Insteel Industries

Insteel Industries, Inc. is the nation's largest manufacturer of steel wire reinforcing products for concrete construction applications. We manufacture and market prestressed concrete strand and welded wire reinforcement, including concrete pipe reinforcement, engineered structural mesh and standard welded wire reinforcement. Our products are sold primarily to manufacturers of concrete products that are used in nonresidential construction.

Approximately 800 employees work at Insteel facilities located in Arizona, Florida, Georgia, Kentucky, Missouri, North Carolina, Pennsylvania, Tennessee and Texas. The Company's common stock is traded on the NASDAQ Global Select Market under the symbol IIIN.

Type
Public
HQ
Mount Airy, US
Founded
1953
Size (employees)
848 (est)+8%
Insteel Industries was founded in 1953 and is headquartered in Mount Airy, US

Insteel Industries Office Locations

Insteel Industries has an office in Mount Airy
Mount Airy, US (HQ)
1373 Boggs Dr

Insteel Industries Data and Metrics

Insteel Industries Financial Metrics

Insteel Industries's revenue was reported to be $101.2 m in Q2, 2017
USD

Revenue (Q2, 2017)

101.2 m

Gross profit (Q2, 2017)

18.3 m

Gross profit margin (Q2, 2017), %

18%

Net income (Q2, 2017)

11.9 m

Market capitalization (25-Jul-2017)

508.3 m

Cash (01-Apr-2017)

40.2 m
Insteel Industries's current market capitalization is $508.3 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

363.9 m409 m447.5 m418.5 m

Revenue growth, %

12%9%(6%)

Cost of goods sold

324.7 m360.2 m389.2 m333.4 m

Gross profit

39.2 m48.8 m58.3 m85.2 m

Gross profit Margin, %

11%12%13%20%

Interest income

14 k10 k11 k166 k

Pre tax profit

18 m25.2 m33 m56.3 m

Net Income

11.7 m16.6 m21.7 m37.2 m
USDQ3, 2014Q1, 2014Q2, 2015Q3, 2015Q2, 2016Q3, 2016Q1, 2016Q2, 2017

Revenue

113.2 m110.6 m101.8 m117 b107.4 m115.6 m93.9 m101.2 m

Cost of goods sold

99 m98.6 m93.1 m101 b88.8 m88.1 m80.9 m82.9 m

Gross profit

14.3 m12 m8.7 m16 b18.6 m27.5 m13 m18.3 m

Gross profit Margin, %

13%11%9%14%17%24%14%18%

Interest income

(4 k)(5 k)(4 k)(1 m)(32 k)(53 k)(52 k)(48 k)

Pre tax profit

8.8 m6.3 m3.9 m8.3 b10.8 m20.4 m6.7 m11.2 m

Net Income

12.1 m4.2 m6.7 m12.1 m13.9 m27.4 m4.5 m11.9 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

