8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):
October 25, 2006

ENCORE WIRE CORPORATION

(Exact name of Registrant as specified in its charter)

Delaware	0-20278	75-2274963
(State or other jurisdiction of	Commission	(I.R.S. Employer
incorporation or organization)	File Number	Identification No.)
1410 Millwood Road McKinney, Texas		75069
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (972) 562-9473

(Former name, former address and former fiscal year, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Section 2—Financial Information

Item 2.02. Results of Operations and Financial Condition.

     On October 25, 2006, Encore Wire Corporation, a Delaware corporation (the “Company”), issued an earnings release describing selected financial results of the Company for the third quarter of 2006. A copy of the Company’s earnings release is attached hereto as Exhibit 99.1 and incorporated herein by reference.

     Limitation on Incorporation by Reference:

     In accordance with general instruction B.2 of Form 8-K, the information in this report, including exhibits, is furnished pursuant to Item 2.02 and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liability of that section.

Section 7—Regulation FD

Item 7.01. Regulation FD Disclosure.

     On October 25, 2006, the Company issued an earnings release describing selected financial results of the Company for the third quarter of 2006. A copy of the Company’s earnings release is attached hereto as Exhibit 99.1 and incorporated herein by reference.

     Limitation on Incorporation by Reference:

     In accordance with general instruction B.2 of Form 8-K, the information in this report, including exhibits, is furnished pursuant to Item 7.01 and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liability of that section.

Section 9—Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits.

(c) Exhibits.

99.1 October 25, 2006 Earnings Release by Encore Wire Corporation regarding third quarter 2006 results.

SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	ENCORE WIRE CORPORATION
Date: October 25, 2006		By:	/s/ FRANK J. BILBAN
			Frank J. Bilban, Vice President — Finance,
			Chief Financial Officer, Treasurer and Secretary

INDEX TO EXHIBITS

Item	Exhibit
99.1	October 25, 2006 Earnings Release by Encore Wire Corporation regarding third quarter 2006 results.

EX-99.1

EXHIBIT 99.1

[Encore Wire Corporation Logo Omitted]

Encore Wire Corporation	PRESS RELEASE		October 25, 2006
1410 Millwood Road
McKinney, Texas 75069		Contact:	Frank J. Bilban
972-562-9473			Vice President & CFO

For Immediate Release

ENCORE WIRE REPORTS RECORD NINE-MONTH RESULTS

MCKINNEY, TX — Encore Wire Corporation (NASDAQ Global Select: WIRE) announced today that nine-month sales and earnings set new Company records.

Net sales for the first nine months of 2006 increased $473.1 million or 92.1% to a record $987.0 million compared to $513.9 million during the first nine months of 2005. Higher prices for building wire sold in 2006, driven by higher copper costs, primarily accounted for the increase in net sales dollars versus 2005. Net income for the first nine months of 2006 increased 643% to a record $109.0 million versus $14.7 million in the first nine months of 2005. Fully diluted net earnings per common share were $4.60 in the first nine months of 2006 versus $0.63 in the first nine months of 2005.

Net sales for the third quarter of 2006 increased $165.4 million or 80% to a record $372.9 million compared to $207.5 million during the third quarter of 2005. Net income for the third quarter of 2006 increased 219% to $35.8 million versus $11.2 million in the third quarter of 2005. Fully diluted net earnings per common share increased to $1.51 in the third quarter of 2006 versus $0.48 in the third quarter of 2005.

Commenting on the results, Daniel L. Jones, President and Chief Executive Officer of Encore Wire Corporation, said, “We are proud to announce new records for sales and earnings in the first nine months of 2006. Results from our trailing twelve months also set new records in net sales of $1.231 billion and fully diluted earnings per share of $6.10. Copper prices have been relatively volatile, but continue to trade near historic highs, driven by strong global demand. A variety of industry sources indicate the outlook for commercial construction is positive nationwide. As we previously reported, we began shipping armored cable to customers in July. We continue to install machinery in the new armored cable plant to enable us to manufacture a broad mix of armored cable products and seek to maintain our historically high order fill rates. Due to our strong cash flow in the third quarter, our debt rose only $30.5 million to $185.0 million despite the fact that our working capital requirements increased by $65.8 million and we invested $3.8 million on capital expenditures. Our shareholders’ equity increased by $110.7 million in the first nine months of 2006 to $321.2 million. We will continue to manage the Company to grow sales and earnings while maintaining our historically strong and conservative balance sheet. We also want to thank our employees and associates for their tremendous efforts and our stockholders for their support.”

