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Insteel Industries, Inc. (NASDAQ: IIIN) stands as the nation's largest manufacturer of steel wire reinforcing products for concrete construction applications. With a dedicated workforce of around 800 employees, Insteel operates facilities in Arizona, Florida, Georgia, Kentucky, Missouri, North Carolina, Pennsylvania, Tennessee, and Texas.
The company specializes in the production and marketing of prestressed concrete (PC) strand and welded wire reinforcement (WWR), which includes concrete pipe reinforcement, engineered structural mesh (ESM), and standard welded wire reinforcement. These products are primarily sold to manufacturers of concrete products used in nonresidential construction, making Insteel a critical supplier in infrastructure development and commercial building sectors.
Insteel Industries has a robust financial standing, largely deriving its revenue from the United States market. The company's stock is publicly traded on the NASDAQ Global Select Market under the symbol IIIN, reflecting its strong market presence and investor confidence.
Recent achievements include advancements in their manufacturing processes and strategic partnerships aimed at enhancing product quality and expanding market reach. Insteel continues to innovate within the steel wire reinforcement industry, maintaining its leadership position through a commitment to quality and customer satisfaction.
Insteel Industries (NYSE: IIIN) has announced that it will host a webcast for its third quarter 2024 earnings conference call on July 18, 2024, at 10:00 a.m. ET. The company's third-quarter financial results will be released at 6:30 a.m. ET the same day. The webcast will be accessible through Insteel's investor relations website and will be archived for future replay.
Insteel Industries is the largest U.S. manufacturer of steel wire reinforcing products for concrete construction applications, including prestressed concrete strand and welded wire reinforcement. The company operates ten manufacturing facilities across the United States.
For more information, contact Scot Jafroodi, Vice President, Chief Financial Officer, and Treasurer, at (336) 786-2141.
Insteel Industries (NYSE: IIIN) announced that its board of directors has declared a regular quarterly cash dividend of $0.03 per share. This dividend will be payable on June 28, 2024, to shareholders recorded as of June 14, 2024.
Insteel is the largest U.S. manufacturer of steel wire reinforcing products for concrete construction, offering a range of products including prestressed concrete strand and welded wire reinforcement. The company operates ten manufacturing facilities across the United States and primarily serves nonresidential construction markets.
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