Insteel Industries, Inc., together with its subsidiaries, manufactures and markets steel wire reinforcing products for concrete construction applications. The company offers pre-stressed concrete strand (PC strand) and welded wire reinforcement (WWR) products. Its PC strand is a seven-wire strand that is used to impart compression forces into precast concrete elements and structures providing reinforcement for bridges, parking decks, buildings, and other concrete structures. The company's WWR engineered reinforcing product is used in nonresidential and residential construction. It produces a range of WWR products, such as engineered structural mesh, an engineered made-to-order product that is used as the primary reinforcement for concrete elements or structures serving as a reinforcing solution for hot-rolled rebar; concrete pipe reinforcement, an engineered made-to-order product, which is used as the primary reinforcement in concrete pipe, box culverts, and precast manholes for drainage and sewage systems, water treatment facilities, and other related applications; and standard welded wire reinforcement, a secondary reinforcing product for crack control applications in residential and light nonresidential construction, including driveways, sidewalks, and various slab-on-grade applications. The company sells its products through sales representatives to the manufacturers of concrete products, rebar fabricators, distributors, and contractors primarily in the United States, as well as in Canada, Mexico, and Central and South America. Insteel Industries, Inc. was founded in 1953 and is headquartered in Mount Airy, North Carolina.
IPO Year:
Exchange: NASDAQ
Website: insteel.com
Insteel Industries Inc. (NYSE:IIIN) today announced that its board of directors declared a regular quarterly cash dividend of $0.03 per share and a special cash dividend of $1.00 per share of common stock payable on December 13, 2024, to shareholders of record as of November 29, 2024. "We are pleased to announce that we are once again declaring a special dividend. We continue to believe this approach is an effective method to distribute value to our shareholders while allowing us to maintain ample financial flexibility. Looking ahead to 2025, we remain debt-free and are well-positioned to pursue growth opportunities as they arise, while continuing our share buyback program as appropriate,
Insteel Industries Inc. (NYSE:IIIN) today announced that its wholly-owned subsidiary, Insteel Wire Products Company (together referred to as "Insteel" or the "Company" in this press release), has acquired Engineered Wire Products, Inc. ("EWP") for $70.0 million in an asset transaction, subject to certain adjustments. The transaction was funded from cash on hand. EWP is a leading manufacturer of welded wire reinforcement products for use in nonresidential and residential construction. For the twelve months ended September 30, 2024, EWP's sales were $93.3 million. "We are pleased to complete the acquisition of EWP. This move will expand our geographic footprint and bolster our competitive p
Insteel Industries Inc. (NYSE:IIIN) ("Insteel" or the "Company"), the nation's largest manufacturer of steel wire reinforcing products for concrete construction applications, today announced financial results for its fourth quarter and fiscal year ended September 28, 2024. Fourth Quarter 2024 Highlights Net sales of $134.3 million Gross profit of $12.3 million, or 9.1% of net sales Net income of $4.7 million, or $0.24 per share Operating cash flow of $16.2 million Net cash balance of $111.5 million and no debt outstanding as of September 28, 2024 Improving business outlook Fourth Quarter 2024 Results Net earnings for the fourth quarter of fiscal 2024 were $4.7 million, or $0
Insteel Industries Inc. (NYSE:IIIN) today announced that its fourth quarter 2024 earnings conference call will be webcast live over the internet on Thursday, October 17, 2024 at 10:00 a.m. ET following the release of the Company's fourth quarter financial results at 6:30 a.m. ET on that same day. The conference call can be accessed on the Company's website at https://investor.insteel.com and will be archived for replay. About Insteel Insteel is the nation's largest manufacturer of steel wire reinforcing products for concrete construction applications. Insteel manufactures and markets prestressed concrete strand and welded wire reinforcement, including engineered structural mesh, concrete
Insteel Industries Inc. (NYSE:IIIN) today announced that its board of directors declared a regular quarterly cash dividend of $0.03 per share of common stock payable on September 27, 2024, to shareholders of record as of September 13, 2024. About Insteel Insteel is the nation's largest manufacturer of steel wire reinforcing products for concrete construction applications. Insteel manufactures and markets prestressed concrete strand and welded wire reinforcement, including engineered structural mesh, concrete pipe reinforcement and standard welded wire reinforcement. Insteel's products are sold primarily to manufacturers of concrete products that are used primarily in nonresidential cons
