Here are 1-3 brief analogies for Insteel Industries:

• Insteel is like a specialized Nucor, but instead of making raw steel, they fabricate critical steel wire and mesh specifically for reinforcing concrete structures.
• Insteel is like the Owens Corning for concrete, providing the crucial steel reinforcement that makes bridges, buildings, and pipes strong, rather than insulation or roofing.

• Prestressed Concrete Strand (PC strand): A seven-wire strand used to impart compression forces into precast concrete elements and structures for reinforcement in various construction projects.
• Engineered Structural Mesh: An engineered, made-to-order welded wire mesh product used as primary reinforcement for concrete elements or structures, serving as an alternative to hot-rolled rebar.
• Concrete Pipe Reinforcement: An engineered, made-to-order welded wire product used as primary reinforcement in concrete pipe, box culverts, and precast manholes for drainage and sewage systems.
• Standard Welded Wire Reinforcement: A secondary reinforcing product primarily used for crack control applications in residential and light nonresidential construction, including driveways and sidewalks.

• Manufacturers of concrete products
• Rebar fabricators
• Distributors
• Contractors

H. O. Woltz III, Chairman, President and Chief Executive Officer

H. O. Woltz III has served as Insteel's Chairman, President, and Chief Executive Officer for many years, having been with the company and its subsidiaries since 1978. He was elected Chief Executive Officer in 1991, President in 1989, and Chairman of the Board in 2009. Prior to these roles, he served as President of Rappahannock Wire Company, a former subsidiary, from 1981 to 1989, and as President of Florida Wire and Cable, Inc. until its merger into Insteel Wire Products Company in 2002. He led the family-owned company through the process of becoming a publicly traded entity and has been instrumental in its growth and acquisitions, transforming it from a regional company to one with a national scope.

Scot R. Jafroodi, Vice President, Chief Financial Officer and Treasurer

Scot R. Jafroodi currently serves as Insteel's Vice President, Chief Financial Officer and Treasurer, a position he assumed on January 2, 2023. He has held various capacities with the company since 2005, including Vice President, Corporate Controller, and Chief Accounting Officer from October 2020 to 2023. Before joining Insteel, Mr. Jafroodi was a Senior Manager at BDO Seidman, LLP from 2003 to 2005 and spent 10 years at Deloitte & Touche USA, LLP, most recently as a Senior Manager.

Richard T. Wagner, Senior Vice President, Chief Operating Officer

Richard T. Wagner is Insteel's Senior Vice President, Chief Operating Officer, a role he has held since 2020. He has been with Insteel and its subsidiaries since 1992, having previously served as Vice President and General Manager of the Concrete Reinforcing Products Business Unit of Insteel Wire Products Company from 1998 to 2020. Prior to his tenure at Insteel, Mr. Wagner held various positions with Florida Wire and Cable, Inc. from 1977.

James R. York, Senior Vice President, Sourcing and Logistics

James R. York serves as Insteel's Senior Vice President, Sourcing and Logistics. He has been with Insteel Industries, Inc. in various capacities.

Elizabeth C. Southern, Vice President, Administration, Secretary and Chief Legal Officer

Elizabeth C. Southern joined Insteel in 2023 and is currently the Vice President, Administration, Secretary, and Chief Legal Officer. Before joining Insteel, Ms. Southern held various senior management roles with Hanesbrands Inc. from 2011 to 2023, including Deputy General Counsel and Assistant Secretary, and Vice President, Human Resources. Earlier in her career, she worked as an associate attorney at Womble Bond Dickinson (US) LLP.

Insteel Industries (symbol: IIIN) operates in addressable markets related to prestressed concrete strand (PC strand) and welded wire reinforcement (WWR).

Prestressed Concrete (PC) Strand Market

• The global prestressed concrete wire and strand market was valued at approximately $6.55 billion in 2025 and is projected to reach $10.88 billion by 2035, exhibiting a compound annual growth rate (CAGR) of 5.21% from 2026 to 2035. Other estimates place the global market at $5.2 billion in 2022, with a projection to reach $9.1 billion by 2032, growing at a CAGR of 5.6% from 2023 to 2032.
• In North America, the PC wire and strand market is a significant segment, with the U.S. market specifically valued at $1.33 billion in 2025. It is expected to grow to $1.99 billion by 2035, at a CAGR of 4.13% over the forecast period of 2026–2035. The U.S. market for PC wire and strand was also valued at $1.2 billion in 2022 and is anticipated to grow at a CAGR of 3.5% from 2023 to 2030. In 2025, North America accounted for an estimated 29% share of the Prestressed Concrete Wire and Strand Market.

Welded Wire Reinforcement (WWR) Market

• The global welded wire reinforcement market is estimated to be valued between $15.5 billion and $25.5 billion in 2025. This market is projected to experience a steady compound annual growth rate ranging from 1.8% to 3.8% through 2030.
• North America represents a mature and significant regional market for welded wire reinforcement, with growth rates estimated at 1.5% to 2.8% annually. North America's estimated share of the global welded wire fabric market is 18%.

Insteel Industries (IIIN) is anticipated to drive future revenue growth over the next two to three years through several key factors:

1. Sustained Demand in Non-Residential Construction: The company expects continued strength in non-residential construction, particularly from infrastructure spending and the robust activity in data center development. This segment has been identified as a key demand driver.
2. Benefits from Recent Acquisitions: Insteel completed two acquisitions shortly after the close of fiscal 2024, which are projected to enhance its competitive position in the Midwestern and Texas markets and contribute to incremental shipment volumes and solid returns.
3. Effective Pricing Actions and Favorable Spreads: The company has demonstrated the ability to implement pricing adjustments to offset rising raw material and operating costs. Maintaining wider spreads between selling prices and raw material costs has positively impacted net sales and gross margins, and is expected to continue supporting revenue growth.
4. Anticipated Recovery in Residential Construction: While residential markets have experienced softness, Insteel's management observes early signs of stabilization and a cautiously optimistic long-term outlook for demand. A downward trajectory of interest rates could further support a recovery in this sector.

Share Repurchases

• From September 28, 2025, to December 27, 2025, Insteel Industries repurchased US$0.74 million worth of shares.
• Repurchases of common stock for the first quarter of fiscal 2026 amounted to $0.745 million.
• Cumulative repurchases under a buyback program initiated in 2008 total US$8.39 million for 280,509 shares.

Capital Expenditures

• Capital outlays for fiscal 2026 are expected to reach up to approximately $20.0 million, primarily focused on cost and productivity improvement initiatives as well as recurring maintenance requirements.
• Capital expenditures for fiscal 2025 decreased to $8.2 million.
• For fiscal 2024, capital expenditures were $19.1 million, with a focus on cost and productivity.