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972-562-9473 ENCORE WIREⓇ PRESS RELEASE October 26 , 2021 Exhibit 99.1 Contact : Bret J. Eckert Chief Financial Officer ENCORE WIRE REPORTS THIRD QUARTER RESULTS ; STRONG FREE CASH FLOW ; HIGHLIGHTS SHARE REPURCHASES DURING QUARTER McKinney , TX - Encore Wire Corporation ( NASDAQ Global Select : WIRE ) today announced results for the third quarter of 2021 . Third Quarter and YTD 2021 Highlights Third Quarter Earnings per diluted share of $ 8.51 ; YTD Earnings per diluted share of $ 19.31 Third Quarter Net income of $ 175.5 million ; YTD Net income of $ 399.8 million Copper volume sold increased 7.9 % over third quarter of 2020 ; Increased 13.3 % YTD over 2020 YTD levels Cash on hand of $ 294.9 million as of September 30 , 2021 ; up from $ 157.9 million as of June 30 , 2021 Company repurchased 393,379 shares during the quarter Current Ratio of 6.09 as of September 30 , 2021 No long - term debt and revolving credit line remains untapped Net sales for the third quarter ended September 30 , 2021 were $ 716.3 million compared to $ 339.7 million for the third quarter of 2020. Copper unit volume , measured in pounds of copper contained in the wire sold , increased 7.9 % in the third quarter of 2021 versus the third quarter of 2020 . Gross profit percentage for the third quarter of 2021 was 37.8 % compared to 15.7 % in the third quarter of 2020. The average selling price of wire per copper pound sold increased 95.5 % in the third quarter of 2021 versus the third quarter of 2020 , while the average cost of copper per pound purchased increased 48.0 % . Net income for the third quarter of 2021 was $ 175.5 million versus $ 21.0 million in the third quarter of 2020. Fully diluted net earnings per common share were $ 8.51 in the third quarter of 2021 versus $ 1.02 in the third quarter of 2020 . Net sales for the nine months ended September 30 , 2021 were $ 1.905 billion compared to $ 896.1 million for the nine months ended September 30 , 2020. Copper unit volume , measured in pounds of copper contained in the wire sold , increased 13.3 % in the nine months ended September 30 , 2021 versus the nine months ended September 30 , 2020 . Gross profit percentage for the nine months ended September 30 , 2021 was 33.2 % compared to 15.1 % for the nine months ended September 30 , 2020. The average selling price of wire per copper pound sold increased 91.0 % in the nine months ended September 30 , 2021 versus the nine months ended September 30 , 2020 , while the average cost of copper per pound purchased increased 55.6 % for the same period comparison . Net income for the nine months ended September 30 , 2021 was $ 399.8 million versus $ 52.0 million in the nine months ended September 30 , 2020. Fully diluted net earnings per common share were $ 19.31 in the nine months ended September 30 , 2021 versus $ 2.51 in the nine months ended September 30 , 2020 . Aluminum wire represented 9.1 % and 7.5 % , respectively , of our net sales in the quarter and nine months ended September 30 , 2021. Aluminum wire volumes have increased for both the quarter and nine - months ended September 30 , 2021 compared to the comparative periods in the prior year . 1 Commenting on the results , Daniel L. Jones , Chairman , President and Chief Executive Officer of Encore Wire Corporation , said , " The results in the third quarter ended September 30 , 2021 further attest to the strength of our one - campus , vertically integrated , low - cost business model , which has proven successful since inception and is thriving under current market conditions . We remain focused and nimble , adapting to changing customer needs and fluid market dynamics . Throughout the third quarter of 2021 , sales prices and margins remained strong as we successfully navigated raw material price volatility and availability challenges . Our steady , enduring relationships with suppliers and vendors positioned us favorably in the market , allowing us to maintain our overall low - cost structure . By continuing to execute on our core values of providing unbeatable