IIIN Insteel Industries, Inc. featured news, full reports, and detailed charts
Insteel Industries, Inc. (IIIN) Wrap Up:
Insteel Industries, Inc. (“we,” “us,” “our,” “the Company” or “Insteel”) is one of the nation’s largest manufacturers of steel wire reinforcing products for concrete construction applications. We manufacture and market PC strand and welded wire reinforcement (“WWR”) products, including concrete pipe reinforcement, ESM and standard welded wire reinforcement. Our products are primarily sold to manufacturers of concrete products that are used in nonresidential construction. In 2007, 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 for a wholly-owned operating subsidiary, Insteel Wire Products Company (“IWP”). ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2007%2f11%2f29%2f0000950144-07-010780.html#FIS_BUSINESS"www.insteel.com
Founded in 1958
Insteel Industries Inc. (IIIN:NASDAQ)
LAST $11.75 USD
CHANGE TODAY +0.36 3.16%
VOLUME 81.8K
As of 4:00 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of Insteel Industries Inc. (IIIN)
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OPEN
$11.24
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PREVIOUS CLOSE
$11.39
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DAY HIGH
$11.82
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DAY LOW
$10.92
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52 WEEK HIGH
12/10/08 - $13.00
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52 WEEK LOW
03/9/09 - $4.76
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MARKET CAP
205.9M
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AVERAGE VOLUME 3 mo
52.7K
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DILUTED EPS TTM
$-1.53
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SHARES OUTSTANDING
17.5M
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EX-DATE
12/16/09
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P/E TTM
NM
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DIVIDEND
$0.12
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DIVIDEND YIELD
1.02%
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| K = Thousands M = Millions B = Billions | ||
IIIN Top Compensated Officers
Mr. H. O. Woltz III
Chairman of the Board, Chief Executive Office...
Age: 53
Total Annual Compensation: $430.0K
Mr. Michael C. Gazmarian
Chief Financial Officer, Vice President and T...
Age: 50
Total Annual Compensation: $250.0K
Mr. James F. Petelle
Vice President of Administration and Secretar...
Age: 58
Total Annual Compensation: $156.2K
Mr. Richard T. Wagner
Vice President and General Manager of IWP
Age: 49
Total Annual Compensation: $220.0K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for Insteel Industries Inc. (IIIN)
Insteel Industries Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended October 3, 2009
10/22/2009
Insteel Industries Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended October 3, 2009. For the quarter, the company reported net earnings were $1,693,000 or $0.10 per basic and diluted share on net sales of $61,070,000 against net earnings of $15,683,000 or $0.90 per basic share and $0.89 per diluted share on net sales of $106,290,000 for the period ended September 27, 2009. Earnings from continuing operations of $2,778,000 or $0.16 per basic and diluted share compared to earnings from continuing operations of $15,646,000 or $0.90 per basic share and $0.89 per diluted share for the period ended September 27, 2009. Earnings from continuing operations before income taxes of $4,875,000 compared to $24,434,000 for the period ended September 27, 2009. Net cash provided by operating activities of $15,584,000 compared to $10,229,000 for the period ended September 27, 2009. Capital expenditures of $693,000 compared to $1,059,000 for the period ended September 27, 2009. For the full year, the company reported net loss of $22,086,000 or $1.27 per basic and diluted share on net sales of $230,236,000 against net earnings of $43,752,000 or $2.49 per basic share and $2.47 per diluted share on net sales of $353,862,000 for the period ended September 27, 2009. Loss from continuing operations of $20,940,000 or $1.20 per basic and diluted share compared to earnings from continuing operations of $43,717,000 or $2.49 per basic share and $2.47 per diluted share for the period ended September 27, 2009. Loss from continuing operations before income taxes of $32,698,000 compared to earnings from continuing operations before income taxes of $68,174,000 for the period ended September 27, 2009. Net cash provided by operating activities of $22,122,000 compared to $36,749,000 for the period ended September 27, 2009. Capital expenditures of $2,377,000 compared to $9,456,000 for the period ended September 27, 2009.
Insteel Industries Inc. expected to Report Q1 2010 Results on January 11, 2010. This event was calculated by Capital IQ (Created on October 22, 2009).
10/22/2009
Insteel Industries Inc. expected to Report Q1 2010 Results on January 11, 2010. This event was calculated by Capital IQ (Created on October 22, 2009).
Insteel Industries Inc., Q4 2009 Earnings Call, Oct-22-2009
10/8/2009
Insteel Industries Inc., Q4 2009 Earnings Call, Oct 22 2009
IIIN Competitors
| Company | Last | Change |
| Gerdau Ameristeel Corp | C$8.83 CAD | +0.13 |
| Nucor Corp | $41.13 USD | -0.09 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | IIIN | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.9x |
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| Price/Book | 1.4x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 0.7x |
Not meaningful
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IIIN |
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IIIN transactions
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| No transactions in the last 6 months. | ||
More Recent News About Insteel Industries, Inc.
More news for IIIN
INSTEEL INDUSTRIES INC Files SEC form 8-K, Other Events
Item 8.01. Other Events On August 25, 2009, Insteel Industries, Inc. (the "Company") issued a press release announcing that its board of directors had declared a quarterly cash dividend of $0.03 per share payable on October 2, 2009 to shareholders of record as of September 18, 2009. A copy of this release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. While the Company intends to pay regular quarterly cash dividends for the foreseeable future, the declaration and payment of future dividends, if any, are discretionary and will be subject to determination by the board of directors each quarter after taking into account various factors, including general business conditions and the Company's financial condition, operating results, cash requirements and expansion plans. Cautionary Note Regarding Forward-Looking Statements This report contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 with respect to the Company's intent and ability to pay future dividends. Although the Company believes that its plans, intentions and expectations reflected in or suggested by such forward-looking statements are reasonable, such forward-looking statements are subject to a number of risks and uncertainties, and the Company can provide no assurances that such plans, intentions or expectations will be achieved. Many of these risks and uncertainties are discussed in detail in the Company's reports and statements that it files with the U.S. Securities and Exchange Commission, in particular in its Annual Report on Form 10-K for the year ended September 27, 2008. You should carefully review these risks and uncertainties. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. All forward-looking statements speak only to the respective dates on which such statements are made and the Co...Click here to read the whole Article (external link)
Insteel Industries declares 3-cent dividend
Copyright © 2009 Yahoo! All rights reserved. Privacy Policy - Terms of Service - Copyright Policy - Report Problems Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quote data delayed 15 minutes for Nasdaq, NYSE and Amex. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Yahoo! is not an investment adviser and does not provide, endorse or review any information or data contained herein....Click here to read the whole Article (external link)
Q4 2009 Insteel Industries Earnings Release - 08:30 am ET
Earnings Announcements for Thursday, October 22CompanySymbolTimeConferenceCall1-800-FLOWERS.COMFLWSBefore Market Open1st SourceSRCEAfter Market Close3M CompanyMMMBefore Market OpenAcacia Research CorporationACTGAfter Market CloseListenAffiliated Computer ServicesACSAfter Market CloseAkeena SolarAKNSBefore Market OpenAker SolutionsAKSO.OL02:00 am ETAlaska Air Group, Inc.ALKBefore Market OpenListenAlexion PharmaceuticalsALXNBefore Market OpenAlign TechnologyALGN4:00 pm ETAmadeus Fire AGAAD.FTime Not SuppliedAmazon.com, Inc.AMZNAfter Market CloseListenAmerican Express CompanyAXPAfter Market CloseListenAmerican River BanksharesAMRBTime Not SuppliedAmSurgAMSG4:00 pm ETListenAssociated Banc-CorpASBC1:00 pm ETAT&TTBefore Market Open...Click here to read the whole Article (external link)
Insteel Industries Announces Fourth Quarter 2009 Conference Call
Copyright © 2009 Yahoo! All rights reserved. Privacy Policy - Terms of Service - Copyright Policy - Report Problems Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quote data delayed 15 minutes for Nasdaq, NYSE and Amex. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Yahoo! is not an investment adviser and does not provide, endorse or review any information or data contained herein....Click here to read the whole Article (external link)
INSTEEL INDUSTRIES INC Files SEC form 10-K, Annual Report
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations. The matters discussed in this section include forward-looking statements that are subject to numerous risks. You should carefully read the "Cautionary Note Regarding Forward-Looking Statements" and "Risk Factors" in this Form 10-K. Overview Following our exit from the industrial wire business (see Note 8 to the consolidated financial statements), our operations are entirely focused on the manufacture and marketing of concrete reinforcing products for the concrete construction industry. The results of operations for the industrial wire business have been reported as discontinued operations for all periods presented. Our business strategy is focused on: (1) achieving leadership positions in our markets; (2) operating as the lowest cost producer; and (3) pursuing growth opportunities within our core businesses that further our penetration of current markets served or expand our geographic reach. Critical Accounting Policies Our financial statements have been prepared in accordance with accounting principles generally accepted in the United States ("GAAP"). Our discussion and analysis of our financial condition and results of operations are based on these financial statements. The preparation of our financial statements requires the application of these accounting principles in addition to certain estimates and judgments based on current available information, actuarial estimates, historical results and other assumptions believed to be reasonable. Actual results could differ from these estimates. Following is a discussion of our most critical accounting policies, which are those that are both important to the depiction of our financial condition and results of operations and that require judgments, assumptions and estimates. Revenue recognition. We recognize revenue from product sales in accordance with Financial Accounting Standards Board (&quo...Click here to read the whole Article (external link)
INSTEEL INDUSTRIES INC Files SEC form 8-K, Results of Operations and Financial Condition
Show all filings for INSTEEL INDUSTRIES INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for INSTEEL INDUSTRIES INC 22-Oct-2009Results of Operations and Financial Condition Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational pu...Click here to read the whole Article (external link)
Insteel Industries Reports Fourth Quarter and Fiscal Year 2009 Financial Results
MOUNT AIRY, N.C., Oct. 22 /PRNewswire-FirstCall/ -- Insteel Industries, Inc. (Nasdaq: IIIN - News) today reported earnings from continuing operations of $2.8 million ($0.16 per share) for the fourth quarter of fiscal 2009 compared with a loss from continuing operations of $1.7 million ($0.10 per share) in the third quarter of fiscal 2009. Earnings from continuing operations in the fourth quarter of fiscal 2008 were $15.6 million ($0.89 per diluted share). Including the results of discontinued operations, net earnings for the fourth quarter of fiscal 2009 were $1.7 million ($0.10 per share) compared with a net loss of $1.7 million ($0.10 per share) in the third quarter of fiscal 2009. The loss from discontinued operations for the fourth quarter of fiscal 2009 reflects a $1.8 million impairment charge ($1.1 million or $0.06 per share after-tax) to write down the carrying value of the real estate held for sale associated with the industrial wire business, which the Company exited in 2006. Net earnings in the fourth quarter of fiscal 2008 were $15.7 million ($0.89 per diluted share).Net sales for the fourth quarter of fiscal 2009 ($61.1 million) increased 7.2% compared with the third quarter of fiscal 2009 ($57.0 million) and decreased 42.5% from the fourth quarter of fiscal 2008 ($106.3 million). Shipments increased 16.4% from the third quarter of fiscal 2009 and decreased 4.4% from the fourth quarter of fiscal 2008. Average selling prices decreased 7.9% from the third quarter of fiscal 2009 and 39.9% from the fourth quarter of ...Click here to read the whole Article (external link)
INSTEEL INDUSTRIES INC Files SEC form 8-K, Other Events
Item 8.01. Other Events On November 17, 2009, Insteel Industries, Inc. (the "Company") issued a press release announcing that its board of directors had declared a quarterly cash dividend of $0.03 per share payable on January 5, 2010 to shareholders of record as of December 18, 2009. A copy of this release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. While the Company intends to pay regular quarterly cash dividends for the foreseeable future, the declaration and payment of future dividends, if any, are discretionary and will be subject to determination by the board of directors each quarter after taking into account various factors, including general business conditions and the Company's financial condition, operating results, cash requirements and expansion plans. Cautionary Note Regarding Forward-Looking Statements This report contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 with respect to the Company's intent and ability to pay future dividends. Although the Company believes that its plans, intentions and expectations reflected in or suggested by such forward-looking statements are reasonable, such forward-looking statements are subject to a number of risks and uncertainties, and the Company can provide no assurances that such plans, intentions or expectations will be achieved. Many of these risks and uncertainties are discussed in detail in the Company's reports and statements that it files with the U.S. Securities and Exchange Commission, in particular in its Annual Report on Form 10-K for the year ended October 3, 2009. You should carefully review these risks and uncertainties. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. All forward-looking statements speak only to the respective dates on which such statements are made and the Compan...Click here to read the whole Article (external link)
Insteel Industries Declares Quarterly Cash Dividend
MOUNT AIRY, N.C., Nov. 17 /PRNewswire-FirstCall/ -- Insteel Industries, Inc. (NasdaqGS: IIIN - News) today announced that its board of directors declared a quarterly cash dividend of $0.03 per share on the Company's common stock payable on January 5, 2010 to shareholders of record as of December 18, 2009. About InsteelInsteel is one of the nation's largest manufacturers of steel wire reinforcing products for concrete construction applications. Insteel manufactures and markets prestressed concrete strand and welded wire reinforcement, including concrete pipe reinforcement, engineered structural mesh and standard welded wire reinforcement. Insteel's products are sold primarily to manufacturers of concrete products that are used in nonresidential construction. Headquartered in Mount Airy, North Carolina, Insteel operates six manufacturing facilities located in the United States.Cautionary Note Regarding Forward-Looking StatementsThis news release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 with respect to the Company's intent and ability to pay future dividends. Although the Company believes that its plans, intentions and expectations reflected in or suggested by such forward-looking statements are reasonable, such forward-looking statements are subject to a number of risks and uncertainties, and the Company can provide no assurances that such plans, intentions or expectations will be achieved. Man...Click here to read the whole Article (external link)
INSTEEL INDUSTRIES INC Financials
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...Click here to read the whole Article (external link)
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