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Insteel

30.41

+3.6913.81%

Post-market: 30.410.00000.00%18:38 EDT

Volume:308.15K

Turnover:9.23M

Market Cap:590.89M

PE:30.80

High:30.64

Open:29.55

Low:28.79

Close:26.72

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Overview Company News Filings

Insteel Industries Inc reports results for the quarter ended December 31 - Earnings Summary

Insteel reports Q1 EPS 6c vs. 6c last year

Insteel Indus Q1 2025 GAAP EPS $0.06 Misses $0.10 Estimate, Sales $129.720M Beat $117.452M Estimate

BRIEF-Insteel Industries Q1 Sales USD 129.7 Million

Insteel Industries Q1 Capex USD 2.7 Million

THOMSON REUTERS

Insteel Industries Q1 Gross Margin 7.3%

THOMSON REUTERS

Insteel Industries Reports First Quarter 2025 Results

Insteel Industries Inc expected to post earnings of 10 cents a share - Earnings Preview

New Strong Buy Stocks for December 20th

Time to Buy These Top-Rated Industrial Products Stocks: DXPE, IIIN, ZBRA

Press Release: Insteel Industries Announces First Quarter 2025 Conference Call

BRIEF-Insteel Industries Announces Addition Of Blake Doyle To Its Board Of Directors

Insteel Industries Strengthens Board with New Appointment

Insteel Industries Announces Addition of Blake Doyle to Its Board of Directors

THOMSON REUTERS

Insteel Industries Announces Addition of Blake Doyle to Its Board of Directors

Insteel Industries to Incur $1.9M Charge for Facility Closure

Insteel closes Warren, Ohio facility

Insteel Industries Announces Closure of Warren, Ohio Facility

THOMSON REUTERS

Insteel Industries: Expects to Incur a Restructuring Charge of About $1.9 Mln Related to Facility's Closure

THOMSON REUTERS

Insteel Industries Announces Closure of Warren, Ohio Facility

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Results for the current quarter include $1.0M in restructuring charges and acquisition-related co...","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/the-fly/insteel-reports-q1-eps-6c-vs-6c-last-year?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/the-fly/insteel-reports-q1-eps-6c-vs-6c-last-year?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["IIIN"],"gpt_icon":0},{"id":"2503967185","title":"Insteel Indus Q1 2025 GAAP EPS $0.06 Misses $0.10 Estimate, Sales $129.720M Beat $117.452M Estimate","url":"https://stock-news.laohu8.com/highlight/detail?id=2503967185","media":"Benzinga","labels":["express"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2503967185?lang=en_us&edition=fundamental","pubTime":"2025-01-16 19:32","pubTimestamp":1737027122,"startTime":"0","endTime":"0","summary":"Insteel Indus (NYSE:IIIN) reported quarterly earnings of $0.06 per share which missed the analyst consensus estimate of $0.10 by 40 percent.  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Payment of special cash dividend totaling $19.4 million, or $1.00 per share. Capital expenditures for the first quarter of fiscal 2025 decreased to $2.7 million from $12.3 million in the prior year quarter. Capital outlays for fiscal 2025 are expected to total up to approximately $22.0 million, primarily focused on cost and pr","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/insteel-industries-reports-first-quarter-113000822.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["IIIN","BK4086"],"gpt_icon":0},{"id":"2503578478","title":"Insteel Industries Inc    expected to post earnings of 10 cents a share - Earnings Preview","url":"https://stock-news.laohu8.com/highlight/detail?id=2503578478","media":"Reuters","labels":["preview"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2503578478?lang=en_us&edition=fundamental","pubTime":"2025-01-14 21:33","pubTimestamp":1736861592,"startTime":"0","endTime":"0","summary":"* Insteel Industries Inc     is expected to show a fall in quarterly revenue when it reports  results on January 16 for the period ending December 31 2024   * The Mount Airy North Carolina-based  comp","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":"Insteel Industries Inc    expected to post earnings of 10 cents a share - Earnings Preview","news_tag":"preview","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["IIIN"],"gpt_icon":0},{"id":"2492412863","title":"New Strong Buy Stocks for December 20th","url":"https://stock-news.laohu8.com/highlight/detail?id=2492412863","media":"Zacks","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2492412863?lang=en_us&edition=fundamental","pubTime":"2024-12-20 19:13","pubTimestamp":1734693180,"startTime":"0","endTime":"0","summary":"Here are five stocks added to the Zacks Rank #1  List today:. LATAM Airlines Group LTM: This company which offers domestic and international passenger and cargo air services primarily in Chile, the United States, the South Pacific, Europe and Latin America, has seen the Zacks Consensus Estimate for its current year earnings increasing 26.4% over the last 60 days.LATAM Airlines Group S.A. price-consensus-chart | LATAM Airlines Group S.A. Quote. Vince Holding VNCE: This company which offers a broad range of women's and men's ready-to-wear, has seen the Zacks Consensus Estimate for its current year earnings increasing 14.6% over the last 60 days.Vince Holding Corp. price-consensus-chart | Vince Holding Corp. Quote. Insteel Industries IIIN: This company which is one of the nation's largest manufacturers of steel wire reinforcing products for concrete construction applications, has seen the Zacks Consensus Estimate for its current year earnings increasing 8.8% over the last 60 day.Insteel I","market":"us","thumbnail":"https://s.yimg.com/uu/api/res/1.2/Lf013mt0daFEgyWCA_gYYA--~B/aD00MDk7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/0a0e0e8e45e6a6fd6f94cda0e9781acd","type":0,"news_type":0,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/Lf013mt0daFEgyWCA_gYYA--~B/aD00MDk7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/0a0e0e8e45e6a6fd6f94cda0e9781acd"],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/strong-buy-stocks-december-20th-111300486.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["VNCE","REVG","BK4086","BK4008","LTM","MKTAY","IIIN","BK4161","BK4149","BK4202"],"gpt_icon":1},{"id":"2492431497","title":"Time to Buy These Top-Rated Industrial Products Stocks: DXPE, IIIN, ZBRA","url":"https://stock-news.laohu8.com/highlight/detail?id=2492431497","media":"Zacks","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2492431497?lang=en_us&edition=fundamental","pubTime":"2024-12-20 06:53","pubTimestamp":1734648780,"startTime":"0","endTime":"0","summary":"As we edge closer to the new year, investors may want to pay attention to several industrial products sector stocks that look poised to have a strong fiscal 2025.Now appears to be an ideal time to buy these top-rated industrial products stocks based on the trend of positive earnings estimate revisions.DXPE has been one of the top performing stocks this year, soaring over +130% in 2024. More intriguing is that the stellar rally could continue as DXPE checks an overall “A” VGM Zacks Style Scores grade for Value, Growth, and Momentum.Driving investor sentiment and momentum in DXP Enterprises stock has been the strategic acquisitions of Burt Gurney & Associates and Maxvac. These acquisitions are expected to boost the company’s presence as a value-added products and services provider to the water and pump markets.Also landing an overall “A” VGM Zacks Style Scores grade is Insteel Industries IIIN. As one of the largest manufacturers of steel wire products in the United States, Insteel’s expa","market":"us","thumbnail":"https://s.yimg.com/uu/api/res/1.2/UgzEP1EEjaCIFFvV_wLi4Q--~B/aD02MjU7dz05MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/0e4184fbbb4bd6d414018818b3c21310","type":0,"news_type":0,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/UgzEP1EEjaCIFFvV_wLi4Q--~B/aD02MjU7dz05MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/0e4184fbbb4bd6d414018818b3c21310"],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/time-buy-top-rated-industrial-225300616.