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Insteel Industries Inc (IIIN) Files 10-K for the Fiscal Year Ended on September 30, 2018

- By insider

Insteel Industries Inc ( IIIN ) files its latest 10-K with SEC for the fiscal year ended on September 30, 2018. Insteel Industries Inc manufactures steel wire reinforcing products for concrete construction applications. It manufactures & markets PC strand & welded wire reinforcement, including ESM, concrete pipe reinforcement & standard welded wire reinforcement. Insteel Industries Inc has a market cap of $500.230 million; its shares were traded at around $26.21 with a P/E ratio of 16.52 and P/S ratio of 1.12. The dividend yield of Insteel Industries Inc stocks is 0.45%. Insteel Industries Inc had annual average EBITDA growth of 13.10% over the past five years.

For the last quarter Insteel Industries Inc reported a revenue of $121.4 million, compared with the revenue of $96.89 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $453.2 million, an increase of 16.5% from last year. For the last five years Insteel Industries Inc had an average revenue growth rate of 2.5% a year. The Insteel Industries Inc had an operating margin of 9.38%, compared with the operating margin of 8.81% a year before. The 10-year historical median operating margin of Insteel Industries Inc is 5.66%. The profitability rank of the company is 8 (out of 10).

At the end of the fiscal year, Insteel Industries Inc has the cash and cash equivalents of $43.9 million, compared with $32.1 million in the previous year. The company had no long term debt. The interest coverage to the debt is at a comfortable level of 372.8. Insteel Industries Inc has a financial strength rank of 9 (out of 10).

At the current stock price of $26.21, Insteel Industries Inc is traded at 23.4% premium to its historical median P/S valuation band of $21.24 . The P/S ratio of the stock is 1.12, while the historical median P/S ratio is 0.90. The stock gained 0.36% during the past 12 months.

For the complete 20-year historical financial data of IIIN, click here.

This article first appeared on GuruFocus.