Encore Wire Corporation reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 636.46 million compared to USD 838.24 million a year ago. Net income was USD 104.74 million compared to USD 210.54 million a year ago. Basic earnings per share from continuing operations was USD 6.13 compared to USD 10.84 a year ago. Diluted earnings per share from continuing operations was USD 6.01 compared to USD 10.71 a year ago.
For the six months, sales was USD 1,296.95 million compared to USD 1,561.31 million a year ago. Net income was USD 224.22 million compared to USD 372.07 million a year ago. Basic earnings per share from continuing operations was USD 12.75 compared to USD 18.88 a year ago. Diluted earnings per share from continuing operations was USD 12.53 compared to USD 18.62 a year ago.