Insteel Industries Inc. (NYSE:IIIN) ("Insteel" or the "Company"), the nation's largest manufacturer of steel wire reinforcing products for concrete construction applications, today announced financial results for its third quarter of fiscal 2024 ended June 29, 2024. Third Quarter 2024 Highlights Net earnings of $6.6 million, or $0.34 per share Net sales of $145.8 million Gross profit of $15.4 million, or 10.6% of net sales Operating cash flow of $18.7 million Net cash balance of $97.7 million and no debt outstanding as of June 29, 2024 Improving macroeconomic and business outlooks Third Quarter 2024 Results Net earnings for the third quarter of fiscal 2024 decreased
Insteel Industries Inc. (NYSE:IIIN) today announced that its third quarter 2024 earnings conference call will be webcast live over the internet on Thursday, July 18, 2024, at 10:00 a.m. ET following the release of the Company's third quarter financial results at 6:30 a.m. ET on that same day. The conference call can be accessed on the Company's website at https://investor.insteel.com and will be archived for replay. About Insteel Insteel is the nation's largest manufacturer of steel wire reinforcing products for concrete construction applications. Insteel manufactures and markets prestressed concrete strand and welded wire reinforcement, including engineered structural mesh, concrete pi
Insteel Industries Inc. (NYSE:IIIN) today announced that its board of directors declared a regular quarterly cash dividend of $0.03 per share of common stock payable on June 28, 2024, to shareholders of record as of June 14, 2024. About Insteel Insteel is the nation's largest manufacturer of steel wire reinforcing products for concrete construction applications. Insteel manufactures and markets prestressed concrete strand and welded wire reinforcement, including engineered structural mesh, concrete pipe reinforcement and standard welded wire reinforcement. Insteel's products are sold primarily to manufacturers of concrete products that are used primarily in nonresidential construction.
Insteel Industries Inc. (NYSE:IIIN) ("Insteel" or the "Company"), the largest manufacturer of steel wire reinforcing products for concrete construction applications in the United States, today announced financial results for its second quarter of fiscal 2024 ended March 30, 2024. Second Quarter 2024 Highlights Net earnings of $6.9 million, or $0.35 per diluted share Net sales of $127.4 million Gross profit of $15.7 million, or 12.3% of net sales Operating cash flow of $1.4 million Net cash balance of $83.9 million and no debt outstanding as of March 30, 2024 Improving demand environment and easing macroeconomic headwinds Second Quarter 2024 Results Net earnings for
Insteel Industries Inc. (NYSE:IIIN) today announced that its second quarter 2024 earnings conference call will be webcast live over the internet on Thursday, April 25, 2024, at 10:00 a.m. ET following the release of the Company's second quarter financial results at 6:30 a.m. ET on that same day. The conference call can be accessed on the Company's website at https://investor.insteel.com and will be archived for replay. About Insteel Insteel is the nation's largest manufacturer of steel wire reinforcing products for concrete construction applications. Insteel manufactures and markets prestressed concrete strand and welded wire reinforcement, including engineered structural mesh, concrete
Insteel Industries Inc. (NYSE:IIIN) ("Insteel" or the "Company") announced today that it will be closing its facility in Warren, Ohio, and moving the manufacturing to the Company's remaining welded wire reinforcement production facilities. The Warren facility was acquired as part of Insteel's recent purchase of Engineered Wire Products, Inc. The consolidation of the Company's welded wire manufacturing operations is expected to result in the elimination of up to 35 positions at the Warren facility. It is anticipated that operations at the Warren facility will cease by the end of November 2024. Insteel expects to incur a restructuring charge of approximately $1.9 million related to the faci
Insteel Industries Inc. (NYSE:IIIN) today announced that its board of directors declared a regular quarterly cash dividend of $0.03 per share and a special cash dividend of $1.00 per share of common stock payable on December 13, 2024, to shareholders of record as of November 29, 2024. "We are pleased to announce that we are once again declaring a special dividend. We continue to believe this approach is an effective method to distribute value to our shareholders while allowing us to maintain ample financial flexibility. Looking ahead to 2025, we remain debt-free and are well-positioned to pursue growth opportunities as they arise, while continuing our share buyback program as appropriate,
Insteel Industries Inc. (NYSE:IIIN) today announced that its wholly-owned subsidiary, Insteel Wire Products Company (together referred to as "Insteel" or the "Company" in this press release), has acquired Engineered Wire Products, Inc. ("EWP") for $70.0 million in an asset transaction, subject to certain adjustments. The transaction was funded from cash on hand. EWP is a leading manufacturer of welded wire reinforcement products for use in nonresidential and residential construction. For the twelve months ended September 30, 2024, EWP's sales were $93.3 million. "We are pleased to complete the acquisition of EWP. This move will expand our geographic footprint and bolster our competitive p
Insteel Industries Inc. (NYSE:IIIN) ("Insteel" or the "Company"), the nation's largest manufacturer of steel wire reinforcing products for concrete construction applications, today announced financial results for its fourth quarter and fiscal year ended September 28, 2024. Fourth Quarter 2024 Highlights Net sales of $134.3 million Gross profit of $12.3 million, or 9.1% of net sales Net income of $4.7 million, or $0.24 per share Operating cash flow of $16.2 million Net cash balance of $111.5 million and no debt outstanding as of September 28, 2024 Improving business outlook Fourth Quarter 2024 Results Net earnings for the fourth quarter of fiscal 2024 were $4.7 million, or $0
Insteel Industries Inc. (NYSE:IIIN) today announced that its fourth quarter 2024 earnings conference call will be webcast live over the internet on Thursday, October 17, 2024 at 10:00 a.m. ET following the release of the Company's fourth quarter financial results at 6:30 a.m. ET on that same day. The conference call can be accessed on the Company's website at https://investor.insteel.com and will be archived for replay. About Insteel Insteel is the nation's largest manufacturer of steel wire reinforcing products for concrete construction applications. Insteel manufactures and markets prestressed concrete strand and welded wire reinforcement, including engineered structural mesh, concrete
Insteel Industries Inc. (NYSE:IIIN) today announced that its board of directors declared a regular quarterly cash dividend of $0.03 per share of common stock payable on September 27, 2024, to shareholders of record as of September 13, 2024. About Insteel Insteel is the nation's largest manufacturer of steel wire reinforcing products for concrete construction applications. Insteel manufactures and markets prestressed concrete strand and welded wire reinforcement, including engineered structural mesh, concrete pipe reinforcement and standard welded wire reinforcement. Insteel's products are sold primarily to manufacturers of concrete products that are used primarily in nonresidential cons
Insteel Industries Inc. (NYSE:IIIN) ("Insteel" or the "Company"), the nation's largest manufacturer of steel wire reinforcing products for concrete construction applications, today announced financial results for its third quarter of fiscal 2024 ended June 29, 2024. Third Quarter 2024 Highlights Net earnings of $6.6 million, or $0.34 per share Net sales of $145.8 million Gross profit of $15.4 million, or 10.6% of net sales Operating cash flow of $18.7 million Net cash balance of $97.7 million and no debt outstanding as of June 29, 2024 Improving macroeconomic and business outlooks Third Quarter 2024 Results Net earnings for the third quarter of fiscal 2024 decreased
Insteel Industries Inc. (NYSE:IIIN) today announced that its third quarter 2024 earnings conference call will be webcast live over the internet on Thursday, July 18, 2024, at 10:00 a.m. ET following the release of the Company's third quarter financial results at 6:30 a.m. ET on that same day. The conference call can be accessed on the Company's website at https://investor.insteel.com and will be archived for replay. About Insteel Insteel is the nation's largest manufacturer of steel wire reinforcing products for concrete construction applications. Insteel manufactures and markets prestressed concrete strand and welded wire reinforcement, including engineered structural mesh, concrete pi
Insteel Industries Inc. (NYSE:IIIN) today announced that its board of directors declared a regular quarterly cash dividend of $0.03 per share of common stock payable on June 28, 2024, to shareholders of record as of June 14, 2024. About Insteel Insteel is the nation's largest manufacturer of steel wire reinforcing products for concrete construction applications. Insteel manufactures and markets prestressed concrete strand and welded wire reinforcement, including engineered structural mesh, concrete pipe reinforcement and standard welded wire reinforcement. Insteel's products are sold primarily to manufacturers of concrete products that are used primarily in nonresidential construction.
