| Address:
|
1373 BOGGS DR
|
| City: |
MOUNT AIRY |
|
State: |
NC |
|
Zip Code: |
27030 |
| Telephone: |
910-786-2141 |
|
Description of Business
|
Primary SIC Code:
3310 |
| (As filed with the SEC)
|
|
|
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 prestressed
concrete strand ("PC strand") and welded wire reinforcement ("WWR") products,
including concrete pipe reinforcement ("CPR"), ESM and standard welded wire
reinforcement ("SWWR"). Our products are primarily sold to manufacturers of
concrete products that are used in nonresidential construction. For fiscal 2011,
we estimate that approximately 90% of our sales were related to nonresidential
construction and 10% were related to residential construction.
Insteel is the parent holding company for two wholly-owned subsidiaries, Insteel
Wire Products Company ("IWP"), its operating subsidiary, and Intercontinental
Metals Corporation, an inactive subsidiary. We were incorporated in 1958 in the
State of North Carolina. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 12/2011 | 0.41 | 0.030 | 26.80 | | 09/2011 | -0.02 | 0.030 | N/E | | 06/2011 | -0.17 | 0.030 | N/E | | 03/2011 | -0.29 | 0.030 | N/E | | 12/2010 | -0.34 | 0.030 | N/E | | 09/2010 | 0.03 | 0.030 | 299.33 | | 06/2010 | 0.29 | 0.030 | 40.07 | | 03/2010 | 0.10 | 0.030 | 106.90 |
Key Financial Ratios and Statistics |
FYE:
10/01 |
| Profitability |
2011 |
Leverage |
2011 |
| Net Inc/Comm Equity | -0.01 | Total Liab/Total Assets | 0.31 | | Net Inc/Total Assets | 0.00 | Total Liab/Inv Cap | 0.40 | | Net Inc/Inv Cap | 0.00 | Total Liab/Comm Equity | 1.03 | | Pretax Inc/Net Sales | 0.00 | Interest Coverage Ratio | 1.11 | | Net Inc/Net Sales | 0.00 | Curr Debt/Equity | 0.00 | | Cash Flow/Net Sales | -0.01 | LTD/Equity | 0.09 | | SG&A/NetSales | 0.06 | Total Debt/Equity | 0.10 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 10.07 | Quick Ratio | 0.99 | | Inventory Turnover | 5.07 | Current Ratio | 2.62 | | Inventory Day Sales | 0.01 | Net Rec/Curr Assets | 0.34 | | Net Sales/Work Cap | 4.45 | Inv/Curr Assets | 0.62 | | Net Sales/PP&E | 3.77 | | |
Income Statement (Millions) |
| |
12/31/2011
|
10/1/2011
|
7/2/2011
|
4/2/2011
|
|
Total Revenues(Net Sales)
|
84.81
|
99.09
|
98.58
|
86.93
|
|
Cost of Goods Sold
|
80.15
|
91.35
|
86.05
|
75.33
|
|
Selling & Admin Exps
|
4.59
|
5.97
|
4.95
|
4.52
|
|
Operating Income
|
-0.53
|
2.03
|
5.61
|
4.10
|
|
Interest Exp
|
0.25
|
0.29
|
0.26
|
0.25
|
|
Pretax Income
|
-0.29
|
1.86
|
5.40
|
4.41
|
|
Other Income
|
0.50
|
0.13
|
0.05
|
0.56
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
-0.18
|
0.97
|
3.65
|
2.62
|
|
Assets
|
12/31/2011
|
10/1/2011
|
7/2/2011
|
4/2/2011
|
|
Cash & Short Term Investments
|
0.01
|
0.01
|
2.01
|
3.89
|
|
Receivables - Total
|
36.13
|
41.97
|
43.69
|
37.42
|
|
Inventories - Total
|
73.40
|
76.37
|
70.45
|
61.72
|
|
Total Current Assets
|
114.14
|
122.45
|
121.85
|
107.96
|
|
Net Property, Plant & Equipment
|
88.42
|
89.48
|
90.02
|
93.17
|
|
Total Assets
|
207.84
|
216.53
|
217.95
|
206.90
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
34.51
|
45.98
|
50.22
|
44.43
|
|
Debt in Current Liabilities
|
0.00
|
0.68
|
0.68
|
0.68
|
|
Total Current Liabilities
|
34.51
|
46.66
|
50.89
|
45.10
|
|
Long-Term Debt
|
16.38
|
13.48
|
12.83
|
12.83
|
|
Total Liabilities
|
59.70
|
68.06
|
71.10
|
63.90
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
NA
|
0.00
|
NA
|
NA
|
|
Common Stock
|
17.61
|
17.61
|
17.62
|
17.61
|
|
Retained Earnings
|
83.45
|
84.16
|
83.71
|
80.59
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
148.14
|
148.47
|
146.85
|
143.00
|
|
Total Liabilities and Stockholders' Equity
|
207.84
|
216.53
|
217.95
|
206.90
|
Cash Flow Summary (Millions) |
|
Categories
|
12/31/2011
|
10/1/2011
|
7/2/2011
|
4/2/2011
|
|
Net Cash Provided by Operating Activities
|
-0.73
|
-2.81
|
-0.14
|
5.13
|
|
Net Cash Provided by Investing Activities
|
-1.40
|
1.43
|
-1.26
|
-3.46
|
|
Net Cash Provided by Financing Activities
|
2.13
|
-0.61
|
-0.49
|
-0.57
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 10/2007 | 297.81 | 24.16 | 1.33 | | 10/2008 | 353.86 | 43.75 | 2.47 | | 10/2009 | 230.24 | -22.09 | -1.20 | | 10/2010 | 211.59 | 0.47 | 0.03 | | 10/2011 | 336.91 | -0.39 | -0.02 | | Growth Rates | 3.13 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 79 | 13,031 | 73.99 |
|
Report Date :
2/6/2012
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