Insteel Industries, Inc. (IIIN) is well positioned to capitalize on growth in construction and infrastructure spending. The company manufactures steel welded wire reinforcement (WWR), used primarily in concrete construction materials, such as pipe (pipe mesh, building mesh, engineered structural mesh, and precast manholes), driveways, and slabs. Its pre-stressed concrete (PC) strand products are the spine for concrete structures, from bridges to parking garages.
The company has exhibited strong corporate governance with attention to shareholder rights. It complies with environmental regulations but has so far not gone beyond a compliance approach to environmental and sustainability issues, which is not uncommon for its peer group.