Encore wire corporation stock10/9/2023 ![]() ![]() Further, backtesting allows the security selection methodology to be adjusted until past returns are maximized. Since trades have not actually been executed, results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity, and may not reflect the impact that certain economic or market factors may have had on the decision-making process. Specifically, backtested results do not reflect actual trading or the effect of material economic and market factors on the decision-making process. Backtested performance is developed with the benefit of hindsight and has inherent limitations. This information is provided for illustrative purposes only. No representations and warranties are made as to the reasonableness of the assumptions. ![]() Certain assumptions have been made for modeling purposes and are unlikely to be realized. Changes in these assumptions may have a material impact on the backtested returns presented. General assumptions include: XYZ firm would have been able to purchase the securities recommended by the model and the markets were sufficiently liquid to permit all trading. Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. Backtested performance is not an indicator of future actual results. Net income increased to $717.8.Disclaimer: The TipRanks Smart Score performance is based on backtested results. Read moreĪverage selling prices for wire. Read moreĪ provision for payment discounts. Read moreĪdditionally, aluminum net sales increased. Senior management monitors gross margins. ![]() Read moreĪccounts receivable was impacted by. Read moreĪccounts receivable increased $7.6 million. This authorization originally expired on December 31, 2007, and the Company's Board of Directors has authorized several increases and annual extensions of this stock repurchase program, most recently on August 1, 2022, authorizing the repurchase of up to 2,000,000 shares of our common stock. Trade accounts payable and accrued liabilities favorably impacted cash by $66.9 million in 2021 versus favorably impacting cash by $7.6 million in 2020, a positive swing of $59.3 million. The Company prides itself on striving to grow sales by expanding its product offerings where profit margins are acceptable. #Encore wire corporation stock full#The overall increase in total volumes shipped, along with an increase in aluminum spreads during 2022, resulted in the increased gross profit margin for the full year of 2022 when compared to 2021. The increase in copper spreads in 2022 over 2021, along with increased aluminum spreads over the same period, coupled with an overall increase in total volumes shipped, drove the gross profit margin higher in 2022 compared to 2021. Other Inside Encore Wire Corp's 10-K Annual Report: ![]()
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