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["IE00BN0W2T93.GBP","LU2211817866.USD","DXPE","BK4157","ZBRA","BK4585","IE00BN0W2V16.EUR","BK4567","BK4086","BK4104","BK4588","IIIN","LU0390134368.USD","IE00BN0W2W23.USD"],"gpt_icon":0},{"id":"2491669701","title":"Press Release: Insteel Industries Announces First Quarter 2025 Conference Call","url":"https://stock-news.laohu8.com/highlight/detail?id=2491669701","media":"Dow Jones","labels":["conferences"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2491669701?lang=en_us&edition=fundamental","pubTime":"2024-12-16 23:01","pubTimestamp":1734361260,"startTime":"0","endTime":"0","summary":"Insteel is the nation's largest manufacturer of steel wire reinforcing products for concrete construction applications. Insteel manufactures and markets prestressed concrete strand and welded wire reinforcement, including engineered structural mesh, concrete pipe reinforcement and standard welded wire reinforcement. Insteel's products are sold primarily to manufacturers of concrete products and concrete contractors for use primarily in nonresidential construction applications. Headquartered in Mount Airy, North Carolina, Insteel operates eleven manufacturing facilities located in the United States.","market":"sh","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"conferences","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["IIIN","BK4086"],"gpt_icon":0},{"id":"2489261750","title":"BRIEF-Insteel Industries Announces Addition Of Blake Doyle To Its Board Of Directors","url":"https://stock-news.laohu8.com/highlight/detail?id=2489261750","media":"Reuters","labels":["executive"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2489261750?lang=en_us&edition=fundamental","pubTime":"2024-12-07 05:37","pubTimestamp":1733521025,"startTime":"0","endTime":"0","summary":"BRIEF-Insteel Industries Announces Addition Of Blake Doyle To Its Board Of DirectorsDec 6 (Reuters) - Insteel Industries Inc IIIN.N:INSTEEL INDUSTRIES ANNOUNCES ADDITION OF BLAKE DOYLE TO ITS BOARD OF","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241206:nTUA5JY02Z:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"executive","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["IIIN","BK4086"],"gpt_icon":0},{"id":"2489261080","title":"Insteel Industries Strengthens Board with New Appointment","url":"https://stock-news.laohu8.com/highlight/detail?id=2489261080","media":"TIPRANKS","labels":["executive"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2489261080?lang=en_us&edition=fundamental","pubTime":"2024-12-07 05:31","pubTimestamp":1733520662,"startTime":"0","endTime":"0","summary":"Insteel Industries ( ($IIIN) ) has provided an update. Insteel Industries Inc. has appointed Blake Doyle to its board of directors, effective immed...","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/company-announcements/insteel-industries-strengthens-board-with-new-appointment?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/company-announcements/insteel-industries-strengthens-board-with-new-appointment?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"executive","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["BK4086","IIIN"],"gpt_icon":0},{"id":"2489269518","title":"Insteel Industries Announces Addition of Blake Doyle to Its Board of Directors","url":"https://stock-news.laohu8.com/highlight/detail?id=2489269518","media":"THOMSON REUTERS","labels":["executive"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2489269518?lang=en_us&edition=fundamental","pubTime":"2024-12-07 05:05","pubTimestamp":1733519100,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241206:nTUA5JY02Z:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"executive","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["IIIN","BK4086"],"gpt_icon":0},{"id":"2489261842","title":"Insteel Industries Announces Addition of Blake Doyle to Its Board of Directors","url":"https://stock-news.laohu8.com/highlight/detail?id=2489261842","media":"Business Wire","labels":["executive"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2489261842?lang=en_us&edition=fundamental","pubTime":"2024-12-07 05:05","pubTimestamp":1733519100,"startTime":"0","endTime":"0","summary":"MOUNT AIRY, N.C., December 06, 2024----Insteel Industries Inc.  today announced that Blake Doyle has been appointed to its board of directors. Ms. Doyle’s term runs through the 2025 annual meeting of shareholders and she will serve on the Audit Committee.Ms. Doyle is currently a Managing Director at Chevy Chase Trust Company, a Maryland-based investment firm, a position she has held since 2016. In her role as Head of Institutional Sales and Head of Product Development, Blake is responsible for institutional client sales and coverage and firm-wide product development. Prior to joining Chevy Chase Trust, Blake was a Managing Director at Height Securities, LLC, an investment bank and research firm where she was head of Institutional Sales and Capital Markets. Earlier in her career, she worked in institutional equity sales and research at FBR Capital Markets and at the Audax Group.