Q4 2019 Encore Wire Corp Earnings Call Transcript

Feb 09, 2024

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Feb 19, 2020 / 04:00PM GMT
Operator

Welcome to the Encore Wire reports fourth quarter and full year 2019 results conference call. My name is Adrienne, and I'll be your operator for today's call. (Operator Instructions) Please note this conference is being recorded.

I'll now turn the call over to Daniel Jones. Daniel Jones, you may begin.

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

Yes, ma'am. Thank you, Adrienne, and good morning, ladies and gentlemen, and welcome to the Encore Wire Corporation quarterly conference call. I'm Daniel Jones, the President, Chief Executive Officer and Chairman of the Board of Encore Wire. And with me this morning is Bret Eckert, our Chief Financial Officer.

Our business in the markets for our products remained strong as evidenced by a 4.1% increase in unit volumes in 2019 compared with 2018. The unit volume increase was achieved even though we continued to face vigorous competition in the marketplace. Despite the strong U.S. construction market and demand for building wire, margins were restrained by competitive pricing

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