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Insteel Industries, Inc. (IIIN) reports developments tied to steel wire reinforcing products for concrete construction applications in the United States. The company manufactures and markets prestressed concrete strand and welded wire reinforcement, including engineered structural mesh, concrete pipe reinforcement and standard welded wire reinforcement for manufacturers of concrete products and concrete contractors.
Recurring updates cover fiscal results, shipment volumes, average selling prices, raw-material cost spreads, unit manufacturing costs and demand from nonresidential, infrastructure and commercial construction markets. Company news also includes regular and special cash dividend announcements, earnings call notices and operating commentary on weather and seasonality.
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Insteel Industries (NYSE: IIIN), the largest U.S. manufacturer of steel wire reinforcing products for concrete construction, has announced a quarterly cash dividend of $0.03 per share of common stock. The dividend is payable on September 29, 2023, to shareholders of record as of September 15, 2023.
Insteel specializes in manufacturing prestressed concrete strand and welded wire reinforcement, including engineered structural mesh, concrete pipe reinforcement, and standard welded wire reinforcement. The company's products are primarily sold to manufacturers of concrete products used in nonresidential construction. Headquartered in Mount Airy, North Carolina, Insteel operates ten manufacturing facilities across the United States.
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