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ENCORE WIRE REPORTS FINANCIAL RESULTS FOR FOURTH QUARTER

 MCKINNEY, Texas, Feb. 5 /PRNewswire/ -- Encore Wire Corporation (NASDAQ-NMS: WIRE) today reported net sales and earnings for its fourth fiscal quarter ended Dec. 31, 1992.
 Net sales for the fourth quarter of 1992 were $17,378,905, compared to $9,705,842 for the fourth quarter of 1991, up 79 percent from the comparable period in 1991, and up 12 percent from the third quarter of 1992. Net income for the fourth quarter of 1992 was $748,487, compared to $828,402 in the fourth quarter of 1991, a decrease of 10 percent. The reduction was largely a result of competitive price reductions on product that occurred in the fourth quarter of 1992.
 For the year ended Dec. 31, 1992, Encore reported net sales of $63,135,814 compared with net sales of $31,337,599 in the year ended Dec. 31, 1991, an increase of 101 percent. Net income for the year ended Dec. 31, 1992 was $3,332,364, compared with $1,967,811 for the year ended Dec. 31, 1991, an increase of 69 percent.
 Encore reported earnings per share for the year ended Dec. 31, 1992 of $0.64 compared to $0.50 per share for the year ended Dec. 31, 1991. Fourth quarter earnings per share of $0.13 based on weighted average common and common equivalent shares of 5,890,180, compare with $0.21 based on weighted average common and common equivalent shares of 3,934,135 in the comparable quarter of 1991.
 Encore Wire Corporation manufactures copper electrical wire, principally non-metallic sheathed cable for interior wiring of homes, apartments, and manufactured housing.
 -0- 2/5/93
 /CONTACT: Vincent A. Rego of chairman of the board (and other Designees) of Encore Wire Corporation, 214-548-9473/
 (WIRE)


CO: Encore Wire Corporation ST: Texas IN: SU: ERN

SH -- NY023 -- 3493 02/05/93 11:33 EST
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Publication:PR Newswire
Date:Feb 5, 1993
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