Lower copper selling prices drive Encore earnings drop

Apr 25, 2013 | 10:02 AM | Suzy Waite

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

NEW YORK — Encore Wire Corp.’s net income dropped in the first quarter due to lower copper selling prices.

The McKinney, Texas-based wire fabricator reported net income of nearly $6.4 million for the three months ended March 31, down 4.5 percent from $6.7 million in the first quarter of 2012 on sales that fell 5.4 percent to $265.4 million from $280.5 million.....

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