![]() ![]() The average selling price of wire per copper pound sold increased 15.6% in the six months ended Jversus the six months ended June 30, 2021, while the average cost of copper per pound purchased increased 10.2% for the same period comparison. Gross profit percentage for the six months ended Jwas 36.2% compared to 30.4% for the six months ended June 30, 2021. Copper unit volume, measured in pounds of copper contained in the wire sold, increased 5.5% in the six months ended Jversus the six months ended June 30, 2021. Net sales for the six months ended Jwere $1.561 billion compared to $1.189 billion for the six months ended June 30, 2021. Fully diluted earnings per common share were $10.71 in the second quarter of 2022 versus $8.82 in the second quarter of 2021 and $7.96 in the first quarter of 2022. Net income for the second quarter of 2022 was $210.5 million versus $183.1 million in the second quarter of 2021. The average selling price of wire per copper pound sold decreased 0.7% in the second quarter of 2022 versus the second quarter of 2021, while the average cost of copper per pound purchased increased 3.2%. ![]() Gross profit percentage for the second quarter of 2022 was 38.3% compared to 37.3% in the second quarter of 2021. Copper unit volume, measured in pounds of copper contained in the wire sold, increased 2.7% in the second quarter of 2022 versus the second quarter of 2021. Net sales for the second quarter ended June 30, 2022 were $838.2 million compared to $744.4 million for the second quarter of 2021. McKINNEY, Texas - Encore Wire Corporation announced results for the second quarter of 2022.
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