Insteel Industries Inc (N:IIIN)
Business Focus: Construction Supplies & Fixtures
| Sector: Consumer Cyclicals | Industry: Construction Supplies & Fixtures |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1373 Boggs Dr MOUNT AIRY NC 27030 |
| Tel: | 1-336-7862141 |
| Website: | https://insteel.com/home |
| IR: | See website |
| Key People | ||
| H. O. Woltz Chairman of the Board, President, Chief Executive Officer | Scot R. Jafroodi Chief Financial Officer, Vice President, Treasurer | Richard T. Wagner Chief Operating Officer, Senior Vice President | Elizabeth C. Southern Vice President - Administration, Secretary and Chief Legal Officer |
| Business Overview |
| Insteel Industries, Inc. is a manufacturer of steel wire reinforcing products for concrete construction applications. The Company's operations are focused on the manufacture and marketing of steel wire reinforcing products for concrete construction applications. The Company's concrete reinforcing products consist of two product lines: prestressed concrete strand (PC strand) and welded wire reinforcement (WWR). 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. Its WWR is produced as either a standard or a specially engineered reinforcing product for use in nonresidential and residential construction. Its products are sold to manufacturers of concrete products that are used in nonresidential construction. The Company sells its products nationwide across the United States, Canada, Mexico, and Central and South America. |
| Financial Overview |
| For the 13 weeks ended 30 December 2023, Insteel Industries Inc revenues decreased 27% to $121.7M. Net income decreased 90% to $1.1M. Revenues reflect Welded wire reinforcement segment decrease of 28% to $68.8M, Prestressed concrete strand segment decrease of 25% to $52.9M. Net income also reflects Other expense (income), net decrease of 99% to $22K (income), Interest expense increase of 21% to $29K (expense). |
| Employees: | 884 as of Sep 30, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $577.96M as of Dec 30, 2023 |
| Annual revenue (TTM): | $604.01M as of Dec 30, 2023 |
| EBITDA (TTM): | $37.26M as of Dec 30, 2023 |
| Net annual income (TTM): | $22.42M as of Dec 30, 2023 |
| Free cash flow (TTM): | $45.32M as of Dec 30, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 19,448,318 as of Jan 17, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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