Encore Wire Corporation manufactures a broad range of copper electrical wire for interior wiring in homes, apartments, manufactured housing and commercial and industrial buildings.

The matters discussed in this news release, other than the historical financial information, including statements about the copper pricing environment, profitability and shareholder value, may include forward-looking statements that involve risks and uncertainties, including fluctuations in the price of copper and other raw materials, the impact of competitive pricing and other risks detailed from time to time in the Company’s reports filed with the Securities and Exchange Commission. Actual results may vary materially from those anticipated.

Encore Wire Corporation
P.O. Box 1149
1410 Millwood Road
McKinney, Texas 75069
(972) 562-9473
Condensed Consolidated Balance Sheets
(In Thousands)
(Unaudited)

	September 30,			December 31,
	2006			2005
ASSETS
Current Assets
Cash	$	34,683		$	2,622
Receivables, net		292,078			164,930
Inventories		114,323			67,932
Prepaid Expenses and Other		28,215			19,749
Total Current Assets		469,299			255,233
Property, Plant and Equipment, net		103,303			93,137
Other Assets		102			106
Total Assets	$	572,704		$	348,476
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities
Accounts Payable	$	31,541		$	17,277
Accrued Liabilities and Other		25,060			38,844
Total Current Liabilities		56,601			56,121
Long Term Liabilities
Note Payable		184,067			70,438
Other Long Term Liabilities		933			762
Non-Current Deferred Income Taxes		9,913			10,620
Total Long Term Liabilities		194,913			81,820
Total Liabilities		251,514			137,941
Stockholders’ Equity
Common Stock		261			259
Additional Paid in Capital		40,628			38,932
Treasury Stock		(15,275	)		(15,275	)
Retained Earnings		295,576			186,619
Total Stockholders’ Equity		321,190			210,535
Total Liabilities and Stockholders’ Equity	$	572,704		$	348,476

Encore Wire Corporation
P.O. Box 1149
1410 Millwood Road
McKinney, Texas 75069
(972) 562-9473
Condensed Consolidated Statements of Income
(In Thousands)
(Unaudited)

	Quarter Ended September 30,								Nine Months Ended September 30,
	2006				2005				2006				2005
Net Sales	$	372,915	100.0	%	$	207,459	100.0	%	$	987,011	100.0	%	$	513,917	100.0	%
Cost of Sales		298,649	80.1	%		176,462	85.1	%		766,520	77.7	%		456,802	88.9	%
Gross Profit		74,266	19.9	%		30,997	14.9	%		220,491	22.3	%		57,115	11.1	%
Selling, General and Administrative Expenses		16,589	4.4	%		12,769	6.2	%		46,760	4.7	%		33,254	6.5	%
Operating Income		57,677	15.5	%		18,228	8.8	%		173,731	17.6	%		23,861	4.6	%
Net Interest & Other Expense		2,530	0.7	%		1,074	0.5	%		5,608	0.6	%		2,676	0.5	%
Income before Income Taxes		55,147	14.8	%		17,154	8.3	%		168,123	17.0	%		21,185	4.1	%
Income Taxes		19,386	5.2	%		5,949	2.9	%		59,166	6.0	%		6,517	1.3	%
Net Income	$	35,761	9.6	%	$	11,205	5.4	%	$	108,957	11.0	%	$	14,668	2.9	%
Basic Earnings Per Share	$	1.54			$	0.48			$	4.69			$	0.63
Diluted Earnings Per Share	$	1.51			$	0.48			$	4.60			$	0.63
Weighted Average Number of Common and Common Equivalent Shares Outstanding:
—Basic		23,267				23,111				23,248				23,108
—Diluted		23,680				23,495				23,666				23,447