I believe our operational agility and speed to market remain competitive advantages in serving our customers' changing needs. This marks the third consecutive quarter of total volume growth driven by continued demand for data center, healthcare and renewable product solutions, among others. By continuing to execute on our core values of providing unbeatable customer service and high order fill rates, we were able to increase both copper and aluminum volumes shipped in the third quarter and year-to-date periods in 2022 over 2021 levels.Ĭopper volumes shipped were also up over second quarter 2022 levels. Our one-location vertically-integrated business model affords us the manufacturing scale and flexibility to enhance job start efficiency. Continued persistent tightness in the availability of certain raw materials and the general inability of the sector to meet demand for the timely delivery of finished goods kept spreads strong in the third quarter of 2022. Our ability to quickly convert raw materials into complete, delivered orders continues to differentiate us in the market, resulting in exceptional earnings in the third quarter of 2022. We appreciate your continued investment, confidence and support. Good morning, everyone, and thank you for joining us on the call and for your interest in Encore Wire. I'll now turn the call over to Daniel for some opening remarks. Also, reconciliations of non-GAAP financial measures discussed during this conference call to the most directly comparable financial measures presented in accordance with GAAP and including EBITDA, which we believe to be useful supplemental information for investors, are posted on our website. I refer each of you to the company's SEC reports and news releases for a more detailed discussion of these risks and uncertainties. In order to comply with certain securities legislation and instead of attempting to identify each particular statement as forward-looking, we advise you that all such statements involve certain risks and uncertainties that could cause actual results to differ materially from those discussed today. Before we review the financials, let me indicate that throughout this conference call, we may be making certain statements that might be considered to be forward-looking. After the financial review, we will take any questions you may have. In a minute, we will review Encore's financial results for the third quarter ended September 30, 2022. With me this morning is Daniel Jones, President, CEO, and Chairman of the Board. I'm Bret Eckert, Chief Financial Officer of Encore Wire. Good morning, and welcome to the Encore Wire Corporation quarterly conference call. I will now turn the call over to Bret Eckert. My name is Vanessa, and I will be your operator for today's call. Welcome to the Encore Wire Reports Third Quarter Results Conference Call. William Baldwin - Baldwin Anthony SecuritiesĮric Marshall - Hodges Capital Management Encore Wire Corp ( NASDAQ: WIRE) Q3 2022 Earnings Conference Call Octo11:00 AM ETīret Eckert - CFO, VP, Finance, Treasurer & Secretary
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |