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Insteel(IIIN) - 2025 Q3 - Earnings Call Presentation
2025-07-17 14:00
Business Overview - The company is the nation's largest manufacturer of steel wire reinforcing products[8] - The company operates 11 facilities[9] - PC Strand accounts for 58% of sales, while Welded Wire Reinforcement accounts for 42%[13] - Distributors account for 70% of sales, while Rebar Fabricators, Contractors, and Concrete Product Manufacturers account for 30%[17] - Residential Construction accounts for 85% of sales, while Nonresidential Construction accounts for 15%[17] Growth Strategy - The company focuses on converting rebar users to ESM, which requires fewer tons of steel due to its higher yield strength (80,000 PSI for ESM versus 60,000 PSI for rebar)[47] - The company acquired Engineered Wire Products for $67 million in October 2024 and O'Brien Wire Products for $5.1 million in November 2024[49] Financials - As of June 28, 2025, the company was debt-free with $53.7 million of cash and no borrowings outstanding on its $100 million revolving credit facility[94] - Capital expenditures are expected to total approximately $11 million in fiscal year 2025[90] - The company repurchased $2 million YTD in FY 2025 and $1.8 million in FY 2024[100] Market Outlook - In June, the Dodge Momentum Index rose 6.8% month-over-month and is 20% higher than June of last year[104]
Insteel(IIIN) - 2021 Q4 - Earnings Call Presentation
2025-07-02 06:14
Investor Presentation October 21, 2021 Forward-Looking Statements 2 This presentation contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. When used in this presentation, the words "believes," "anticipates," "expects," "estimates," "appears," "plans," "intends," "may," "should," "could" and similar expressions are intended to identify forward-looking statements. Although we believe that our plans, intentions and expecta ...
Insteel(IIIN) - 2022 Q3 - Earnings Call Presentation
2025-07-02 06:13
Investor Presentation July 21, 2022 Insteel Industries is the nation's largest manufacturer of steel wire reinforcing products for concrete construction applications. We manufacture and market a broad range of welded wire reinforcement ("WWR") and prestressed concrete strand ("PC strand") products. Headquartered in Mount Airy, North Carolina, Insteel operates ten manufacturing facilities located in the United States (seven WWR plants and three PC strand plants). Our business strategy is focused on: achievin ...