Insteel Industries, Inc. · NYSE:IIIN
Insteel Industries — FY2026 Earnings Presentation
30 slides from Insteel Industries's earnings presentation, Oct 22, 2026
Slide 1: Investor Presentation
INVESTOR PRESENTATION October 22, 2026
Slide 2: Forward-Looking Statements
This presentation contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. When used in this presentation, the words “believes,” “anticipates,” “expects,” “estimates,” “appears,” “plans,” “intends,” “may,” “should,”
Slide 3: Company at a glance: NYSE: IIIN
FOUNDED IN 983 1953 EMPLOYEES HEADQUARTERED IN MOUNT AIRY, NC 11 FACILITIES NATION’S LARGEST NYSE: IIIN MANUFACTURER OF STEEL WIRE REINFORCING PRODUCTS INVESTOR PRESENTATION 10/22/2026 .3
Slide 4: Business Overview
BUSINESS OVERVIEW • Our operations are entirely focused on the manufacturing and marketing of steel wire reinforcing products for concrete 2026 Sales by Product Line construction applications. 36% PC Strand • Our concrete reinforcing products consist of two lines: Welded Wire Reinforcement (“WWR”) a
Slide 5: Business Overview
BUSINESS OVERVIEW Sales by End Use Our products are sold primarily to manufacturers of concrete products that are used in nonresidential construction. 15% Residential Virtually all sales are in the U.S. (< 1% Construction foreign in 2026). 85% Nonresidential Construction Demand is both cyclica
Slide 6: Our Business Strategy Is Focused On
OUR BUSINESS STRATEGY IS FOCUSED ON ACHIEVING OPERATING PURSUING Leadership positions As the lowest cost producer Growth opportunities in our core in our markets in our industry businesses that further our penetration of the markets we currently serve or expand our footprint INVESTOR PRESENTATION 10
Slide 7: Product Overview
PRODUCT OVERVIEW Welded Wire Reinforcement (“WWR”) Produced as both standard and specially engineered reinforcing products for use in nonresidential and residential construction. Broad offering of WWR products includes: • Engineered Structural Mesh (“ESM”) - Engineered made-to-order reinforcing prod
Slide 8: Product Overview
PRODUCT OVERVIEW Prestressed Concrete Strand (“PC Strand” or “PCS”) Seven-wire strand used to impart compression forces into precast concrete elements and structures, providing reinforcement for bridges, parking decks, buildings and other concrete structures. • High tensile strength makes it possibl
Slide 9: Manufacturing Locations
MANUFACTURING LOCATIONS COMPANY OVERVIEW Subtitle of the slide INVESTOR PRESENTATION 10/22/2026 .9
Slide 10: Competitive Position
COMPETITIVE POSITION Primary Competitors Welded Wire Reinforcement PC Strand Wire Mesh Corp. Sumiden Wire Products Concrete Reinforcements Inc. Wire Mesh Corp. National Wire Products Imports Davis Wire Oklahoma/Iowa Steel and Wire Largest domestic producer of WWR and PC strand and
Slide 11: Growth Strategy - Organic
GROWTH STRATEGY - ORGANIC • Continued conversion of rebar users to ESM for cast-in-place applications represents a substantial growth opportunity that leverages our manufacturing and engineering capabilities. • Eliminates labor intensive process of placing and hand-tying required for rebar, yielding
Slide 12: Growth Strategy - Acquisitions
GROWTH STRATEGY - ACQUISITIONS Ivy Steel & Wire American Spring Wire Ortiz Engineered Products Strand-Tech Manufacturing Engineered Wire Products O'Brien Wire Products Second Largest U.S. Second Largest U.S. Provider of Value-Engineered Fourth Largest U.S. Third Largest U.S. Producer of WWR Producer
Slide 13: Financials – Net Sales
FINANCIALS – NET SALES INVESTOR PRESENTATION 10/22/2026 .13
Slide 14: Shipments and Average Selling Prices (Annual)
