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Home > Company Index > Manufacturing > Miscellaneous & Diversified Industrial Products > Insteel Industries, Inc.

Insteel Industries, Inc.
NYSE: III
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 NEWS FROM THE WIRES
Insteel reports loss after charges
Jul 20 2001 07:57 AM PDT

More WIRE STORIES about this company

 PROFILE
WIRE! What is it good for? Absolutely everything -- if you're Insteel Industries. Through its Insteel Wire Products subsidiary, the company manufactures welded wire fabric (62% of sales) used primarily to reinforce concrete pipe. Insteel also makes industrial wire for use in bedding and appliances, bulk nails, collated fasteners (nails for nail guns), and tire bead wire. Another subsidiary, Florida Wire and Cable (acquired 2000), makes prestressed concrete stand and galvanized products. Insteel sells to the automotive, appliance, and home furnishings markets. It has nine factories in the southern US. Chairman Howard Woltz Jr. (son of Insteel's founder) and his family own about 10% of the company.

 COMPETITION
Birmingham Steel Corporation (BIR)
Keystone Consolidated Industries, Inc. (KES)

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: September
2000 Sales (mil.): 315.30
1-Yr. Sales Growth: 16.3%
Employees: 1,270
Revenue per employee: $248,267.72

 KEY PEOPLE
• Howard O. Woltz
    CEO
• Michael C. Gazmarian
    CFO

 CONTACT INFO
1373 Boggs Dr.
Mount Airy, NC 27030
US
Phone: 336-786-2141
Fax: 336-786-2144
Online: Web Site

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