Q4 2018 Encore Wire Corp Earnings Call Transcript

Feb 09, 2024

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Feb 20, 2019 / 04:00PM GMT
Operator

Welcome to the Encore Wire Fourth Quarter Earnings Conference Call. My name is Anna, and I will be your operator for today's call. (Operator Instructions) Please note that this conference is being recorded. I will now turn the call over to Daniel Jones, Chairman, President and CEO. Daniel Jones, you may begin.

Daniel L. Jones - Encore Wire Corporation - Chairman, President & CEO

Thank you, Anna, and good morning, and welcome to the Encore Wire Corporation quarterly conference call. I'm Daniel Jones, the President, CEO and Chairman of the Board of Encore Wire, and with me this morning is Frank Bilban, our CFO.

We're pleased to report a great fourth quarter and full year, our unit sales were up for the year. The $3.74 of EPS in 2018 is a 43% increase over the $2.61 EPS in 2017 and that's from core operations net of the federal tax cut, and represents the second-best EPS in the history of the company.

One of the key metrics to our earnings is the spread between the price of copper wire sold and the cost of raw copper purchased in any given

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