Insteel Industries, Inc. (IIIN)

Insteel Industries, Inc. (IIIN)

Insteel Industries, Inc. (NYSE:IIIN) is the nation’s largest manufacturer of steel wire reinforcing products for concrete construction applications. They have a priority on utilizing the latest advancements in equipment technology to minimize changeover times so they can serve customers more cost-effectively. In doing so, they have become a low-cost producer due to their favorable unit conversion costs relative to other global manufacturers.

Comps: Northwest Pipe Company (Nasdaq:NWPX), Omega Flex, Inc. (Nasdaq:OFLX)

In comparison, Insteel showed significantly better earnings per share than both, to the tune of more than double that of either one. Moreover, Insteel also boasted unmatched price-to-earnings and debt-to-equity ratios as well as revenue and net income. Additionally, they also showed better profit margins and return on equity than Northwest Pipe Company.

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