Encore Wire Corp (NAS:WIRE)
$ 280.36 -0.66 (-0.23%) Market Cap: 4.43 Bil Enterprise Value: 3.82 Bil PE Ratio: 14.87 PB Ratio: 2.44 GF Score: 87/100

Q2 2019 Encore Wire Corp Earnings Call Transcript

Jul 31, 2019 / 03:00PM GMT
Release Date Price: $54.92 (-0.13%)
Operator

Welcome to the Encore Wire Second Quarter Earnings Conference Call. My name is Jenny, 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. You may begin.

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

Thank you, Jenny, and good morning, ladies and gentlemen, 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. With me this morning is Frank Bilban, our Chief Financial Officer.

We're pleased with our results in the second quarter and 6 months ended on June 30. There are some key items to note. Unit volumes increased in the second quarter and year-to-date comparisons of 2019 to 2018. Copper unit volumes increased 5.6% in the second quarter of 2019 versus the second quarter of 2018 and increased 9.3% in the 6-month comparison. The unit volume increases -- or increase was achieved,

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