Encore Wire Corp., McKinney, Texas, said net sales for the second quarter of 2004 increased 71 percent to $138.1 million compared to $80.6 million during the second quarter of 2003. Net income for the second quarter of 2004 increased 174 percent to $7.3 million versus $2.7 million in the second quarter of 2003.
Vincent A. Rego, chairman and chief executive officer of Encore Wire, said Encore saw significant volatility in the copper and wire markets in the second quarter of 2004.
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