One of the largest U.S. makers of steel wire reinforcing products for concrete, Insteel supplies the prestressed concrete strand and welded wire mesh that strengthen buildings, bridges, and concrete pipes for nonresidential construction. The company began in 1953 when Howard Woltz Jr. bought a concrete block plant in Mount Airy, North Carolina, and it jumped into wire in 1974 after a steel shortage threatened its own operations. Its name comes from combining "in" and "steel," a nod to the industry it serves.
Insteel Industries to close Upper Sandusky, Ohio facility, cutting up to 65 jobs
Insteel Industries Inc. announced on August 21, 2026, that its subsidiary Insteel Wire Products Company will close the Upper Sandusky, Ohio facility and shift manufacturing to other welded wire reinforcement plants.
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The closure is expected to eliminate up to 65 positions, with operations ceasing by the end of October 2026.
The company expects to incur a restructuring charge of approximately $4.6 million, including $2.5 million for equipment relocation, $0.4 million for employee separation, $1.0 million for asset impairment, and $0.7 million for other closure-related costs.
Cash expenditures from the restructuring are expected to begin in the first quarter of fiscal 2027 and continue through the remainder of the fiscal year.
The company stated it does not expect the action to affect revenue, citing ample open capacity at remaining facilities.
2.05 Costs Associated with Exit or Disposal Activities · 8.01 Other Events · 9.01 Financial Statements and Exhibits
Insteel Industries declares $0.03 per share quarterly cash dividend payable September 25, 2026
The announcement was made via a news release dated August 11, 2026, included as Exhibit 99.1 to the Form 8-K.
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On August 11, 2026, Insteel Industries Inc. announced its Board of Directors declared a regular quarterly cash dividend of $0.03 per share of common stock.
The dividend is payable on September 25, 2026, to shareholders of record as of September 11, 2026.
Insteel Industries is headquartered in Mount Airy, North Carolina, and is the nation's largest manufacturer of steel wire reinforcing products for concrete construction.
The report was filed under Item 8.01 (Other Events) as a routine dividend declaration disclosure.
8.01 Other Events · 9.01 Financial Statements and Exhibits
Insteel Industries reports Q3 2026 net earnings of $9.0 million, down from $15.2 million a year ago
Net sales increased 9.9% to $197.7 million from $179.9 million in the prior-year quarter, driven by an 8.0% increase in average selling prices and a 1.7% rise in shipments.
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Gross profit declined to $20.1 million from $30.8 million, with gross margin narrowing to 10.2% from 17.1%, due to inflationary cost pressures.
The company repurchased 75,000 shares for $1.9 million during the quarter and ended with $22.9 million cash and no debt.
Fiscal 2026 capital expenditures are now expected to be approximately $15.0 million, down from the prior expectation of $20.0 million.
Management expressed a favorable outlook for the remainder of fiscal 2026, citing healthy infrastructure demand and temporary cost headwinds.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Insteel Industries shareholders elect three directors and approve executive compensation and Grant Thornton ratification at 2026 annual meeting.
Shareholders elected Abney S. Boxley II, Anne H. Lloyd, and Eric J. Zernikow to the Board; Boxley and Lloyd received three-year terms ending in 2029, while Zernikow received a one-year term ending in 2027.
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Insteel Industries held its 2026 Annual Meeting of Shareholders on February 10, 2026.
The advisory vote on executive compensation passed with 15,758,514 votes for, 493,414 against, and 121,151 abstentions.
The appointment of Grant Thornton LLP as independent registered public accounting firm for fiscal year ending October 3, 2026 was ratified with 17,661,421 votes for, 231,854 against, and 118,309 abstentions.
The report was filed under Item 5.07 (Submission of Matters to a Vote of Security Holders) and Item 9.01 (Financial Statements and Exhibits).
5.07 Submission of Matters to a Vote of Security Holders · 9.01 Financial Statements and Exhibits
The announcement was made via a news release included as Exhibit 99.1 to the Form 8-K.
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On February 10, 2026, Insteel Industries Inc. announced its Board of Directors declared a regular quarterly cash dividend of $0.03 per share of common stock.
The dividend is payable on March 27, 2026, to shareholders of record as of March 13, 2026.
The company is headquartered in Mount Airy, North Carolina, and is the largest U.S. manufacturer of steel wire reinforcing products for concrete construction.
The filing was made under Item 8.01 (Other Events) to disclose the dividend declaration.
8.01 Other Events · 9.01 Financial Statements and Exhibits
Insteel Industries reports Q1 2026 net income of $7.6M, up from $1.1M year-over-year
Net sales rose 23.3% to $159.9 million from $129.7 million in the prior year quarter, driven by an 18.8% increase in average selling prices and a 3.8% rise in shipments.
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Gross profit was $18.1 million, or 11.3% of net sales, up from 7.3% in the prior year quarter.
Net income was $7.6 million, or $0.39 per share, compared with $1.1 million, or $0.06 per share, in the prior year quarter.
Paid a special cash dividend of $19.4 million, or $1.00 per share, on December 12, 2025, and ended the quarter with $15.6 million cash and no debt outstanding.
Capital expenditures for fiscal 2026 are expected to total up to approximately $20.0 million.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits