Welcome to our dedicated page for Insteel Inds news (Ticker: IIIN), a resource for investors and traders seeking the latest updates and insights on Insteel Inds stock.
Insteel Industries Inc (IIIN), the nation's largest manufacturer of steel wire reinforcement products for concrete construction, provides critical updates through this dedicated news hub. Access official press releases, financial announcements, and operational developments for this essential supplier to the nonresidential construction sector.
This resource delivers timely insights into earnings reports, product innovations, and strategic initiatives shaping the company's role in infrastructure projects. Investors and industry professionals will find curated updates on manufacturing advancements, quality control milestones, and market expansion efforts related to prestressed concrete strand and welded wire reinforcement solutions.
All content undergoes strict verification to ensure accuracy and relevance to IIIN's operations. Bookmark this page for streamlined access to operational updates from the company maintaining America's concrete construction backbone.
Insteel Industries (NYSE: IIIN), the largest U.S. manufacturer of steel wire reinforcing products for concrete construction, reported strong Q3 2025 financial results. The company achieved net earnings of $15.2 million ($0.78 per share), up from $6.6 million ($0.34 per share) year-over-year.
Key highlights include net sales of $179.9 million (up 23.4% YoY), driven by an 11.7% increase in average selling prices and 10.5% higher shipments. Gross profit reached $30.8 million with a 17.1% margin. The company maintains a strong financial position with $53.7 million in cash and no debt.
Despite facing challenges with reduced domestic steel wire rod capacity and increased tariffs on steel imports, management remains cautiously optimistic, citing successful recent acquisitions and improved demand in construction markets.
Insteel Industries (NYSE: IIIN), the nation's largest manufacturer of steel wire reinforcing products for concrete construction, has announced a quarterly cash dividend of $0.03 per share. The dividend will be payable on June 27, 2025, to shareholders of record as of June 13, 2025.
The company specializes in manufacturing prestressed concrete strand and welded wire reinforcement products, primarily serving manufacturers of concrete products and contractors in nonresidential construction. Insteel operates eleven manufacturing facilities across the United States and is headquartered in Mount Airy, North Carolina.
Insteel Industries (NYSE: IIIN), the largest U.S. manufacturer of steel wire reinforcing products for concrete construction, reported strong Q2 2025 results. Net earnings increased to $10.2 million ($0.52 per diluted share) from $6.9 million ($0.35 per share) year-over-year.
Net sales grew 26.1% to $160.7 million, driven by a 28.9% increase in shipments, despite a 2.2% decline in average selling prices. Gross margin expanded to 15.3% from 12.3% last year. The company maintains a strong financial position with $28.4 million in cash and no debt.
Recent acquisitions contributed to incremental volume growth, while restructuring charges and acquisition costs reduced earnings by $0.03 per share. The company expects capital expenditures of up to $17 million in fiscal 2025, focusing on cost and productivity improvements.
Insteel Industries (NYSE: IIIN), the nation's largest manufacturer of steel wire reinforcing products for concrete construction, has scheduled its second quarter 2025 earnings conference call for April 17, 2025. The company will release its Q2 financial results at 6:30 a.m. ET, followed by a webcast conference call at 10:00 a.m. ET.
The conference call will be accessible through the company's investor relations website at https://investor.insteel.com and will be archived for future reference. Insteel specializes in manufacturing prestressed concrete strand and welded wire reinforcement products, primarily serving nonresidential construction applications through eleven U.S. manufacturing facilities.
Insteel Industries (NYSE: IIIN) has appointed Eric Zernikow to its board of directors, with a term extending through the 2027 annual meeting. Zernikow will serve on both the Executive Compensation Committee and Nominating and Governance Committee.
Zernikow brings 22 years of experience from Nucor , the nation's largest steel producer, where he most recently served as General Manager of Commercial (2020-2022). His previous roles include Commercial Director of the Engineered Bar Group, National Sales Manager of the Nucor Cold Finish Group, and Plant Manager of Nucor Cold Finish in Darlington, South Carolina. He currently works as a strategic business advisor in the steel industry.
Insteel, headquartered in Mount Airy, North Carolina, is the nation's largest manufacturer of steel wire reinforcing products for concrete construction applications, operating eleven U.S. manufacturing facilities.
Insteel Industries (NYSE: IIIN), the nation's largest manufacturer of steel wire reinforcing products for concrete construction applications, has announced a quarterly cash dividend of $0.03 per share. The dividend will be payable on March 28, 2025, to shareholders of record as of March 14, 2025.
The company specializes in manufacturing prestressed concrete strand and welded wire reinforcement, including engineered structural mesh, concrete pipe reinforcement, and standard welded wire reinforcement. These products are primarily sold to concrete product manufacturers serving the nonresidential construction sector. Insteel operates eleven manufacturing facilities across the United States and is headquartered in Mount Airy, North Carolina.
Insteel Industries (NYSE: IIIN) reported its Q1 2025 financial results, with net earnings remaining flat at $1.1 million ($0.06 per share) compared to the previous year. The quarter included $1.0 million in restructuring charges and acquisition costs, reducing EPS by $0.04.
Net sales increased 6.6% to $129.7 million, driven by an 11.4% increase in shipments, despite a 4.3% decline in average selling prices. Gross margin expanded to 7.3% from 5.2% year-over-year. The company completed two strategic acquisitions: Engineered Wire Products for $67.0 million and O'Brien Wire Products for $5.1 million.
The company maintained a strong financial position with $36.0 million in cash and no debt, while paying a special dividend of $1.00 per share totaling $19.4 million. Operating cash flow was $19.0 million, and capital expenditures decreased to $2.7 million.
Insteel Industries (NYSE: IIIN) has scheduled its first quarter 2025 earnings conference call for Thursday, January 16, 2025, at 10:00 a.m. ET. The company will release its Q1 financial results earlier the same day at 6:30 a.m. ET. The conference call will be accessible via webcast on the company's investor relations website and will be archived for later viewing.
Insteel is the largest manufacturer of steel wire reinforcing products for concrete construction in the United States. The company specializes in prestressed concrete strand and welded wire reinforcement products, primarily serving manufacturers of concrete products and contractors in nonresidential construction. Operating from its Mount Airy, North Carolina headquarters, Insteel maintains eleven manufacturing facilities across the United States.
FAQ
What is the current stock price of Insteel Inds (IIIN)?
What is the market cap of Insteel Inds (IIIN)?
