Encore’s net income sinks 60.5% in 2012

Feb 21, 2013 | 01:59 PM | Suzy Waite

Tags  Encore Wire, Daniel Jones, copper, quarterly earnings, wire prices, Suzy Waite

NEW YORK — Encore Wire Corp.’s net income tumbled in 2012 on lower building wire prices and fewer sales.

The McKinney, Texas-based wire producer reported net income of $19.8 million in 2012, down 60.5 percent from $50.1 million a year earlier, on sales that fell 9.2 percent to $1.07 billion from $1.18 billion. ....

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