IIIN on NYSE

INSTEEL INDUSTRIES INC

American steel works based in Mount Airy, incorporated in North Carolina2

In its 2025 annual report the company says: “We manufacture and market prestressed concrete strand and welded wire reinforcement, including ESM, concrete pipe reinforcement and standard welded wire reinforcement. Our products are sold mainly to manufacturers of concrete products that are used primarily in nonresidential construction.”6 Its shares trade on NYSE under the symbol IIIN.2

Price unavailable

Last updated Oct 21, 2026.

Overview

$647.7MRevenue, fiscal 20253
$41.0MNet income, fiscal 20253

Compare with Haynes International, FRIEDMAN INDUSTRIES INC or Gibraltar Industries, or pick any stock.

  • TickerIIIN on NYSE2
  • IndustrySteel Works, Blast Furnaces & Rolling & Finishing Mills2
  • HeadquartersMount Airy, United States2
  • Incorporated inNC4
  • Business address1373 Boggs Dr, Mount Airy, Nc 270304
  • Filer categoryAccelerated filer4
  • Legal formCorporation2
  • LEI52990026LKY4MOX3L1742
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressc/o James F Petelle, 1373 Boggs Drive, 27030 Mount Airy, United States2
  • Registered withCorporations Division (Department of the Secretary of State), 00500282

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 2025, we estimate that approximately 85% of our sales were related to nonresidential construction and 15% were related to residential construction.6 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

14.4%Gross margin3
6.3%Net margin3
22.4%Revenue growth, 20253
11.0%Return on equity3

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Welded Wire Reinforcement brought in 66% of the revenue INSTEEL INDUSTRIES INC broke down this way in fiscal 2025.

  1. Welded Wire Reinforcement$424.5M366%up 39% from 2024
  2. PC Strand$223.2M334%down 0% from 2024
Products and services by year
Products and services202320242025
Welded Wire Reinforcement$375.8M$305.8M$424.5M
PC Strand$273.4M$223.4M$223.2M

Regions

United States brought in 99% of the revenue INSTEEL INDUSTRIES INC broke down this way in fiscal 2025.

  1. United States$644.0M399%up 22% from 2024
  2. Outside the United States$3.7M31%up 47% from 2024
Regions by year
Regions202320242025
United States$643.2M$526.7M$644.0M
Outside the United States$6.0M$2.5M$3.7M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue86¢$554.3M
  • Selling, general and admin6¢$39.0M
  • Interest0¢$52.0K
  • Income tax2¢$12.8M
  • Profit6¢$41.0M

Out of $647.7M in revenue.3

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid80¢$21.8M
  • Share buybacks8¢$2.3M
  • Kept or used elsewhere12¢$3.1M

Out of $27.2M of cash from operations.3

Financial statements

Revenue78910113$647.7M in 2025+43% since 2018
0$250.0M$500.0M$750.0M$1.0B2018: $453.2M$453.2M20182019: $455.7M$455.7M2019+1%2020: $472.6M$472.6M2020+4%2021: $590.6M$590.6M2021+25%2022: $826.8M$826.8M2022+40%2023: $649.2M$649.2M2023−21%2024: $529.2M$529.2M2024−18%2025: $647.7M$647.7M2025+22%
Gross profit78910113$93.4M in 2025+32% since 2018
0$50.0M$100.0M$150.0M$200.0M2018: $70.8M$70.8M20182019: $30.1M$30.1M2019−58%2020: $55.8M$55.8M2020+86%2021: $121.5M$121.5M2021+118%2022: $197.3M$197.3M2022+62%2023: $65.4M$65.4M2023−67%2024: $49.6M$49.6M2024−24%2025: $93.4M$93.4M2025+88%
Net income78910113$41.0M in 2025+13% since 2018
0$50.0M$100.0M$150.0M2018: $36.3M$36.3M20182019: $5.6M$5.6M2019−85%2020: $19.0M$19.0M2020+240%2021: $66.6M$66.6M2021+250%2022: $125.0M$125.0M2022+88%2023: $32.4M$32.4M2023−74%2024: $19.3M$19.3M2024−40%2025: $41.0M$41.0M2025+112%

Every line of the income statement as filed: the last 3 fiscal years, latest first.3

