Encore Wire Corp., McKinney, TX, reported first quarter sales of $303.4 million, an increase of 73.2 percent versus the first quarter of 2010. Profit for the manufacturer of copper electrical wire was $10.7 million, compared to a year ago loss of $2.5 million.
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Unit volumes, measured in pounds of copper contained in the wire sold during the period increased 28.9 percent in the first quarter of 2011 versus the first quarter of 2010.