15.4 m3.1 m33.3 m58.9 m

Accounts Receivable

41.1 m51.2 m46.8 m47.4 m

Inventories

81.9 m66 m71.2 m

Current Assets

121.2 m142.6 m151.4 m180.5 m

PP&E

83.1 m90.4 m84.2 m88.2 m

Goodwill

7 m7 m7 m

Total Assets

212.6 m256.8 m260.2 m292.9 m

Accounts Payable

30.6 m52.8 m32.2 m42.8 m

Current Liabilities

37.4 m63.2 m45.8 m53.8 m

Common Stock

18.5 m

Additional Paid-in Capital

55.5 m58.9 m61 m67.8 m

Retained Earnings

89 m103.4 m122.9 m139.3 m

Total Equity

200.2 m224.6 m

Financial Leverage

1.3 x1.3 x
USDQ3, 2015Q2, 2016Q3, 2016Q1, 2016Q2, 2017

Cash

11.4 m36.4 m53.8 m57 m40.2 m

Accounts Receivable

48.2 m48.6 m49.4 m44.2 m49.6 m

Inventories

70.8 m56.6 m63.9 m61.6 m59.2 m

Current Assets

134.4 m144.1 m169.4 m166 m152.3 m

PP&E

86.6 m83.8 m85.8 m92.3 m94.8 m

Goodwill

7 m7 m7 m7 m7 m

Total Assets

248.8 m252.3 m279.4 m282.6 m271.2 m

Accounts Payable

33.3 m30.7 m39.7 m29 m35.6 m

Dividends Payable

24.3 m

Current Liabilities

43.1 m39.8 m53.1 m61.7 m42.8 m

Common Stock

18.4 m18.8 m18.9 m19 m19 m

Additional Paid-in Capital

60.4 m65.4 m66.3 m68.1 m68.9 m

Retained Earnings

113.9 m117.1 m130 m119.5 m126.3 m

Total Equity

190.9 m199.1 m213.1 m205 m212.7 m

Financial Leverage

1.3 x1.3 x1.3 x1.4 x1.3 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

11.7 m16.6 m21.7 m37.2 m

Depreciation and Amortization

9.8 m10.3 m11.9 m11.5 m

Accounts Receivable

1 m(2.1 m)4.3 m(607 k)

Inventories

7 m(17 m)15.9 m(5.2 m)

Accounts Payable

1.6 m21.3 m(17.9 m)9 m

Cash From Operating Activities

36.8 m29.2 m35.8 m54.5 m

Capital Expenditures

(5 m)(9 m)(7.2 m)(13 m)

Cash From Investing Activities

(6.3 m)(40.4 m)(3 m)(13 m)

Long-term Borrowings

(16.1 m)(19.2 m)(61 m)(328 k)

Dividends Paid

(6.6 m)(2.2 m)(2.2 m)(20.9 m)

Cash From Financing Activities

(15.1 m)(1.2 m)(2.5 m)(15.9 m)

Interest Paid

20 k30 k143 k

Free Cash Flow

41.9 m38.2 m42.9 m41.6 m
USDQ3, 2014Q1, 2014Q2, 2015Q3, 2015Q2, 2016Q3, 2016Q1, 2016Q2, 2017

Net Income

12.1 m4.2 m6.7 m12.1 m13.9 m27.4 m4.5 m11.9 m

Depreciation and Amortization

7.5 m2.9 m5.8 m8.7 m5.6 m8.5 m3 m5.7 m

Accounts Receivable

(5.5 m)10.4 m7 m2.8 m(1.8 m)(2.6 m)3.2 m(2.2 m)

Inventories

(20.4 m)(5.6 m)(1.5 m)11.1 m9.4 m2.1 m9.6 m12 m

Accounts Payable

28.1 m(22.7 m)(20.7 m)(19.4 m)(6.5 m)8 m(17.4 m)(11.1 m)

Cash From Operating Activities

22.1 m(9.5 m)(1.8 m)16.3 m23.7 m45.7 m3.8 m17.1 m

Capital Expenditures

(5.8 m)(3.5 m)(4.6 m)(6.8 m)(4.3 m)(9.1 m)(5.4 m)(10.7 m)

Cash From Investing Activities

(4.6 m)(3 m)(4 m)(6.2 m)(4.3 m)(9 m)(5.6 m)(10.9 m)

Long-term Borrowings

(331 k)(37.8 m)(50.5 m)(60.9 m)(172 k)(273 k)(97 k)(176 k)

Dividends Paid

(1.6 m)(551 k)(1.1 m)(1.7 m)(19.7 m)(20.3 m)(559 k)(24.9 m)

Cash From Financing Activities

(1.6 m)9.4 m9 m(1.8 m)(16.3 m)(16 m)(9 k)(24.9 m)

Interest Paid

2 k16 k93 k119 k

Free Cash Flow

16.3 m(13 m)(6.4 m)9.6 m19.4 m36.6 m(1.6 m)6.4 m
Y, 2017

Financial Leverage

1.3 x

Insteel Industries Market Value History

Insteel Industries Company Life and Culture

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