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Last $16.28 USD
Change Today -0.26 / -1.57%
Volume 57.7K
IIIN On Other Exchanges
Symbol
Exchange
Berlin
As of 8:10 PM 07/30/15 All times are local (Market data is delayed by at least 15 minutes).

insteel industries inc (IIIN) Snapshot

Open
$16.38
Previous Close
$16.54
Day High
$16.43
Day Low
$16.04
52 Week High
12/9/14 - $24.85
52 Week Low
07/30/15 - $16.04
Market Cap
300.2M
Average Volume 10 Days
65.9K
EPS TTM
$0.89
Shares Outstanding
18.4M
EX-Date
06/10/15
P/E TM
18.3x
Dividend
$0.12
Dividend Yield
0.74%
Current Stock Chart for INSTEEL INDUSTRIES INC (IIIN)

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insteel industries inc (IIIN) Details

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 is an engineered reinforcing product for use in nonresidential and residential construction. It produces a range of WWR products, including engineered structural mesh (ESM), concrete pipe reinforcement (CPR), and standard welded wire reinforcement (SWWR). ESM is an engineered made-to-order product used as the primary reinforcement for concrete elements or structures serving as a replacement for hot-rolled rebar; CPR is 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 SWWR is 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, distributors, rebar fabricators, and contractors primarily in the United States, as well as in Canada, Mexico, and Central and South America. Insteel Industries, Inc. was founded in 1958 and is headquartered in Mount Airy, North Carolina.

847 Employees
Last Reported Date: 10/24/14
Founded in 1958

insteel industries inc (IIIN) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $512.1K
Chief Financial Officer, Vice President and T...
Total Annual Compensation: $291.0K
Vice President of Administration and Secretar...
Total Annual Compensation: $184.6K
Vice President and General Manager of the Con...
Total Annual Compensation: $274.6K
Compensation as of Fiscal Year 2014.

insteel industries inc (IIIN) Key Developments

Insteel Industries, Inc. Announces Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended June 27, 2015; Provides Capital Expenditure Guidance for the Fiscal 2015

Insteel Industries Inc. announced unaudited consolidated financial results for the third quarter and nine months ended June 27, 2015. Net earnings for the third quarter of fiscal 2015 were $5.4 million, or $0.29 per share compared with $5.8 million, or $0.31 per diluted share in the same period a year ago. Net sales increased 3.3% to $117.0 million from $113.2 million in the prior year period due to the additional revenue provided by the August 2014 acquisition of the PC strand business of American Spring Wire Corporation, which offset the adverse impact of the record amounts of rainfall and flooding in the central region of the country. Third-quarter results were favorably impacted by higher spreads between selling prices and raw material costs and the increase in shipments, partially offset by higher conversion costs relative to the prior year quarter. Operating activities provided $18.1 million of cash compared with $14.2 million in the prior year period primarily due to the relative changes in net working capital, which provided $10.5 million of cash compared with $6.9 million in the same period a year ago. Capital expenditures were $2.2 million compared with $2.8 million in the prior year period. Earnings before income taxes were $8.257 million compared to $8.84 million a year ago. For the first nine months of fiscal 2015, net earnings were essentially unchanged from the prior year at $12.1 million, or $0.64 per diluted share compared with $0.65 per diluted share in the same period a year ago. Net sales increased 12.9% to $329.4 million from $291.9 million in the prior year period due to the additional revenue provided by the ASW acquisition. Operating activities provided $16.3 million of cash compared with $22.1 million in the prior year period primarily due to the relative changes in net working capital, which used $5.5 million of cash while providing $2.2 million in the same period a year ago. Capital expenditures were $6.8 million compared with $5.8 million in the prior year period. Acquisition of intangible asset was $1.46 million. Earnings before income taxes were $18.48 million compared to $18.51 million a year ago. Capital expenditures are not expected to exceed $11.0 million for fiscal 2015.

Insteel Industries Seeks Acquisitions

H. Woltz, Chairman, President and Chief Executive Officer of Insteel Industries Inc. (NasdaqGS:IIIN) said, "Consistent with prior periods, we'll continue to focus on achieving further improvements in the effectiveness of our manufacturing operations, and identifying additional opportunities to broaden our product offering and growth through acquisition".

Insteel Industries Inc. to Report Q3, 2015 Results on Jul 16, 2015

Insteel Industries Inc. announced that they will report Q3, 2015 results at 10:00 AM, US Eastern Standard Time on Jul 16, 2015

 

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IIIN:US $16.28 USD -0.26

IIIN Competitors

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Company Last Change
Columbus McKinnon Corp/NY $23.44 USD -0.03
Haynes International Inc $42.78 USD -0.30
LB Foster Co $29.62 USD -0.22
Northwest Pipe Co $18.20 USD -1.01
Sterling Construction Co Inc $4.72 USD +0.19
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Industry Analysis

IIIN

Industry Average

Valuation IIIN Industry Range
Price/Earnings 18.7x
Price/Sales 0.7x
Price/Book 1.6x
Price/Cash Flow 18.3x
TEV/Sales 0.7x
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