(IIIN) Insteel Industries - Ratings and Ratios

Insteel Industries, Inc. (NYSE:IIIN) is a leading manufacturer of steel wire reinforcing products for concrete construction applications. The company specializes in producing prestressed concrete strand (PC strand) and welded wire reinforcement (WWR) products. Its PC strand, a high-strength seven-wire strand, is designed to impart compression forces in precast concrete structures, such as bridges, parking decks, and buildings. This product is critical for enhancing the structural integrity of large-scale concrete projects. The companys WWR products, including engineered structural mesh, concrete pipe reinforcement, and standard welded wire reinforcement, serve diverse construction needs. These products are used in both nonresidential and residential applications, such as concrete pipes, box culverts, and slab-on-grade projects. Insteels customer base includes concrete product manufacturers, rebar fabricators, distributors, and contractors. Established in 1953, the company is headquartered in Mount Airy, North Carolina, and operates with a strong focus on delivering engineered reinforcing solutions for the construction industry.

Insteel Industries generates revenue primarily through the sale of its PC strand and WWR products. The companys PC strand is widely used in precast concrete applications, providing the necessary compression forces to enhance the durability and load-bearing capacity of structures. Its WWR products are tailored for specific applications, such as concrete pipe reinforcement, which is essential for drainage and sewage systems, and standard welded wire reinforcement, used for crack control in residential and light nonresidential construction. Insteels products are distributed through a network of sales representatives, ensuring a direct connection to its customers and enabling customized solutions for their reinforcing needs. The companys commitment to quality and innovation has positioned it as a trusted supplier in the construction materials industry.