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. (NYSE: IIIN) generates a steady stream of news tied to its role as the nation’s largest manufacturer of steel wire reinforcing products for concrete construction applications. The company’s updates often focus on its production of prestressed concrete strand (PC strand) and welded wire reinforcement (WWR), including engineered structural mesh, concrete pipe reinforcement and standard welded wire reinforcement, which are sold primarily to manufacturers of concrete products and concrete contractors for use mainly in nonresidential construction.
News coverage for IIIN commonly includes quarterly and annual earnings releases, where Insteel reports net sales, shipment trends, gross margins and commentary on demand in infrastructure, commercial and residential construction markets. These releases also discuss the effects of pricing actions, raw material costs for hot‑rolled carbon steel wire rod, and capacity utilization on the company’s financial performance.
Investors following IIIN news will also see dividend announcements, including regular quarterly cash dividends and, at times, special cash dividends declared by the Board of Directors. Additional items include conference call and webcast notices for upcoming earnings calls, where management discusses results, construction market conditions and the company’s outlook.
Other news items may highlight operational developments, such as safety achievements at specific facilities, capital expenditure plans focused on cost and productivity improvements, and commentary on sourcing strategies for steel wire rod in domestic and international markets. Together, these updates provide insight into Insteel’s operating environment, exposure to construction and infrastructure spending, and its approach to managing costs and capital.
For readers and investors, the IIIN news page offers a centralized view of these developments, making it easier to track how changes in construction markets, steel input costs and company decisions are reflected in Insteel’s public communications over time.
Insteel Industries announced its third quarter 2021 earnings conference call, scheduled for July 22, 2021, at 10:00 a.m. ET. Prior to the call, the company's financial results will be released at 6:30 a.m. ET. Investors can access the live webcast and find further details on Insteel's website. As the largest manufacturer of steel wire reinforcing products in the U.S., Insteel provides essential materials for concrete construction, primarily targeting nonresidential applications through its ten manufacturing facilities.
Insteel Industries Inc. (NYSE: IIIN) declared a quarterly cash dividend of $0.03 per share on May 18, 2021. This dividend is payable on June 25, 2021 to shareholders on record as of June 11, 2021. Insteel is the largest manufacturer of steel wire reinforcing products for the concrete construction industry, operating ten facilities across the U.S. The company focuses on producing prestressed concrete strands and welded wire reinforcement primarily for nonresidential construction.
Insteel Industries reported strong financial results for Q2 2021, with net earnings reaching $14.9 million ($0.76 per share) compared to $4.4 million ($0.23 per share) in Q2 2020. Net sales increased by 21.0% to $139.0 million, driven by a 15.0% rise in average selling prices and a 5.2% increase in shipments. The gross margin expanded 840 basis points to 21.7%. The company remains debt-free with $58.9 million in cash and an optimistic outlook due to favorable trends in non-residential construction. However, it anticipates tight supply conditions for steel wire rod.
Insteel Industries, Inc. (NYSE: IIIN) will host a second quarter 2021 earnings conference call on April 22, 2021, at 10:00 a.m. ET, following the release of its first quarter financial results at 6:30 a.m. ET. The call will be available for live webcast and archived replay on the Company's website. Insteel is the largest manufacturer of steel wire reinforcing products for concrete construction in the U.S., with ten manufacturing facilities nationwide.
Insteel Industries, Inc. (NasdaqGS: IIIN) announced it will transfer its common stock listing from NASDAQ to the New York Stock Exchange (NYSE), effective March 17, 2021. The company previously traded on the NYSE from 1992 to 2002. H.O. Woltz III, President and CEO, expressed pleasure in returning to the NYSE, aiming to enhance long-term shareholder value. John Tuttle from the NYSE welcomed Insteel, highlighting the advantages of their market model and services. Insteel is the largest U.S. manufacturer of steel wire reinforcing products for concrete construction, operating ten manufacturing facilities nationwide.
Insteel Industries announced a quarterly cash dividend of $0.03 per share on February 16, 2021. This dividend will be payable on March 26, 2021 to shareholders on record as of March 12, 2021. Insteel, the largest manufacturer of steel wire reinforcing products for concrete construction, operates ten manufacturing facilities across the United States. The company focuses primarily on the nonresidential construction market, serving manufacturers of concrete products and contractors.
Insteel Industries reported strong financial results for Q1 2021, with net earnings of $8.1 million ($0.42/share), a significant increase from $0.6 million ($0.03/share) the previous year. Net sales rose 22.6% to $119.6 million, driven by a 21.6% increase in shipments and a 1.0% rise in average selling prices. Gross margin expanded to 16.6% from 6.4% due to improved pricing spreads. The company also paid a special cash dividend of $29.0 million and ended the quarter debt-free. However, uncertainties regarding COVID-19 and infrastructure funding remain a concern.
Insteel Industries (NasdaqGS: IIIN) will host a webcast for its Q1 2021 earnings conference call on January 21, 2021 at 10:00 a.m. ET, following the release of financial results at 6:30 a.m. ET. This live event can be accessed via the Company's website and will be archived for later replay. As the largest U.S. manufacturer of steel wire reinforcing products for concrete, Insteel serves concrete contractors and product manufacturers primarily for nonresidential construction projects, operating ten facilities across the country.
On November 17, 2020, Insteel Industries (IIIN) announced a quarterly cash dividend of $0.03 per share and a special cash dividend of $1.50 per share, payable on December 18, 2020, to shareholders of record as of December 1, 2020. This move aims to return capital to shareholders while supporting a robust capital investment program and maintaining financial flexibility for potential acquisitions. Insteel is the leading manufacturer of steel wire reinforcing products for concrete construction in the U.S.
Insteel Industries reported strong financial results for Q4 and fiscal year 2020, driven by rising demand in construction markets. Q4 net earnings were $7.4 million ($0.38/share), a recovery from a net loss of $1.8 million a year prior. Sales surged 21.9% to $138.2 million, while shipments hit a record high. Fiscal 2020 earnings reached $19.0 million ($0.98/share), up from $5.6 million. Gross margins improved significantly, though the company anticipates vulnerabilities in FY 2021 due to economic uncertainties and construction market conditions, despite optimism for ongoing strategic initiatives.
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