Period ending2025-09-302024-09-302023-09-30
Net sales$647.7M$529.2M$649.2M
Cost of sales$554.3M$479.6M$583.8M
Gross profit$93.4M$49.6M$65.4M
Selling, general and administrative expense$39.0M$29.6M$30.7M
Restructuring charges, net$2.3M$0$0
Acquisition costs$325.0K$61.0K$0
Other expense (income), net$17.0K$37.0K-$3.4M
Interest expense$52.0K$89.0K$87.0K
Interest income-$2.1M-$5.4M-$3.7M
Earnings before income taxes$53.8M$25.3M$41.8M
Income taxes$12.8M$6.0M$9.3M
Net earnings$41.0M$19.3M$32.4M
Basic (in dollars per share)$2.11$0.99$1.66
Diluted (in dollars per share)$2.10$0.99$1.66
Cash dividends declared (in dollars per share)$1.12$2.62$2.12
Basic (in shares)19.5M shares19.5M shares19.5M shares
Diluted (in shares)19.6M shares19.6M shares19.6M shares

Compare INSTEEL INDUSTRIES INC with another company

Corporate structure

INSTEEL INDUSTRIES INC sits at the top of its group. 3 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of INSTEEL INDUSTRIES INC

  • INSTEEL INDUSTRIES INC Mount Airy, North Carolina, United States
    • Insteel Wire Products Company Subsidiary · North Carolina, United States
    • Intercontinental Metals Corporation Subsidiary · North Carolina, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What INSTEEL INDUSTRIES INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Land and buildings$17.5M3 Sep 27, 2025$15.3M3 Sep 28, 2024+14.4%
Buildings and improvements$64.3M3 Sep 27, 2025$60.0M3 Sep 28, 2024+7.1%
Machinery and equipment$241.2M3 Sep 27, 2025$227.2M3 Sep 28, 2024+6.1%
Construction in progress$2.3M3 Sep 27, 2025$4.3M3 Sep 28, 2024−46.3%
Property and equipment, before depreciation$325.3M3 Sep 27, 2025$306.9M3 Sep 28, 2024+6.0%
Accumulated depreciation$196.6M3 Sep 27, 2025$181.3M3 Sep 28, 2024+8.4%
Property and equipment, net$128.7M3 Sep 27, 2025$125.5M3 Sep 28, 2024+2.5%
Operating-lease assets (leased space)$3.9M3 Sep 27, 2025$1.7M3 Sep 28, 2024+131.3%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$38.6M3 Sep 27, 2025$111.5M3 Sep 28, 2024−65.4%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$37.8M3 Sep 27, 2025$9.7M3 Sep 28, 2024+287.4%
Intangible assets, net (excluding goodwill)$16.6M3 Sep 27, 2025$5.3M3 Sep 28, 2024+209.9%
Finite-lived intangibles, gross$24.8M3 Sep 27, 2025$11.7M3 Sep 28, 2024+111.4%
Accumulated amortization$8.2M3 Sep 27, 2025$6.4M3 Sep 28, 2024+29.0%
Finite-lived intangibles, net$16.6M3 Sep 27, 2025$5.3M3 Sep 28, 2024+209.9%

Inventory

ItemLatestA year beforeChange
Inventory, total$137.8M3 Sep 27, 2025$88.8M3 Sep 28, 2024+55.1%
Raw materials$62.9M3 Sep 27, 2025$36.8M3 Sep 28, 2024+71.0%
Work in process$9.9M3 Sep 27, 2025$6.1M3 Sep 28, 2024+61.2%
Finished goods$65.0M3 Sep 27, 2025$45.9M3 Sep 28, 2024+41.5%

Properties, in its own words

Our corporate headquarters and IWP’s sales and administrative offices are located in Mount Airy, North Carolina. As of September 27, 2025, we operated eleven manufacturing facilities located in Dayton, Texas; Gallatin, Tennessee; Hazleton, Pennsylvania; Hickman, Kentucky; Houston, Texas; Jacksonville, Florida; Kingman, Arizona; Mount Airy, North Carolina; Sanderson, Florida; St. Joseph, Missouri; and Upper Sandusky, Ohio.

We own all of our real estate. We believe that our properties are in good operating condition and that our machinery and equipment have been well maintained. We also believe that our manufacturing facilities are suitable for their intended purposes and have capacities adequate to satisfy the current and projected demand for our products.

Item 2 of the 10-K filed Oct 23, 2025.6

Leadership

Who has led INSTEEL INDUSTRIES INC, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (26)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Insteel Wire Products Company North Carolina5
  • Intercontinental Metals Corporation North Carolina5

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Aug 21, 20268-K Exit or restructuring costs; Other events46
  2. Aug 11, 20268-K Other events47
  3. Jul 16, 20268-K Results of operations48
  4. May 12, 20268-K Other events49
  5. Apr 16, 20268-K Results of operations50
  6. Feb 11, 20268-K Shareholder vote51
  7. Feb 10, 20268-K Other events52
  8. Jan 15, 20268-K Results of operations53
  9. Nov 14, 20258-K Executive or director change54
  10. Nov 12, 20258-K Other events55
  11. Oct 16, 20258-K Results of operations56
  12. Aug 19, 20258-K Other events57
  13. Jan 10, 2006New chief executive H. O. Woltz Iii. becomes CEO16

Calendar

Coming up

  1. Oct 22, 2026 · Before the openReports results for the quarter ending Sep/2026 A year earlier it reported $0.74 a share, on Oct 16, 2025.58

When it reported results

  1. Jul 16, 2026Reported quarterly or annual results48
  2. Apr 16, 2026Reported quarterly or annual results50
  3. Jan 15, 2026Reported quarterly or annual results53
  4. Oct 16, 2025Reported quarterly or annual results56
  5. Jul 17, 2025Reported quarterly or annual results59
  6. Apr 17, 2025Reported quarterly or annual results60
  7. Jan 16, 2025Reported quarterly or annual results61
  8. Oct 17, 2024Reported quarterly or annual results62

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

300 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 55 major events, 179 insider forms, 22 large holders, 24 other. The latest 20:

  1. Aug 27, 20264 EDGAR
  2. Aug 24, 2026144 EDGAR
  3. Aug 21, 20268-K EDGAR
  4. Aug 18, 20264 EDGAR
  5. Aug 18, 20264 EDGAR
  6. Aug 18, 20264 EDGAR
  7. Aug 18, 20264 EDGAR
  8. Aug 18, 20264 EDGAR
  9. Aug 14, 2026SCHEDULE 13G/A EDGAR
  10. Aug 12, 20264 EDGAR
  11. Aug 12, 20264 EDGAR
  12. Aug 12, 20264 EDGAR
  13. Aug 12, 20264 EDGAR
  14. Aug 12, 20264 EDGAR
  15. Aug 11, 20268-K EDGAR
  16. Jul 16, 202610-Q EDGAR
  17. Jul 16, 20268-K EDGAR
  18. Jul 8, 2026SCHEDULE 13G/A EDGAR
  19. May 12, 20268-K EDGAR
  20. Apr 24, 2026SCHEDULE 13G/A EDGAR

The 300 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

21 open-market trades by officers, directors and large owners since October 2021: 1 buys and 20 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 27, 2026Wagner RichardSenior Vice President and COOSale1,640$30.31$49.7KForm 4
Feb 26, 2026Wagner RichardSenior Vice President and COOSale1,679$37.67$63.2KForm 4
Sep 4, 2025York James R.Senior Vice PresidentSale600$38.50$23.1KForm 4
Aug 26, 2025Wagner RichardSenior Vice President and COOSale4,366$38.42$167.7KForm 4
Aug 22, 2025York James R.Senior Vice PresidentSale3,000$38.50$115.5KForm 4
Jan 21, 2025Wagner RichardSenior Vice President and COOSale13$28.04$365Form 4
Dec 19, 2024Wagner RichardSenior Vice President and COOBuy21$28.57$600Form 4
Mar 1, 2024Wagner RichardSenior Vice President and COOSale1,715$36.14$62.0KForm 4
Sep 6, 2023PETELLE JAMES FVP and Asst. SecretarySale1,499$33.50$50.2KForm 4
Aug 21, 2023Wagner RichardSenior Vice President and COOSale2,533$30.70$77.8KForm 4
Aug 11, 2023Wagner RichardSenior Vice President and COOSale2,628$31.51$82.8KForm 4
Jun 6, 2023PETELLE JAMES FVP and Asst. SecretarySale4,908$31.76$155.9KForm 4
Feb 7, 2023PETELLE JAMES FVP and Asst. SecretarySale3,285$30.51$100.2KForm 4
Jun 7, 2022Jafroodi Scot RVP, CFO and TreasurerSale750$43.64$32.7KForm 4
Jun 6, 2022Jafroodi Scot RVP, CFO and TreasurerSale500$43.54$21.8KForm 4
May 18, 2022Jafroodi Scot RVP, CFO and TreasurerSale1,088$45.50$49.5KForm 4
May 18, 2022Wagner RichardSenior Vice President and COOSale10,576$42.58$450.3KForm 4
May 18, 2022Jafroodi Scot RVP, CFO and TreasurerSale1,088$45.50$49.5KForm 4
May 17, 2022Wagner RichardSenior Vice President and COOSale40,877$42.98$1.8MForm 4
May 4, 2022PETELLE JAMES FVP and Asst. SecretarySale2,407$45.84$110.3KForm 4

