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Wire

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Submitted By jacostner
Words 21591
Pages 87
2014
Annual Report

March 23, 2015
To Our Stockholders:
You are cordially invited to attend the annual meeting of stockholders to be held on Tuesday, May 5,
2015 at 9:00 a.m., central time, at the corporate office of Encore Wire Corporation located at 1329
Millwood Rd., McKinney, Texas. The purposes of the meeting are to elect directors for the ensuing year, ratify the appointment of auditors for 2015, to approve, in a non-binding advisory vote, the compensation of the Company’s named executive officers and conduct other business that may properly come before the meeting.
Net sales for the year ended December 31, 2014 were $1.167 billion, while net income for the year was
$37.1 million, with fully diluted net earnings per common share of $1.78. Unit volume, measured in copper pounds contained in the wire sold increased 3.6% in 2014 versus 2013. Our new aluminum building wire plant finished its second full year of operations, during which we sold $103.4 million of aluminum building wire. We believe that our ability to sell aluminum wire has resulted in increased copper wire sales as customers prefer to “one-stop shop” and order enough pounds to get free freight.
Aluminum demand is so strong that we are expanding the current 200,000 square foot aluminum plant with a 250,000 square foot addition. We believe that our costs are as low, or lower, than our competitors.
We believe our superior order fill rates continue to enhance our competitive position, as our electrical distributor customers are holding lean inventories in the field.
Our balance sheet is very strong, and our Board is focused on returning value to the stockholders. We have no long term debt, and our revolving line of credit is paid down to zero. In addition, we had $54.7 million in cash as of December 31, 2014.
Our strong financial position allows us to pursue product and plant expansion projects in the depths of business cycle downturns and to be poised to take advantage of upturns in business cycles when they occur. We will continue our efforts to grow the Company organically by providing our customers industry-leading order fill rates and innovative products. Although we cannot predict the future with any degree of certainty, we believe Encore is well positioned to take advantage of opportunities to grow our business and prosper in the future.
We want to thank our stockholders for their support and assure them that the management team is dedicated to increasing stockholder value. We also wish to recognize the ongoing devotion and hard work of all our employees and associates whose efforts result in our continued growth and success.

Daniel L. Jones
Chairman, President and Chief Executive Officer

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______________________________________________________________________________________________
CORPORATE INFORMATION

BOARD OF DIRECTORS:
Donald E. Courtney
Director
Gregory J. Fisher
Director
Daniel L. Jones
Chairman
William R. Thomas III
Director
Scott D. Weaver
Director
John H. Wilson
Lead Independent Director

COMPANY OFFICERS:
Daniel L. Jones
President & Chief Executive Officer
Frank J. Bilban
Vice President-Finance, Treasurer, Secretary &
Chief Financial Officer
William T. Bigbee
Vice President-Product and Research Development
Services
Gary W. Bliss
Vice President-New Product Development
Joseph Todd Clayton
Vice President-Facilities Engineering
Matthew D. Ford
Controller, Assistant Secretary
Joseph E. Gibson
Assistant Vice President-Operations
Kevin M. Kieffer
Vice President-Sales and Marketing
Kenneth G. Knuth
Vice President-Administration
Janet K. Sander
Vice President-Purchasing
David K. Smith
Vice President-Operations
Donald M. Spurgin
Vice President-Sales Development
Gary L. Spence
Vice President-Non-Ferrous Metals

LOCATION OF PLANT:
McKinney, Texas
LEGAL COUNSEL:
Thompson & Knight LLP
Dallas, Texas
INDEPENDENT REGISTERED PUBLIC
ACCOUNTING FIRM:
Ernst & Young LLP
Dallas, Texas
COMMON STOCK LISTED:
NASDAQ GLOBAL SELECT MARKET
Symbol “WIRE”
TRANSFER AGENT AND REGISTRAR:
American Stock Transfer & Trust Co.
New York, New York
FORM 10-K:
The Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2014, as filed with the Securities Exchange Commission, is included herein. Additional copies of the
Annual Report may be obtained without charge upon written request to Encore Wire
Corporation, 1329 Millwood Road, McKinney,
Texas 75069, Attention: Vice President-Finance,
Treasurer, Secretary & CFO, or via the internet at http://www.proxydocs.com/WIRE or the
Securities and Exchange Commission’s website at http://www.sec.gov.
CORPORATE HEADQUARTERS:
1329 Millwood Road
McKinney, Texas 75069
972-562-9473

