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972-562-9473 ENCORE WIREⓇ PRESS RELEASE July 27 , 2021 Exhibit 99.1 Contact : Bret J. Eckert Chief Financial Officer ENCORE WIRE REPORTS RECORD SECOND QUARTER RESULTS ; INCREASED VOLUMES ; ANNOUNCES ACCELERATED CAPITAL EXPENDITURE PLAN McKinney , TX - Encore Wire Corporation ( NASDAQ Global Select : WIRE ) today announced results for the second quarter of 2021 . Second Quarter and YTD 2021 Highlights • Second Quarter Earnings per diluted share of $ 8.82 ; YTD Earnings per diluted share of $ 10.81 • Second Quarter Net income of $ 183.1 million ; YTD Net income of $ 224.2 million • Copper volumes sold increased 33.4 % over second quarter of 2020 • Cash on hand of $ 157.9 million as of June 30 , 2021 • Current Ratio of 4.62 as of June 30 , 2021 • No long - term debt and revolving credit line paid down to zero Net sales for the second quarter ended June 30 , 2021 were $ 744.4 million compared to $ 253.6 million for the second quarter of 2020 . Copper unit volume , measured in pounds of copper contained in the wire sold , increased 33.4 % in the second quarter of 2021 versus the second quarter of 2020 . Gross profit percentage for the second quarter of 2021 was 37.3 % compared to 14.4 % in the second quarter of 2020. The average selling price of wire per copper pound sold increased 129.6 % in the second quarter of 2021 versus the second quarter of 2020 , while the average cost of copper per pound purchased increased 73.5 % . Net income for the second quarter of 2021 was $ 183.1 million versus $ 12.3 million in the second quarter of 2020. Fully diluted net earnings per common share were $ 8.82 in the second quarter of 2021 versus $ 0.60 in the second quarter of 2020 . Net sales for the six months ended June 30 , 2021 were $ 1.189 billion compared to $ 556.4 million for the six months ended June 30 , 2020 . Copper unit volume , measured in pounds of copper contained in the wire sold , increased 16.2 % in the six months ended June 30 , 2021 versus the six months ended June 30 , 2020 Gross profit percentage for the six months ended June 30 , 2021 was 30.4 % compared to 14.8 % for the six months ended June 30 , 2020 . The average selling price of wire per copper pound sold increased 89.2 % in the six months ended June 30 , 2021 versus the six months ended June 30 , 2020 , while the average cost of copper per pound purchased increased 60.5 % for the same period comparison . Net income for the six months ended June 30 , 2021 was $ 224.2 million versus $ 31.0 million in the six months ended June 30 , 2020. Fully diluted net earnings per common share were $ 10.81 in the six months ended June 30 , 2021 versus $ 1.50 in the six months ended June 30 , 2020 . On a sequential quarter comparison , net sales for the second quarter of 2021 were $ 744.4 million versus $ 444.1 million during the first quarter of 2021. Sales dollars increased due to a 47.7 % increase in the average selling price per pound of copper wire sold , combined with a 15.1 % unit volume increase of copper building wire sold on a sequential quarter comparison . Gross profit percentage for the second quarter of 2021 was 37.3 % compared to 19.0 % in the first quarter of 2021. Copper wire sales prices increased 47.7 % , while the price of copper purchased increased 13.2 % in the second quarter of 2021 compared to the first quarter of 2021 . Net income for the second quarter of 2021 was $ 183.1 million versus $ 41.2 million in the first quarter of 2021. Fully diluted net income per common share was $ 8.82 in the second quarter of 2021 versus $ 1.99 in the first quarter of 2021 . Aluminum wire represented 6.1 % and 6.6 % , respectively , of our net sales in the quarter and six months ended June 30 , 2021 . 1