![]() Demand for our products has remained strong. Our one-location business model also affords us a higher level of agility in adapting to changing market conditions, structuring our operations to quickly service areas of new and growing demand, such as data centers and renewable energy markets. We believe our industry-leading fill rates continue to give us a strategic competitive advantage in the marketplace. Since our inception, we have grown organically under the same value proposition that we were founded on, manufacturing innovative products while providing exceptional customer service focused on quickly shipping complete orders coast to coast. The strong performance is also a reflection of our steadfast commitment to outstanding customer service and our intense focus on shipping complete orders quickly combined with our expanded reinvestment initiatives, such as the XLPE compounding facility, which was substantially complete at the end of the third quarter of this year. We captured the incremental market share by leveraging our single-site vertically integrated campus, deep supplier relationships and strong workforce to quickly manufacture and ship finished goods to our customers, despite the broader macro challenges facing the sector. ![]() Copper and aluminum pounds shipped in the third quarter of 2023 increased by 21% and 96%, respectively, when compared to the third quarter of 2019. These results demonstrate a dynamic shift in volume shift when compared to a pre-COVID baseline. With respect to volume, I am pleased to have shipped a record number of copper and aluminum pounds in the third quarter. I will now turn the call over Daniel for some opening remarks. ![]() I would like to refer everyone to the cautionary language included in our earnings release and too the risk factors described in our SEC filings. And actual results may differ materially from such forward-looking statements. Before we begin our comments we would like to remind everyone that today’s earnings release and certain of our comments on the call include forward-looking statements. With me this morning is Daniel Jones, President, CEO and Chairman of the Board. I am Bret Eckert, Executive Vice President and Chief Financial Officer of Encore Wire. And welcome to the Encore Wire Corporation quarterly conference call. Eckert, please go ahead.īret Eckert: Thank you. We’ll now turn the call over to Bret Eckert. And welcome everyone to the Encore Wire Corporation’s Third Quarter 2023 Earnings Call. Encore Wire Corporation (NASDAQ: WIRE) Q3 2023 Earnings Call Transcript October 25, 2023
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |