Encore Wire Corporation (NASDAQ: WIRE) is the leading manufacturer of copper and aluminum wire for residential, commercial and industrial building construction in the United States. Their commercial wiring is used in businesses all over the country including sports teams’ facilities like the new Dallas Cowboys Stadium. Encore Wire began its legacy in 1989, as a 68,000 square foot industrial warehouse building in McKinney, Texas. With support and dedication from their employees, customers and community, they have grown to over 2 million square feet under roof and stretch across 425 acres.
Encore Wire fosters a culture based on old-fashioned values. Their everyday focus is on service, professionalism and stewardship within their organization. Everyone is encouraged to do the right thing under any circumstances and live by the Golden Rule: Treating others the way you want to be treated.
From the beginning, Encore has understood how the health of their employees impacts not only their work, but their family life, too. There is an on-site clinic with a nurse practitioner for employees and their immediate families to utilize. For many, the on-site clinic provides basic health screenings and treatment equal to those at a general practice facility which otherwise might not be possible. They offer a wide range of health and wellness services to assist employees and their families with making good lifestyle choices.
Encore also offers their employees a Chaplain service through Marketplace Chaplains. There are nine chaplains assigned to Encore who visit on a regular rotating basis, offering care, help, compassion and a listening ear to employees and their family members. As Encore CEO, Daniel Jones states “This is the largest number of Marketplace Chaplains we’ve ever had at Encore, but we feel they are needed for the many problems and issues our employees face and bring to work with them every day. We consider this a big part of our success.” To further its care and ministry to employees, Encore offers weekly bible studies led on the shop floor of their facilities.
In an effort to make sure the planet remains as clean and safe as possible, they not only recycle their materials; they also continuously pursue partners and projects that give their customers a broad choice of “green” products.From reutilizing pre-consumer raw materials, such as nylon, PVC, and copper, from the waste stream during the manufacturing process to recycling paper and cardboard waste products, aluminum and steel waste products, wood waste products, and Rod-Mill related waste products, their in-house recycling program is ever expanding. As much as Encore takes an active role in environmentally innovative projects, they continue to aim even higher and hope to be instrumental in developing new concepts for the future. Their goal is to be ZERO LANDFILL by the end of 2018. Encore TechLab®, built in 2012, was the first of its kind LEED® Platinum certified research and development facility in North Texas. Their mission is to provide a sustainable center for continued process and product development.
At Encore Wire, their community outreach program is simple: they strongly believe in sharing their success with those around them. Every year, they give back to their youth and community by supporting hundreds of nonprofit organizations. Encore Wire is committed to improving the quality of life in the communities where they operate through financial contributions and employee volunteerism. They focus their grants, donations and sponsorships on specific community needs that are related to their business and that make the greatest impact on the communities where they have a presence.
Encore Wire is dedicated to conducting business in a lawful and ethical manner. They are driven by old-fashioned values and strive to always exceed expectations. They have committed their business to prescribed values and principles to which they rely upon for their success. For these exemplary attributes, we are pleased to name Encore Wire Corporation as a Shining Light Company!
DISCLOSURE: Shining Light Companies are exemplary companies who live out the Golden Rule in their business practices, demonstrate strong servant leadership and create compelling value through the products and services they offer. This is intended for general information purposes concerning only the values, corporate culture and business practices of the companies being spotlighted. It DOES NOT incorporate any analysis of the companies’ investment merit based on intrinsic value, fundamental analysis, etc. This must not be construed as investment advice or a buy/sell recommendation. These companies may or may not be included in our LightPoint Portfolios at any given time.