![]() The average selling price of wire per copper pound sold decreased 11.8% in the first quarter of 2023 versus the first quarter of 2022, while the average cost of copper per pound purchased decreased 8.2%. Gross profit percentage for the first quarter of 2023 was 31.1% compared to 33.7% in the first quarter of 2022. Aluminum wire represented 14.6% of net sales in the first quarter of 2023. The decrease in net sales was driven by a decrease in the average selling price in the first quarter of 2023 compared to the first quarter of 2022. Copper unit volume, measured in pounds of copper contained in the wire sold, was flat in the first quarter of 2023 versus the first quarter of 2022. Net sales for the first quarter ended Mawere $660.5 million compared to $723.1 million for the first quarter of 2022.
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