BNET Industries

Insteel Industries Inc.

(IIIN) is in the Manufacturing Industry

Market Cap:$201.8M
Last Fiscal Year Sales:$353.8M
  • Public
  • US
Dow Jones Description

Steel Wire Reinforcing Products Mfr

Number of Employees 523
Contact Information

1373 Boggs Dr

Mount Airy, North Carolina 27030

www.insteel.com

(336) 786-2141

NAICS Code Iron and Steel Mills: 331111

Recent Events

  • Insteel Industries board declares 3 cent dividend

    11/19/09 - Stock Split / Dividend - View Story

  • Insteel Industries posts profit of $1.7 million for 4th quarter

    10/23/09 - Financial Announcement - View Story

  • Insteel Industries Inc. Q3 2009 Earnings Call Transcript

    7/16/09 - Financial Announcement - View Story

News & Analysis

insteel industries inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Howard O. Woltz CEO
Michael C. Gazmarian CFO, Treasurer & Vice President
Scot R. Jafroodi Chief Accounting Officer & Controller
James F. Petelle Vice President, Admin & Assistant Secretary
Richard T. Wagner Vice President

Board of Directors

Name (plus bio) Position
Howard O. Woltz Chairman
C. Richard Vaughn Board of Directors
Charles B. Newsome Board of Directors
Frances H. Johnson Board of Directors
Gary L. Pechota Board of Directors
Louis E. Hannen Board of Directors
W. Allen Rogers II Board of Directors
William J. Shields Board of Directors

Mr. Woltz was elected Chairman of the Board in February 2009 and Chief Executive Officer in 1991 and has served in various capacities with the Company and its subsidiaries since 1978. He was named President and Chief Operating Officer in 1989 after serving as Vice President since 1988 and, previously, President of Rappahannock Wire Company, formerly a subsidiary of the Company, since 1981. Mr. Woltz has been a director of the Company since 1986 and also serves as President of Insteel Wire Products Company, the Company's wholly-owned subsidiary. He served as President of Florida Wire and Cable, Inc. until its merger with Insteel Wire Products Company in 2002. Mr. Woltz is the son of Howard O. Woltz, Jr. Age: 52.

Organization Position Status
Insteel Industries, Inc. CEO Current
Insteel Wire Products President & CEO Current
Insteel Industries, Inc. Board of Directors Current
Insteel Industries, Inc. President Former
Insteel Industries, Inc. Executive Officer Former

Mr. Gazmarian was elected Vice President, Chief Financial Officer and Treasurer in February 2007. He previously served as Chief Financial Officer and Treasurer since 1994, the year he joined the Company. Mr. Gazmarian was previously employed by Guardian Industries Corp., a privately-held glass manufacturer, since 1986, where he served in various capacities, most recently as Vice President - Finance and Administration of a Guardian subsidiary. Age: 49.

Organization Position Status
Insteel Industries, Inc. CFO, Treasurer & Vice President Current
Insteel Industries, Inc. Board of Directors Current
Guardian Industries Corp. Vice President, Finance Former
University of Michigan B.B.A. and M.B.A. Degrees Former

Organization Position Status
Insteel Industries, Inc. Chief Accounting Officer & Controller Current

Organization Position Status
Andrew Corporation Secretary & Vice President Current
Insteel Industries, Inc. Vice President, Admin & Assistant Secretary Current
A B Company Former
University of Michigan J.D. Degree Former
University of Notre Dame B.A. Degree Former

Mr. Wagner joined Insteel in 1992 and has served as Vice President and General Manager of the Concrete Reinforcing Products Business Unit of the Company's subsidiary, Insteel Wire Products Company, since 1998. He previously served in various positions with Florida Wire and Cable, Inc., a manufacturer of PC strand and galvanized strand products, since 1977. Mr. Wagner received his B.B.A. degree from the University of North Florida. Age: 47.

Organization Position Status
Insteel LLC Vice President and General Manager Current
Insteel Industries, Inc. Vice President Current
University of North Florida B.B.A. Degree Former

Organization Position Status
Insteel Industries, Inc. Chairman Current

Mr. Vaughn is Chairman of the Board and Chief Executive Officer of John S. Clark Company, Inc., a general building contracting company, with which he has been affiliated since 1967. He served as Vice President from 1967 to 1970 and President from 1970 to 1988 and has served as Chairman of the Board and Chief Executive Officer from 1988 to the present. Mr. Vaughn also serves as Chairman of the Board of North Carolina Granite Corporation and Riverside Building Supply, Inc. Age: 69.

