An electric motor for a power tool includes a stator and an armature disposed in the stator. The armature includes a lamination stack having slots therein; an armature shaft extending coaxially through the lamination stack; a plurality of magnet wires wound in the slots of the lamination stack; a commutator disposed on the armature shaft to which ends of the magnet wires are electrically coupled; and thermally conductive plastic at least partially encasing the magnet wires, the thermally conductive plastic having a base polymer that is a blend of at least two polymers.