\"We are pleased to welcome Blake to our board of directors,\" said H.O. Woltz III, Insteel’s President and CEO.","market":"us","thumbnail":"https://s.yimg.com/uu/api/res/1.2/jslw.aTqFvDmgj9hD.LQ8w--~B/aD0yNzA7dz0xMjE1O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/business-wire.com/5e9b54bbd127edbf49f2ec974578d41e","type":0,"news_type":0,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/jslw.aTqFvDmgj9hD.LQ8w--~B/aD0yNzA7dz0xMjE1O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/business-wire.com/5e9b54bbd127edbf49f2ec974578d41e"],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/insteel-industries-announces-addition-blake-210500035.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"executive","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["IIIN","BK4086"],"gpt_icon":0},{"id":"2484981635","title":"Insteel Industries to Incur $1.9M Charge for Facility Closure","url":"https://stock-news.laohu8.com/highlight/detail?id=2484981635","media":"Dow Jones","labels":["dataReport"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2484981635?lang=en_us&edition=fundamental","pubTime":"2024-11-19 05:25","pubTimestamp":1731965100,"startTime":"0","endTime":"0","summary":"Insteel Industries will close a facility it acquired last month as part of its acquisition of Engineered Wire Products, citing low capacity utilization levels and dim prospects for improvement.The Mount Airy, N.C.-based company, which manufactures steel wire reinforcing products for concrete construction applications, said Monday it expects to incur a $1.9 million restructuring charge related to the closure.The facility, located in Warren, Ohio, will cease operations by the end of the month, with production moved to the company's remaining welded-wire reinforcement production facilities. Up to 35 jobs will be eliminated, the company said.Insteel acquired the soon-to-close facility last month when its subsidiary, Insteel Wire Products, acquired Engineered Wire Products for $70 million with cash on hand. The purchase, the company said at the time, would expand its geographic footprint and make it more competitive in the Midwest.\"We believe this action is essential to reducing our operati","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"dataReport","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["IIIN","BK4086"],"gpt_icon":0},{"id":"2484836981","title":"Insteel closes Warren, Ohio facility","url":"https://stock-news.laohu8.com/highlight/detail?id=2484836981","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2484836981?lang=en_us&edition=fundamental","pubTime":"2024-11-19 05:11","pubTimestamp":1731964288,"startTime":"0","endTime":"0","summary":"Insteel (IIIN) Industries announced that it will be closing its facility in Warren, Ohio, and moving the manufacturing to the Company’s remaining w...","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/the-fly/insteel-closes-warren-ohio-facility?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/the-fly/insteel-closes-warren-ohio-facility?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["BK4086","IIIN"],"gpt_icon":0},{"id":"2484989940","title":"Insteel Industries Announces Closure of Warren, Ohio Facility","url":"https://stock-news.laohu8.com/highlight/detail?id=2484989940","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2484989940?lang=en_us&edition=fundamental","pubTime":"2024-11-19 05:09","pubTimestamp":1731964170,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241118:nFWN3MP19Z:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["IIIN","BK4086"],"gpt_icon":0},{"id":"2484891639","title":"Insteel Industries: Expects to Incur a Restructuring Charge of About $1.9 Mln Related to Facility's Closure","url":"https://stock-news.laohu8.com/highlight/detail?id=2484891639","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2484891639?lang=en_us&edition=fundamental","pubTime":"2024-11-19 05:09","pubTimestamp":1731964170,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241118:nFWN3MP19Z:2","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["IIIN","BK4086"],"gpt_icon":0},{"id":"2484815449","title":"Insteel Industries Announces Closure of Warren, Ohio Facility","url":"https://stock-news.laohu8.com/highlight/detail?id=2484815449","media":"Business Wire","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2484815449?lang=en_us&edition=fundamental","pubTime":"2024-11-19 05:05","pubTimestamp":1731963900,"startTime":"0","endTime":"0","summary":"MOUNT AIRY, N.C., November 18, 2024----Insteel Industries Inc.   announced today that it will be closing its facility in Warren, Ohio, and moving the manufacturing to the Company’s remaining welded wire reinforcement production facilities. The Warren facility was acquired as part of Insteel’s recent purchase of Engineered Wire Products, Inc.The consolidation of the Company’s welded wire manufacturing operations is expected to result in the elimination of up to 35 positions at the Warren facility. It is anticipated that operations at the Warren facility will cease by the end of November 2024. Insteel expects to incur a restructuring charge of approximately $1.9 million related to the facility's closure.\"Given the low capacity utilization levels at our Warren facility and the dim prospects for improvement, we believe this action is essential to reducing our operating costs and strengthening our competitive position,\" stated H.O. Woltz III, President and CEO of Insteel. \"Closing a 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