27.84
+4.11%
Close of 9 Nov 2026, in USD
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About Insteel Industries
From its filings with the US Securities and Exchange Commission
Insteel Industries is based in Mount Airy, North Carolina and is incorporated in North Carolina. Its shares trade on NYSE under the ticker IIIN. The SEC classifies its business as steel works, blast furnaces & rolling & finishing mills. In the fiscal year to 3 October 2026, it reported revenue of $739.5m and net income of $29.5m. At that date it held total assets of $480.4m and shareholders' equity of $379.6m.
Insteel Industries Inc. (“we,” “us,” “our,” “the Company” or “Insteel”) is the nation’s largest manufacturer of steel wire reinforcing products for concrete construction applications. We manufacture and market prestressed concrete strand (“PC strand”) and welded wire reinforcement (“WWR”), including ESM, concrete pipe reinforcement (“CPR”) and standard welded wire reinforcement (“SWWR”). Our products are sold mainly to manufacturers of concrete products that are used primarily in nonresidential construction. For fiscal 2026, we estimate that approximately 85% of our sales were related to nonresidential construction and 15% were related to residential construction.
Insteel is the parent holding company of two wholly-owned subsidiaries: Insteel Wire Products Company (“IWP”), an operating subsidiary, and Intercontinental Metals Corporation, an inactive subsidiary. We were incorporated in 1958 in the State of North Carolina.
Our business strategy is focused on: (1) achieving leadership positions in our markets; (2) operating as the lowest cost producer in our industry; and (3) pursuing growth opportunities within our core businesses that further our penetration of the markets we currently serve or expand our footprint. Headquartered in Mount Airy, North Carolina, we operate eleven manufacturing facilities that are all located in the U.S. in close proximity to our customers and raw material suppliers.
Quoted from its 10-K, filed 29 Oct 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Industrials
- Industry
- Building Products
- Listed since
- 26 Apr 1985
- Employees
- 1,007
- Website
- insteel.com ↗
- Head office
- 1373 BOGGS DR, MOUNT AIRY, NC, 27030
- Incorporated in
- NC
- Classification
- Steel Works, Blast Furnaces & Rolling & Finishing Mills
- Filer status
- Accelerated filer
Leadership
Pay as last reported
- Mr. H. WoltzChairman of the Board, President, Chief Executive Officer, since 1986$2.1m
- Mr. Scot JafroodiChief Financial Officer, Vice President, Treasurer$767,037
- Mr. Richard WagnerChief Operating Officer, Senior Vice President$949,086
- Mr. James YorkSenior Vice President - Sourcing and Logistics$561,951
- Ms. Elizabeth SouthernVice President - Administration, Secretary and Chief Legal Officer$512,136
- Mr. Abney BoxleyIndependent Director$146,455
- Ms. Blake DoyleIndependent Director
- Ms. Anne LloydIndependent Director$137,705
- Mr. W. Allen RogersIndependent Director$153,955
- Mr. Jon RuthIndependent Director$148,955
- Mr. Joseph RutkowskiIndependent Director$140,205
- Mr. G. Kennedy ThompsonIndependent Director$153,955
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 12
- Environment
- 1
- Social
- 18
- Governance
- 18
- Carbon reduction policy
- No
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Insteel Industries Inc. is a leading manufacturer of steel wire reinforcing products for the construction industry. The company has a strong market presence with a wide range of high-quality products.
- Insteel Industries has a vertically integrated business model, owning or controlling all aspects of its supply chain from manufacturing to distribution. This enables the company to have better control over quality, costs, and delivery timelines.
- The company has a strong financial position with a healthy balance sheet and consistent profitability. This provides Insteel Industries with the necessary resources to invest in research and development, expand its product offerings, and explore new markets.
Weaknesses
- Insteel Industries heavily relies on the construction industry, which is cyclical in nature. Economic downturns and fluctuations in construction activity can significantly impact the company's revenue and profitability.
- The company's heavy reliance on steel as the primary raw material makes it vulnerable to fluctuations in steel prices. Sudden price increases can squeeze profit margins and erode the company's competitiveness.
- Insteel Industries operates in a highly competitive market with numerous local and international competitors. The presence of low-cost competitors and price pressures can pose challenges to the company's market position and profitability.
Opportunities
- The increasing focus on infrastructure development, particularly in emerging markets, presents growth opportunities for Insteel Industries. The company can leverage its expertise and product range to enter new geographical markets and cater to the growing demand.
- Advancements in construction techniques and increased adoption of steel-reinforced products offer opportunities for Insteel Industries to introduce innovative solutions and capture additional market share.
- The ongoing trend towards sustainable and eco-friendly construction practices creates opportunities for Insteel Industries to develop and market products that meet environmental standards and regulations.
Threats
- Trade disputes and import/export regulations can impact Insteel Industries' ability to access global markets and hinder the company's international expansion plans.
- The volatile nature of raw material prices, especially steel, poses a threat to the company's profitability. Fluctuations in prices can disrupt cost calculations, affect product pricing, and squeeze profit margins.
- Changes in government regulations or building codes, particularly related to construction materials, can present compliance challenges for Insteel Industries. Failure to adapt to regulatory changes could result in penalties or loss of business opportunities.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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