1329 Millwood Road
McKinney, Texas 75069
972-562-9473
www.encorewire.com

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...rating Unshielded Twisted-Pair is copper wire that is used in a twisted pair. Which is two conductors of a single circuit that are twisted together to prevent crosstalk UTP typically have only one outer covering or jacket for one or more of the twisted pairs. Shielded Twisted-Pair is copper wire that is almost the same but also with the outer covering each twisted pair is also shielded separately and then shielded again before the outer jacket Fiber-Optic Cable bandwidth is dramatically higher than with copper speeds and it uses a strand of glass or plastic to transmit data using light pulses transmission distances are much further away it is not susceptible to outside EMI or crosstalk interference. It is more secure than copper wire it very hard to tap in to unlike copper wire. Dark Fiber is just a term used for unused or unneeded strands of installed fiber because you always want to install more than you need cause networks always grow. Coaxial Cable is widely used for cable tv it has solid copper core with a Teflon insulation around that either a foil sleeve of a braided wire mesh and then the outer jacket Plenum is the space between the deck ant the false ceiling when it is used for HVAC Riser is a vertical shaft that allows you to run wires between two floors Rip Cord is installed in some wire it is also called the slitting cord it is meant to make it easier to split the jacket on the cable when more than 2” of the wire needs to be exposed. Core in cabling is what...

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Unit 6 Assignment 1

...signal loss and check for equipment that may cause interference and degrade network performance. The following paragraphs describe three (3) cable testers and how they work and which cable system(s) they are most suitable for. The first tester is the wire-mapper. Wire-mappers are used primarily with copper twisted-pair cable installations. These devices, according to Oliviero and Woodward (2011, p.422, 441) “Transmit signals through each pair in a twisted-pair cable to determine if it is connected correctly to the correct pin at each end.” The second tool is the tone generator. A tone generator is a two-piece unit that consists of a tone generator and a probe. This type of tester's primary function, amongst installers, is to identify specific locations in a punch-down block then label accordingly. According to Oliviero and Woodward (2011, p.442-443), these testers “Transmit[s] a signal, or, with an alligator clip, you connect the unit to an individual wire. The other unit is an inductive amplifier, which is a pen-like probe that emits an audible tone when touched to the other end of the conductor.” Primary functions are identify a particular cable within a bundle and to test for opens, shorts, and miswires of individual wires. Unfortunately, there is a disadvantage to using this device; time consuming. The third and final tester to be discussed are Multifunction Cable Scanners (commonly referred to as a certification tool). Alarmingly, these devices are highly expensive...

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Issc341 Week 2 Assignment Lesson 1 Review

...beginning with Layer 7. Application, Presentation, Session, Transport, Network, Data Link, and Physical. 6. Why is it important for operating system venders to consider the OSI/RM when developing networking software? The OSI/RM allows systems from various venders to communicate with one another. Significant deviance from the OSI/RM will result in communication failures. 7. What is the difference between routable and non-routable protocols? Routable protocols can pass through a router and can travel through LANs and WANs. Non-routable protocols use predefined routes that cannot be changed. 8. Name the two types of twisted-pair cable, and the two varieties of wire available for each. Shielded twisted-pair cable (STP) and unshielded twisted-pair cable (UTP). They both come in either stranded wire or solid wire. 9. What are the two major types of fiber-optic cables? Single mode and Multi Mode 10. A network administrator suspects a security problem on a wireless network, and has changed...

