MCKINNEY, Texas--()--Encore Wire Corporation (NASDAQ Global Select: WIRE) announced today that the Company will be commemorating its twentieth anniversary of being listed on the NASDAQ Stock Exchange on Tuesday July 17th. Mr. Daniel Jones, President and Chief Executive Officer of Encore Wire, will be in New York to ring the opening bell that morning.
Encore Wire has also won several awards over the past several months. Forbes Magazine named Encore Wire as one of America’s 100 Most Trustworthy Companies listed on public stock exchanges. Forbes utilizes an outside firm, GMIRATINGS (GMI), to evaluate companies and compile the list. GMI uses a long list of criteria to evaluate all publicly traded companies. GMI finds that its 100 Most Trustworthy Companies have consistently demonstrated transparent and conservative accounting practices and solid corporate governance and management. Encore Wire also won the Texas Manufacturing Star Award. Businesses are chosen for the award based on the economic impact they have on their local communities, partnerships they develop with economic development organizations or training providers, their workforce training and development efforts and for creating manufacturing jobs in Texas.
In addition to these Company accolades, independent judging panels have recognized Encore Wire executives over the past year. Mr. Jones recently received the Ernst & Young Entrepreneur Of The Year® 2012 Award in the Distribution and Manufacturing category in Southwest Area North. The award recognizes outstanding entrepreneurs who demonstrate excellence and extraordinary success in such areas as innovation, financial performance and personal commitment to their businesses and communities. Mr. Frank J. Bilban, Vice President and Chief Financial Officer received the Dallas Business Journal CFO of the Year Award in the Small Public Company category.
Daniel L. Jones, President and Chief Executive Officer of Encore Wire Corporation, said, “We are pleased to be celebrating our 20th anniversary of being listed on the NASDAQ Stock Exchange. Having been here since the startup of the Company in 1989 and making our first shipment in early 1990, I have seen Encore grow well beyond our founders’ expectations. It will be an honor to ring the opening bell at the Stock Exchange on Tuesday. We are also very humbled to be recognized for all the awards we have recently won. Management recognizes that these awards belong to all the employees of Encore Wire and that their hard work and dedication is the primary driver of our success. It takes everyone on the team to build a winner and we want to thank everyone at Encore Wire for their efforts.”
Encore Wire Corporation manufactures a broad range of electrical building wire for use in interior wiring in commercial and industrial buildings, homes, apartments and manufactured housing.
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 payment of future dividends, future purchases of stock, 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.