Insteel Industries Inc. (NYSE:IIIN) ("Insteel" or the "Company"), the largest manufacturer of steel wire reinforcing products for concrete construction applications in the United States, today announced financial results for its second quarter of fiscal 2024 ended March 30, 2024. Second Quarter 2024 Highlights Net earnings of $6.9 million, or $0.35 per diluted share Net sales of $127.4 million Gross profit of $15.7 million, or 12.3% of net sales Operating cash flow of $1.4 million Net cash balance of $83.9 million and no debt outstanding as of March 30, 2024 Improving demand environment and easing macroeconomic headwinds Second Quarter 2024 Results Net earnings for
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CHARLOTTE, N.C., Dec. 07, 2022 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. ("SPX Technologies," or "SPX") (NYSE:SPXC) today announced the appointment of Mark A. Carano as Vice President, Chief Financial Officer and Treasurer, effective January 3, 2023. Mr. Carano joins SPX Technologies with extensive executive experience in finance, accounting, strategy, and business development, including senior leadership roles in public companies. Gene Lowe, President and CEO, commented, "We are very pleased to welcome Mark to the SPX Technologies team. His impressive track record as a public-company CFO, and his strong background in engineered products and growth investments are an excellent fit with S
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Insteel Indus (NYSE:IIIN) reported quarterly earnings of $0.34 per share which missed the analyst consensus estimate of $0.43 by 20.93 percent. This is a 37.04 percent decrease over earnings of $0.54 per share from the same period last year. The company reported quarterly sales of $145.78 million which missed the analyst consensus estimate of $153.04 million by 4.75 percent. This is a 12.03 percent decrease over sales of $165.71 million the same period last year.
Insteel Indus (NYSE:IIIN) reported quarterly earnings of $0.35 per share which beat the analyst consensus estimate of $0.29 by 20.69 percent. The company reported quarterly sales of $127.394 million which missed the analyst consensus estimate of $134.893 million by 5.56 percent. This is a 19.90 percent decrease over sales of $159.051 million the same period last year.
Insteel Indus (NYSE:IIIN) reported quarterly earnings of $0.06 per share which beat the analyst consensus estimate of $0.05 by 20 percent. This is a 89.47 percent decrease over earnings of $0.57 per share from the same period last year. The company reported quarterly sales of $121.72 million which missed the analyst consensus estimate of $129.68 million by 6.13 percent. This is a 27.07 percent decrease over sales of $166.90 million the same period last year.
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Insteel Indus (NYSE:IIIN) is set to give its latest quarterly earnings report on Thursday, 2024-01-18. Here's what investors need to know before the announcement. Analysts estimate that Insteel Indus will report an earnings per share (EPS) of $0.05. Insteel Indus bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Historical Earnings Performance Last quarter the company missed EPS by $0.41, which was followed by a 0.41% drop in the
As of Dec. 6, 2023, five stocks in the industrials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro. Here’s the latest list of major overbought players in this sector. Builders FirstSource, Inc. (NYSE:BLDR) On Nov. 1, the company posted a sales decline of 21.3% Y/Y
Companies Reporting Before The Bell • Nokia (NYSE:NOK) is expected to report quarterly earnings at $0.09 per share on revenue of $6.20 billion. • Atlantic Union Bankshares (NYSE:AUB) is expected to report earnings for its third quarter. • Taiwan Semiconductor (NYSE:TSM) is likely to report quarterly earnings at $1.17 per share on revenue of $17.07 billion. • Home BancShares (NYSE:HOMB) is expected to report quarterly earnings at $0.48 per share on revenue of $249.35 million. • Freeport-McMoRan (NYSE:FCX) is expected to report quarterly earnings at $0.34 per share on revenue of $5.41 billion. • East West Bancorp (NASDAQ:EWBC) is likely to report quarterly earnings at $2.02 per share on