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...Armco Inc. Armco Inc is a steel manufacturer that used to be the sixth largest in its industry in United States in 1990. The Kansas City Works within its Midwestern Steel Division was hit by the decline in the business in the US steel industry. The firm produces grinding media and carbon wire rod. The first on has been successful in the industry with its great durability compared to the competitors. Carbon wire rods on the other hand were non profitable and covered only some of its fixed costs through its production volume. The old performance measurement system used by Armco Inc did not work properly because it had some problems. First, it did not provide information on the product mix being produced while it provided data on total tonnage produced but didn’t breakdown what was produced. Second the measurement system compared actual to objective but didn’t provide data on what factors exactly caused variance. Third, the costs were not broken down by fixed costs, variable costs and relevant range. Also the reports were generated on the 15th day following every month ending so I think managers could not take immediate corrective actions which would have been sometimes very necessary. In my opinion, also the fact that the system did not measure Key Performance Index for each department such as the new system, is one important reason why the old system was inadequate. there was inconsistency with organization’s current strategy. The objective of Armco Inc. is maximizing profits...

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Instruction Set

...Set of Instructions Author Author Affiliation Abstract Instructions are set of guidelines that helps to perform a process or procedure. Making an USB fan is an easy “Do It Yourself” project. Anybody with access to a computer USB port can run a small fan. This paper describes instructions to be followed in order to make a USB fan. Title of Paper Equipment required: 1. Small 5 Volt dc Motor. 2. An adhesive glue, 3. A (exhausted) round shaped marker pen, 4. An USB cable, 5. Cutting tool like scissors or knife, 6. Wire stripper, 7. Tape, 8. Plastic gear available from any small toy car. 9. A circular piece of plastic of diameter 3” Instructions: 1. Firstly cut the USB cable at one end (it should be the end with female jack), 2. Locate red and black cables. Leave the rest. 3. Stripe out the copper wires using cable stripper, 4. Connect the red and black cable to that of the motor, 5. Attach the gear to the shaft of the motor, 6. Now make 8 cut to the center of the circular plastic. It would take small triangular shapes. Twist the triangular shaped wings of the fan slightly inwards, 7. Attach the circular plastic to the gear using glue, 8. Put the motor with the plastic on top of the marker and stick with the glue, 9. Now fix the other part of the marker on top of the cd vertically. 10. Connect the male USB jack to the USB port of a computer. The fan should move perfectly. Figure 1: Completed...

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Unit 5 Assignment 1 Cabling Factors and Tolls Discussion

...to meet those demands of mobility, and also for the life of the wire so that it does not crack, break, fray or short. We had a job at a university where we moved flat panels on a track system to create different screen sizes, and for that we had to make sure the cable would meet the demand. Capacitance Cat 6 is not always better than Cat 5. If a video extender is made for Cat 5e, using Cat 6 may cause you a problem. The electrical properties are different, and the circuitry inside may not be able to reconcile the increased capacitance. You should confirm with the manufacturer before making a substitute in a Category cable. Jacket What type of jacket does your cable need? You have plenum, riser, PVC/non-plenum and direct burial. Plenum cable is often required in commercial work, especially in buildings where there are open-air returns; it is essential to meeting code. Integrators will often use riser grade at the riser, and then transfer to plenum in the plenum space. This saves some cost, but I recommend you second-guess saving that few cents per foot in most cases. The chances of mixing up a box of cable and pulling riser in the plenum space may increase your liability as a company or cause you to re-pull cable when the inspector fails your install. If you only send plenum to site, you eliminate this possibility. A tennis ball would be a good makeshift tool because you can cut a hole in it to place wires...

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Cable vs. Fiber

...types of cables and their abilities. The capabilities of these types of wires, prices, availability, and future uses are important factors to take into consideration when designing a layout for a building. Some other important variables to consider are how many people are trained to install the cabling and how durable that cabling is and how it can withstand long term use. Copper cabling is the widely used standard of today. It has been used as a communications line since the first telegraphs. Over the years it has developed into thin multi lined cables that can send an abundant amount of data. Since it has been around so long it is widely understood and taught to professionals as well as your average Joe. Category 5e and 6 are both capable of sending signal speeds much faster than we are able to produce at bandwidths that we haven’t reached yet. So at least for the near future copper cabling can still sustain Moore’s law. This law states that technology will double in capacity and for half of the price every two years. While copper is inexpensive now it becomes more expensive with its wide use. Also its abundance will degrade over time as it is used commercially worldwide. Some more of the flaws that are involved with copper are EMI, unnoticeable tampering, and potential. Electromagnetic interference can cause signal delay and corruption as it effects copper wiring. Tampering is easy to do since these wires are easily penetrated and will continue the signal down the trunk line...

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