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

ENCORE WIRE CORPORATION

(Exact name of Registrant as specified in its charter)

Delaware		0-20278		75-2274963
(State or other jurisdiction of incorporation or organization)		Commission File Number		(I.R.S. Employer 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

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 7—Regulation FD

Item 7.01. Regulation FD Disclosure (Pursuant to Item 2.02. “Results of Operations and Financial Condition”).

     The following information, intended to be furnished under Item 2.02, “Results of Operations and Financial Condition,” is instead furnished under Item 7, “Regulation FD Disclosure.”

     On May 1, 2007, Encore Wire Corporation (“the Company”) held its 2007 Annual Meeting of Stockholders (“Annual Meeting”). At the Annual Meeting, Company representatives discussed, among other things, the financial results of the Company for fiscal 2006, as disclosed in the Company’s Form 10-K for the year ended December 31, 2006.

     During the Annual Meeting, the Company disclosed certain non-GAAP financial information related to the Company’s operations. The non-GAAP financial information disclosed was a presentation slide that compared the Company’s EBITDA for fiscal years 1997 — 2006 (the “Slide”). A copy of the Slide is attached hereto as Exhibit 99.1 and incorporated herein by reference.

     The Company is filing this Form 8-K to reconcile EBITDA (the non-GAAP financial information disclosed) with net income. EBITDA as presented is calculated as follows:

		2006				2005				2004				2003				2002
Net Income		$	115,133,195			$	50,078,456			$	33,360,037			$	14,375,665			$	5,964,060
Add:
Income Tax Expense		$	61,607,277			$	24,898,441			$	18,444,121			$	8,086,600			$	3,354,700
Interest Expense		$	7,686,013			$	3,928,905			$	2,856,718			$	2,423,230			$	1,666,180
Depreciation and Amortization		$	12,222,060			$	12,275,471			$	11,626,004			$	12,630,221			$	10,686,444
EBITDA		$	196,648,545			$	91,181,273			$	66,286,880			$	37,515,716			$	21,671,384

		2001				2000				1999				1998				1997
Net Income		$	9,129,798			$	8,049,845			$	6,593,977			$	17,567,340			$	21,692,775
Add:
Income Tax Expense		$	5,135,723			$	4,528,100			$	3,880,100			$	11,602,400			$	14,163,061
Interest Expense		$	1,832,966			$	4,079,928			$	2,921,762			$	1,876,315			$	1,367,068
Depreciation and Amortization		$	9,633,040			$	9,187,014			$	8,088,036			$	5,937,398			$	4,060,126
EBITDA		$	25,731,527			$	25,844,887			$	21,483,875			$	36,983,453			$	41,283,030

     EBITDA is defined as net income before interest, income taxes, depreciation and amortization. EBITDA was presented because it is a required component of financial ratios reported by the Company to the Company’s banks, and is also frequently used by securities analysts, investors and other interested parties, in addition to and not in lieu of Generally Accepted Accounting Principles (GAAP) results to compare to the performance of other companies who also publicize this information. Financial analysts frequently ask for EBITDA when it has not been presented. EBITDA is not a measurement of financial performance under GAAP and should not be considered an alternative to net income as indicator of the Company’s operating performance or any other measure of performance derived in accordance with GAAP.

     Limitation on Incorporation by Reference:

     The information in this report, including exhibits, 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

May 1, 2007 Slide from the Company’s Annual Meeting.

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: May 2, 2007		By:		/s/ FRANK J. BILBAN
				Frank J. Bilban, Vice President — Finance, Chief Financial Officer, Treasurer and Secretary

INDEX TO EXHIBITS

Item		Exhibit
99.1		May 1, 2007 Slide from the Company’s Annual Meeting.