Encore Wire Corp. (NASDAQ Global Select: WIRE), McKinney, TX, reported sales for the third quarter of $262.8 million, an 11.6 percent decrease year-over-year. Profit for the quarter increased 31.2 percent to $14.5 million.
Copper unit volume, measured in pounds of copper contained in the wire sold, increased 3 percent in the third quarter.
Sales for the first nine months were $766.8 million, down 13 percent year-over year. Profit increased 14.3 percent to $36.7 million.
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