All 21 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025H. O. Woltz III$750.0K$3.4M70
2025Richard T. Wagner$395.0K$1.2M70
2025Scot R. Jafroodi$335.0K$1.1M70
2025James R. York$285.0K$852.2K70
2025Elizabeth C. Southern$290.0K$816.8K70
2024President and CEO$705.8K$2.1M70
2024Senior VicePresident and COO$372.9K$949.1K70
2024Vice PresidentCFO and Treasurer$312.9K$767.0K70
2024Vice President AdministrationSecretary and CLO$276.7K$512.1K70
2023President and CEO$700.0K$2.1M70
2023Senior VicePresident and COO$370.0K$920.0K70
2023Vice PresidentCFO and Treasurer$293.8K$745.7K70

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.1,523,656$46.0M0.0%−1,325,117
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.1,199,958$36.2M0.0%+94,905
Dimensional Fund Advisors LP1,169,892$35.3M0.0%+82,110
First Eagle Investment Management, LLC1,022,908$30.9M0.0%+641,954
Vanguard Capital Management LLC821,480$24.8M0.0%+5,659
Geode Capital Management, LLC534,655$16.2M0.0%+38,412
Robotti Robert477,530$14.4M2.3%+179,720
Jane Street Group, LLC438,799$13.3M0.0%+358,154
Citadel Advisors LLC411,992$12.4M0.0%+165,225
State Street Corp400,968$12.1M0.0%−324,524
Qube Research & Technologies Ltd371,738$11.2M0.0%+216,679
Cerity Partners LLC361,160$10.9M0.0%+135,836
Royce & Associates LP354,368$10.7M0.1%+132,980
Bruce & Co., Inc.343,423$10.4M2.8%No change
Charles Schwab Investment Management Inc311,980$9.4M0.0%−38,042
Aqr Capital Management LLC301,372$9.1M0.0%+230,551
Diamond Hill Capital Management, LLC (Investment Advisor)298,778$9.0M0.1%New
Oppenheimer & Co Inc259,432$7.8M0.1%+3,531
Bank of New York Mellon Corp222,700$6.7M0.0%−41,369
Jacobs Levy Equity Management, Inc210,954$6.4M0.0%+46,901
Oppenheimer & Close, LLC200,178$6.0M3.8%+57,600
Two Sigma Investments, LP197,813$6.0M0.0%+15,135
Vanguard Portfolio Management LLC195,998$5.9M0.0%−236,981
Northern Trust Corp183,029$5.5M0.0%−18,539
Goldman Sachs Group Inc170,518$5.1M0.0%+52,884

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How INSTEEL INDUSTRIES INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARINSTEEL INDUSTRIES INC1
  • CIK0000764401
  • Employer ID (EIN)56-06748676
  • Filer statusAccelerated filer not an emerging growth company; not a smaller reporting company; not a shell company6
  • Incorporated inNorth Carolina6
  • Fiscal year endsOctober 31
  • Industry code (SIC)3310 Steel Works, Blast Furnaces & Rolling & Finishing Mills1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address1373 Boggs Dr, Mount Airy, NC 270301
  • Mailing address1373 Boggs Drive, Mount Airy, NC 270301
  • Phone33678621411
  • Shares outstanding19,358,247 as of Jul 15, 202613
  • Public float$395.8M as of Mar 29, 20256
  • AuditorGrant Thornton LLP, Charlotte, North Carolina PCAOB ID 248; it also attests to the company’s internal control over financial reporting6
  • On EDGAR sinceFeb 14, 19941
  • Filings1,556 in all: 4 (802), 8-K (271), SC 13G/A (100), 10-Q (96), 4/A (40), SC 13G (38), 5 (36), DEF 14A (31)1
    All 33 form types

    10-K (24), 3 (15), UPLOAD (11), ARS (10), 144 (9), S-8 (9), SC 13D/A (9), 10-K405 (7), CORRESP (7), S-8 POS (6), SC 13D (6), 8-K/A (5), SCHEDULE 13G/A (5), 5/A (3), NT 10-Q (3), 10-K/A (2), 8-A12B (2), NT 10-K (2), 10-Q/A (1), 25 (1), 3/A (1), 8-A12B/A (1), CERT (1), PRE 14A (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) Oct 23, 2025
    Quarterly report (10-Q) Jul 16, 2026
    Proxy statement (DEF 14A) Jan 2, 2026
    Latest 8-K (8-K) Aug 21, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock (No Par Value)IIINNew York Stock Exchange

From the cover page of the 10-K filed Oct 23, 2025 (Section 12(b) of the Exchange Act).6

Risk factors and legal proceedings

The risks INSTEEL INDUSTRIES INC names in Item 1A of its 10-K filed Oct 23, 2025: 17 risks under these headings, as written.6

  • Industry Specific Risks
  • Our business is cyclical and can be negatively impacted by prolonged economic downturns, rising interest rates or tightening in the financial markets that reduce the level of construction activity and demand for our products.
  • Our business can be negatively impacted by reductions in the amount and duration of government funding for infrastructure projects that reduce the level of construction activity and demand for our products.
  • Foreign competition could adversely impact our financial results.
  • Our financial results can be negatively impacted by the volatility in the cost and availability of our primary raw material, hot-rolled carbon steel wire rod.
  • Demand for our products is highly variable and difficult to forecast due to our minimal backlog and unanticipated changes that can occur in customer order patterns or inventory levels.
  • Presidential actions increasing tariffs on steel and aluminum could materially and adversely affect our business, financial results and cash flows.
  • Operational Risks
  • Our manufacturing facilities are subject to unexpected equipment failures, operational interruptions and casualty losses.
  • Our financial results could be adversely impacted by the escalation of our operating costs.
  • Adverse global economic conditions could have a negative effect on our business, results of operations and financial condition and liquidity.
  • Our business, financial condition and results of operations may be adversely impacted by the effects of inflation.
The other 7 risks
  • Our business and operations are subject to risks related to climate change.
  • Financing Risks
  • Our operations are subject to seasonal fluctuations that may impact our cash flows.
  • Our capital resources may not be adequate to provide for our capital investment and maintenance expenditures if we were to experience a substantial downturn in our financial performance.
  • Legal and Regulatory Risks
  • Changes in environmental compliance and remediation requirements could result in substantial increases in our capital investments and operating costs.
  • General Risks
  • Our stock price can be volatile, often in connection with matters beyond our control.
  • We are increasingly dependent on information technology systems that are susceptible to certain risks, including cybersecurity breaches and data leaks, which could adversely impact our business.
  • Our financial results could be adversely impacted by the impairment of goodwill.

Legal proceedings

We are involved in lawsuits, claims, investigations and proceedings, including commercial, environmental and employment matters, which arise in the ordinary course of business. We do not anticipate that the ultimate cost to resolve these matters will have a material adverse effect on our financial position, results of operations or cash flows.

The opening of Item 3, Legal Proceedings.6

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
    SEC EDGAROther events
  48. 48
  49. 49
    SEC EDGAROther events
  50. 50
  51. 51
  52. 52
    SEC EDGAROther events
  53. 53
  54. 54
  55. 55
    SEC EDGAROther events
  56. 56
  57. 57
    SEC EDGAROther events
  58. 58
  59. 59
  60. 60
  61. 61
  62. 62
  63. 63
  64. 64
  65. 65
  66. 66
  67. 67
  68. 68
  69. 69
  70. 70