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Insteel Industries (IIIN) Company Profile

Updated Sep 9, 2019
Insteel Industries has the following business profile:
Company's Full Name:Insteel Industries, Inc.
Short Name:Insteel Industries
Trading Ticker Symbol:IIIN
Primary Exchange:NASDAQ
Headquarter City/Country:North Carolina, NC
Primary Industry Sector:Capital Goods
Seconday Sub-sector:Steel and Iron
Main Business Areas: Steel, Capital Goods, Steel and Iron, Industrials, Metal Fabrication
Dividend Payments:Dividend History

Market and Trading Information for Insteel Industries

The following details were available for trading and market data about the stock of Insteel Industries as of writing:
Current Share Price:$19.2
Previous Year's Closing Price:$24.28
Percentage Price Change (YTD):-20.92%
Market Cap:$366.3 million
52-week Price Range:$17.5 - $39.02
Dividend Per Share:$0.12
EPS (TTM):0.86
Price-Earnings (Trailing):22.33
Price-Earnings (Forward):11.23

Company Profile and Business Description for Insteel Industries

Insteel Industries, Inc., incorporated on December 1, 1958, 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. Its concrete reinforcing products consist of two product lines: prestressed concrete strand (PC strand) and welded wire reinforcement (WWR). The Company's products are sold primarily 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.

Prestressed Concrete Strand

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 pretensioned or prestressed concrete elements or structures are primarily used in nonresidential construction while posttensioned concrete elements or structures are used in both nonresidential and residential construction.

Welded Wire Reinforcement

WWR is produced as an engineered reinforcing product for use in nonresidential and residential construction. The Company 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 that is used as the primary reinforcement for concrete elements or structures. CPR is an engineered made-to-order product that 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. SWWR is a secondary reinforcing product that is produced in standard styles for crack control applications in residential and light nonresidential construction, including driveways, sidewalks and various slab-on-grade applications.

The Company competes with Nucor Corporation, Keystone Consolidated Industries, Inc., Gerdau Ameristeel Corporation, Davis Wire Corporation, Oklahoma Steel & Wire Co., Inc., Concrete Reinforcements Inc., Wire Mesh Corporation and Sumiden Wire Products Corporation.

1373 Boggs Dr

Peer / Competitor Companies of Steel and Iron Sector

Along with Insteel Industries, Inc., the following other peer (competitor) companies also exist within the same Steel and Iron - Capital Goods sector whose company profile and dividend history is as follows:

▶ AK Steel Holding (AKS): AK Steel Holding Corporation, incorporated on December 20, 1993, is a producer of flat-rolled carbon, stainless and electrical steels, and tubular products through its subsidiary, AK Steel Corporation (AK Steel). ....See Detailed Company Profile  and Dividend History.

▶ Allegheny (ATI): Allegheny Technologies Incorporated (ATI), incorporated on August 26, 1999, is a manufacturer of specialty materials and complex components. The Company operates through two business segments: High Performance Materials & Components ....See Detailed Company Profile  and Dividend History.

▶ ArcelorMittal (MT): ArcelorMittal S.A. (ArcelorMittal), incorporated on June 21, 2001, is a holding company. The Company, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and ....See Detailed Company Profile  and Dividend History.

▶ Carpenter Technology (CRS): Carpenter Technology Corporation, incorporated on October 3, 1968, is engaged in the manufacturing, fabrication and distribution of specialty metals. The Companys segments include Specialty Alloys Operations (SAO) and Performance Engineered ....See Detailed Company Profile  and Dividend History.

▶ Commercial Metals (CMC): Commercial Metals Company (CMC), incorporated on August 29, 1946, together with its subsidiaries, is engaged in manufacturing, recycling and marketing steel and metal products, related materials and services through a ....See Detailed Company Profile  and Dividend History.

▶ Friedman Industries (FRD): Friedman Industries, Incorporated, incorporated on March 29, 1965, is engaged in steel processing, pipe manufacturing and processing and steel and pipe distribution. The Company has two product groups: coil and ....See Detailed Company Profile  and Dividend History.

▶ Gerdau (GGB): Gerdau S.A. provides steel-related products and services worldwide. It operates through four segments: Brazil Operations, North America Operations, South America Operations, and Special Steel Operatio....See Detailed Company Profile  and Dividend History.

▶ Gibraltar Industries (ROCK): Gibraltar Industries, Inc., incorporated on September 17, 1993, is a manufacturer and distributor of building products for industrial, transportation infrastructure, residential housing, renewable energy and resource conservation markets. The Companys ....See Detailed Company Profile  and Dividend History.

▶ Grupo Simec (SIM): Grupo Simec, S.A.B. de C.V., incorporated on August 22, 1990, is a manufacturer, processor and distributor of special bar quality (SBQ) steel and structural steel products with production and commercial ....See Detailed Company Profile  and Dividend History.

▶ Haynes International (HAYN): Haynes International, Inc. develops, manufactures, markets, and distributes nickel and cobalt-based alloys in sheet, coil, and plate forms in the United States, Europe, Asia, and internationally. The ....See Detailed Company Profile  and Dividend History.

▶ Hongli Clean Energy (CETC): Hongli Clean Energy Technologies Corp., formerly SinoCoking Coal and Coke Chemical Industries, Inc., incorporated on September 30, 1996, is an energy production company. The Company focuses on providing clean burning ....See Detailed Company Profile  and Dividend History.

▶ Mechel PAO (MTL): Mechel PAO, together with its subsidiaries, engages in mining, steel, and power businesses in Russia, Asia, Europe, the Commonwealth of Independent States, the Middle East, the United States, and internationall....See Detailed Company Profile  and Dividend History.

▶ National Steel (SID): Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil. It operates through five segments: Steel, Mining, Logistics, Cement, and Energy. It produces a line of steel product....See Detailed Company Profile  and Dividend History.

▶ Northwest Pipe (NWPX): Northwest Pipe Company, incorporated on March 31, 1966, is a manufacturer of engineered steel pipe water systems in North America. The Company operates through two segments: Water Transmission and Tubular ....See Detailed Company Profile  and Dividend History.

▶ Nucor (NUE): Nucor Corporation manufactures and sells steel and steel products in the United States and internationally. It operates in three segments: Steel Mills, Steel Products, and Raw Materials. The Steel Mil....See Detailed Company Profile  and Dividend History.

▶ Ossen Innovation (OSN): Ossen Innovation Co., Ltd. manufactures and sells various plain surface prestressed steel materials, and rare earth coated and zinc coated prestressed steel materials in the People's Republic of China....See Detailed Company Profile  and Dividend History.

▶ POSCO (PKX): POSCO, incorporated on April 1, 1968, is an integrated steel producer. The Company operates in four segments: steel, trading, engineering and construction, and others. The steel segment includes production of ....See Detailed Company Profile  and Dividend History.

▶ Steel Dynamics (STLD): Steel Dynamics, Inc., together with its subsidiaries, engages in the steel products manufacturing and metals recycling businesses in the United States and internationally. The company operates through....See Detailed Company Profile  and Dividend History.

▶ SunCoke Energy (SXC): SunCoke Energy, Inc. operates as an independent producer of coke in the Americas. The company operates through three segments: Domestic Coke, Brazil Coke, and Logistics. It offers metallurgical and th....See Detailed Company Profile  and Dividend History.

▶ SunCoke Energy Partners (SXCP): SunCoke Energy Partners, L.P., a master limited partnership, produces and sells coke used in the blast furnace production of steel in the United States. It operates in two segments, Domestic Coke and ....See Detailed Company Profile  and Dividend History.

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