FINANCIALS – SHIPMENTS AND AVERAGE SELLING PRICES (ANNUAL) INVESTOR PRESENTATION 10/22/2026 .14
Slide 15: Gross Profit Drivers (Annual)
FINANCIALS – GROSS PROFIT DRIVERS (ANNUAL) % of 2026 Cost of Sales Freight 7% Conversion Cost 22% Raw Materials 71% Freight Conversion Cost Raw materials Shipments and operating volumes Spreads Difference between selling price and raw material cost (hot-rolled steel wire rod) Unit manufacturin
Slide 16: Gross Profit (Annual)
FINANCIALS – GROSS PROFIT (ANNUAL) INVESTOR PRESENTATION 10/22/2026 .16
Slide 17: Gross Profit (Quarterly)
FINANCIALS – GROSS PROFIT (QUARTERLY) INVESTOR PRESENTATION 10/22/2026 .17
Slide 18: EBITDA (Annual)
FINANCIALS – EBITDA (ANNUAL) INVESTOR PRESENTATION 10/22/2026 .18
Slide 19: EBITDA (Quarterly)
FINANCIALS – EBITDA (QUARTERLY) INVESTOR PRESENTATION 10/22/2026 .19
Slide 20: EBITDA Reconciliation
FINANCIALS – EBITDA RECONCILIATION • Earnings before interest, taxes, depreciation and amortization (“EBITDA”) calculated as earnings from continuing operations before interest expense and income, other income, depreciation and amortization, stock-based compensation expense and income taxes, and exc
Slide 21: Earnings Per Share (Annual)
FINANCIALS – EARNINGS PER SHARE (ANNUAL) INVESTOR PRESENTATION 10/22/2026 .21
Slide 22: Earnings Per Share (Quarterly)
FINANCIALS – EARNINGS PER SHARE (QUARTERLY) INVESTOR PRESENTATION 10/22/2026 .22
Slide 23: Cash Flow 2022–2026
FINANCIALS – CASH FLOW 2022 – 2026 Sources (Uses) ($ Millions) INVESTOR PRESENTATION 10/22/2026 .23
Slide 24: Capital Expenditures (Annual)
FINANCIALS – CAPITAL EXPENDITURES (ANNUAL) • Capital expenditures expected to total approximately $30.0 million in fiscal 2027. Planned investments will primarily support expansion of our engineered structural mesh business, strategic investments in its prestressed concrete strand operations, cost r
Slide 25: Capital Structure
FINANCIALS – CAPITAL STRUCTURE • As of October 3, 2026, we were debt-free with $37.5 million of cash and no borrowings outstanding on our $100.0 million revolving credit facility. INVESTOR PRESENTATION 10/22/2026 .25
Slide 26: Dividend and Share Repurchase Programs
DIVIDEND AND SHARE REPURCHASE PROGRAMS Regular Quarterly Cash Dividend Currently paying regular quarterly cash dividend of $0.03 per share. Special Cash Dividends Paid $1.00 per share special cash dividend in December 2025 and December 2024; $2.50 in December 2023; $2.00 in December 2022 and Dec
Slide 27: Leading Indicators – ABI and DMI
LEADING INDICATORS – ABI AND DMI Architecture Billings Index (“ABI”) and Dodge Momentum Index (“DMI”) are leading indicators for nonresidential building construction activity. In September, the ABI declined to 44.7 from 47.2 in August, indicating a further deterioration in business conditions at
Slide 28: Outlook
As we enter fiscal 2027, publicly funded infrastructure activity continues to provide a solid foundation for our business, while data center investment remains the primary source of activity in our private nonresidential construction markets. Our pursuit of growth opportunities within our engineered
Slide 29: Investment Considerations
INVESTMENT CONSIDERATIONS Strong cash flow generation and Highly variable cost structure Significant growth potential of disciplined capital allocation strategy advantageous in all economic existing facilities through increased environments capacity utilization National footprint of facilities Multi
Slide 30: Reinforcing America
REINFORCING AMERICA SUPPORTING OUR NATION’S INFRASTRUCTURE IS THE FOUNDATION OF EVERYTHING WE DO INVESTOR PRESENTATION 10/22/2026 .30