Organization Position Status
Insteel Industries, Inc. Board of Directors Current
John S. Clark Company Inc. Chairman of the Board and Chief Executive Officer Former
Insteel Industries, Inc. Vice President Former
Riverside Building Supply Chairman of the Board Former
John S. Clark Company Inc. Board of Directors Former

Organization Position Status
Johnson Concrete Co. President Current
Insteel Industries, Inc. Board of Directors Current
Insteel Industries, Inc. Executive Vice President Former
Johnson Concrete Co. Vice President Former
Johnson Concrete Co. General Manager Former

Organization Position Status
Insteel Industries, Inc. Board of Directors Current
Insteel Industries, Inc. President Former

Since 2007, Mr. Pechota has been the majority owner, President and Chief Executive Officer of DT-Trak Consulting, Inc., a company which provides medical coding and other revenue enhancement services to medical facilities. From 2005 to 2007, Mr. Pechota was a private investor after having served as Chief of Staff of the National Indian Gaming Commission from 2003 to 2005. He was a private investor and consultant from 2001 to 2003. Prior to that, Mr. Pechota served as Chairman of the Board and Chief Executive Officer of Giant Cement Holding, Inc. from its inception in 1994 to 2001. He previously served as Chief Executive Officer of Giant Cement Company, a subsidiary of Giant Cement Holding, Inc., from 1993 to 2001, and as Chief Executive Officer of Keystone Cement Company from 1992 to 2001. Prior to joining Keystone, Mr. Pechota served as President and Chief Executive Officer of South Dakota Cement from 1982 to 1992. Mr. Pechota is also a director of Black Hills Corporation, a publicly-held company. Age: 59.

Organization Position Status
Insteel Industries, Inc. Board of Directors Current
Insteel Industries, Inc. Chairman President & CEO Former
Giant Cement Company Chief Executive Officer Former
Keystone Cement Company Chief Executive Officer Former
Giant Cement Holding Inc. Chairman of the Board and Chief Executive Officer Former

Mr. Hannen served in various capacities with Wheat, First Securities, Inc., from 1975 until his retirement as Senior Vice President in 1993. Since his retirement, Mr. Hannen has been an investment advisor and consultant. Prior to joining Wheat, First Securities, he worked for the U.S. Securities and Exchange Commission from 1963 to 1965, Craigie and Company from 1965 to 1970 and Legg Mason Wood Walker, Inc. from 1970 to 1975. Age: 70.

Organization Position Status
Insteel Industries, Inc. Board of Directors Current
Insteel Industries, Inc. Senior Vice President Former

Mr. Rogers is a Principal of Ewing Capital Partners, LLC, an investment banking firm founded in 2003. He previously served as Senior Vice President of Intrepid Capital Corporation, an investment banking and asset management firm, from 2002 to 2003; President of Rogers & Company, Inc., a private investment banking boutique, from 1998 to 2002; Managing Director of KPMG BayMark Capital LLC, and the investment banking practice of KPMG, from 1995 to 1997; and Senior Vice President - Investment Banking of Interstate/Johnson Lane Corporation from 1986 to 1995 where he also served as a Director from 1990 to 1995. Age: 62.

Organization Position Status
Insteel Industries, Inc. Board of Directors Current

Mr. Shields served as Chairman of the Board and Chief Executive Officer of Co-Steel, Inc., an international steel producer and scrap recycling company, from 1995 to 1997 and as President and Chief Executive Officer from 1987 to 1995. Mr. Shields has been retired since 1997. Age: 76.

Organization Position Status
Insteel Industries, Inc. Board of Directors Current
Steel Inc Chairman of the Board and Chief Executive Officer Former
Insteel Industries, Inc. CEO Former

Executive News

  • Insteel Industries Inc. Q3 2009 Earnings Call Transcript

    Seeking Alpha - 7/16/09 - View Story

  • IIIN: CEO and CFO Discuss Q3 Results and Expect Industry Conditions to Continue

    TradingMarkets - 7/16/09 - View Story

  • UPDATE 2-Insteel breaks even in Q3, beats Street view

    Reuters - 7/16/09 - View Story

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     IIIN $11.52 -0.23 (-1.96% )
Average Volume 75,939
Shares Outstanding 17.52M
Market Cap 201.9M
Year High 13
Year Low 4.76
Earnings Per Share -1.20
P/E Ratio -9.60
Dividend 0.12
Yield 1.04
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