IIIN - Insteel Industries Inc.

IIIN Stock Chart

IIIN Profile

Insteel Industries, Inc., along with its subsidiaries, specializes in the manufacturing and marketing of steel wire reinforcing products for concrete construction applications. The company's product lineup includes prestressed concrete strand (PC strand) and welded wire reinforcement (WWR) products. PC strand, a seven-wire strand, is crucial for imparting compression forces into precast concrete elements, reinforcing structures such as bridges, parking decks, and buildings. WWR products, used in both nonresidential and residential construction, include engineered structural mesh, which serves as a primary reinforcement for concrete elements and offers an alternative to traditional hot-rolled rebar.

Insteel Industries produces a variety of WWR products tailored to specific applications. Engineered structural mesh is a made-to-order product used as primary reinforcement in concrete elements, while concrete pipe reinforcement, another engineered product, serves as the main reinforcement in concrete pipes, box culverts, and precast manholes for drainage, sewage systems, and water treatment facilities. Additionally, the company offers standard welded wire reinforcement, a secondary product aimed at crack control in residential and light nonresidential construction, such as driveways, sidewalks, and slab-on-grade applications.

Founded in 1953 and headquartered in Mount Airy, North Carolina, Insteel Industries markets its products primarily in the United States, Canada, Mexico, and Central and South America. The company reaches its customers, including concrete product manufacturers, rebar fabricators, distributors, and contractors, through a network of sales representatives. Over the years, Insteel Industries has established itself as a leader in the steel wire reinforcing product industry, known for its high-quality products and innovative solutions tailored to the needs of the concrete construction sector.

IIIN Revenue Chart

IIIN Earnings

Analyst Ratings