly conference calls and other instances as appropriate. EBITDA is defined as net income before interest, income taxes, depreciation and amortization. The Company presents EBITDA because it is a required component of financial ratios reported by the Company to the Company's banks, and is also frequently used by securities analysts, investors and other interested parties, in addition to and not in lieu of measures of financial performance calculated and presented in accordance with Generally Accepted Accounting Principles ("GAAP"), to compare to the performance of other companies who also publicize this information. EBITDA is not a measurement of financial performance calculated and presented in accordance with GAAP and should not be considered an alternative to net income as an indicator of the Company's operating performance or any other measure of financial performance calculated and presented in accordance with GAAP.

The Company has reconciled EBITDA with net income for fiscal years 1996 to 2019 on previous reports on Form 8-K filed with the Securities and Exchange Commission. EBITDA for each period pertinent to this press release is calculated and reconciled to net income as follows:

Quarter Ended June 30,

Six Months Ended June 30,

In Thousands

2020

2019

2020

2019

Net Income

$

12,347

$

17,782

$

30,955

$

31,193

Income Tax Expense

3,664

5,364

9,424

9,359

Interest Expense

60

59

119

119

Depreciation and Amortization

4,750

4,441

9,321

8,785

EBITDA

$

20,821

$

27,646

$

49,819

$

49,456

Disclaimer

Encore Wire Corporation published this content on 24 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 August 2020 16:31:14 UTC

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Financials (USD)
Sales 2020 1 203 M - -
Net income 2020 59,6 M - -
Net cash 2020 210 M - -
P/E ratio 2020 18,7x
Yield 2020 0,15%
Capitalization 1 134 M 1 134 M -
EV / Sales 2020 0,77x
EV / Sales 2021 0,73x
Nbr of Employees 1 380
Free-Float 73,3%
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Mean consensus OUTPERFORM
Number of Analysts 2
Average target price 57,50 $
Last Close Price 53,99 $
Spread / Highest target 7,43%
Spread / Average Target 6,50%
Spread / Lowest Target 5,58%
EPS Revisions
Managers
NameTitle
Daniel L. Jones Chairman, President & Chief Executive Officer
Bret J. Eckert Chief Financial Officer, Secretary, Treasurer & VP
Scott D. Weaver Independent Director
John H. Wilson Lead Independent Director
William R. Thomas Independent Director
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