Insteel Industries Inc

NYSE IIIN

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Insteel Industries Inc Return on Tangible Equity (ROTE) 5 year CAGR for the Trailing 12 Months (TTM) ending March 31, 2024: -7.40%

Insteel Industries Inc Return on Tangible Equity (ROTE) 5 year CAGR is -7.40% for the Trailing 12 Months (TTM) ending March 31, 2024, a -158.90% change year over year. Return on tangible equity measures the profitability of a company relative to its tangible equity, which is shareholders' equity minus goodwill and intangible assets. It is calculated by dividing the net income by the tangible equity. This ratio indicates the return generated for each unit of tangible equity invested by the shareholders. A higher return on tangible equity suggests better profitability and value creation for the shareholders' tangible investment. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.
  • Insteel Industries Inc Return on Tangible Equity (ROTE) for the Trailing 12 Months (TTM) ending March 31, 2023 was 5.57%, a -40.09% change year over year.
  • Insteel Industries Inc Return on Tangible Equity (ROTE) for the Trailing 12 Months (TTM) ending March 31, 2022 was 9.30%, a 138.30% change year over year.
  • Insteel Industries Inc Return on Tangible Equity (ROTE) for the Trailing 12 Months (TTM) ending March 31, 2021 was 3.90%, a 579.54% change year over year.
  • Insteel Industries Inc Return on Tangible Equity (ROTE) for the Trailing 12 Months (TTM) ending March 31, 2020 was 0.57%, a -81.67% change year over year.
NYSE: IIIN

Insteel Industries Inc

CEO Mr. Howard Osler Woltz III
IPO Date March 17, 1992
Location United States
Headquarters 1373 Boggs Drive, Mount Airy, NC, United States, 27030
Employees 884
Sector Industrials
Industry Metal fabrication
Description

Insteel Industries, Inc., together with its subsidiaries, manufactures and markets steel wire reinforcing products for concrete construction applications. The company offers prestressed concrete strand (PC strand) and welded wire reinforcement (WWR) products. Its PC strand is a seven-wire strand that is used to impart compression forces into precast concrete elements and structures providing reinforcement for bridges, parking decks, buildings, and other concrete structures. The company's WWR engineered reinforcing product is used in nonresidential and residential construction. It produces a range of WWR products, such as engineered structural mesh, an engineered made-to-order product that is used as the primary reinforcement for concrete elements or structures serving as a reinforcing solution for hot-rolled rebar; concrete pipe reinforcement, an engineered made-to-order product, which is used as the primary reinforcement in concrete pipe, box culverts, and precast manholes for drainage and sewage systems, water treatment facilities, and other related applications; and standard welded wire reinforcement, a secondary reinforcing product for crack control applications in residential and light nonresidential construction, including driveways, sidewalks, and various slab-on-grade applications. It sells its products through sales representatives to the manufacturers of concrete products, rebar fabricators, distributors, and contractors. Insteel Industries, Inc. was founded in 1953 and is headquartered in Mount Airy, North Carolina.

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StockViz Staff

September 20, 2024

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