Encore Wire Corp (NASDAQ:WIRE) Q3 2022 Earnings Conference Call October 26, 2022 11:00 AM ET
Company Participants
Bret Eckert - CFO, VP, Finance, Treasurer & Secretary
Daniel Jones - Chairman, President & CEO
Conference Call Participants
Julio Romero - Sidoti & Company
Brent Thielman - D.A. Davidson & Co.
William Baldwin - Baldwin Anthony Securities
Eric Marshall - Hodges Capital Management
Brian Gibson - Raymond James
Operator
Welcome to the Encore Wire Reports Third Quarter Results Conference Call. My name is Vanessa, and I will be your operator for today's call. [Operator Instructions].
I will now turn the call over to Bret Eckert. Sir, you may begin.
Bret Eckert
Thank you, Vanessa. Good morning, and welcome to the Encore Wire Corporation quarterly conference call. I'm Bret Eckert, Chief Financial Officer of Encore Wire. With me this morning is Daniel Jones, President, CEO, and Chairman of the Board. In a minute, we will review Encore's financial results for the third quarter ended September 30, 2022. After the financial review, we will take any questions you may have. 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. 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. I refer each of you to the company's SEC reports and news releases for a more detailed discussion of these risks and uncertainties. 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'll now turn the call over to Daniel for some opening remarks. Daniel?
Daniel Jones
Good morning, everyone, and thank you for joining us on the call and for your interest in Encore Wire. We appreciate your continued investment, confidence and support. 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. 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 one-location vertically-integrated business model affords us the manufacturing scale and flexibility to enhance job start efficiency. 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.