Insteel Industries, Inc. (IIIN) Financial Statements (2023 and earlier)

Company Profile

Business Address 1373 BOGGS DR
MOUNT AIRY, NC 27030
State of Incorp. NC
Fiscal Year End September 30
Industry (SIC) 331 - Steel Works, Blast Furnaces, And Rolling And Finishing Mills (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

6/30/2023
MRQ
12/31/2022
MRQ
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments42,63848,31689,88468,68838,18143,941
Cash and cash equivalents42,63848,31689,88468,68838,18143,941
Receivables68,78981,64667,91753,81744,18251,484
Inventory, net of allowances, customer advances and progress billings171,185197,65479,04968,96370,85194,157
Inventory171,185197,65479,04968,96370,85194,157
Other current assets5,5997,71610,0565,5707,3705,895
Total current assets:288,211335,332246,906197,038160,584195,477
Noncurrent Assets
Property, plant and equipment107,178108,156105,624101,392104,960106,148
Intangible assets, net (including goodwill)16,39816,59217,41318,31216,90317,996
Goodwill9,7459,7459,7459,7458,2938,293
Intangible assets, net (excluding goodwill)6,6536,8477,6688,5678,6109,703
Other noncurrent assets11,96911,66520,76721,16010,5629,913
Total noncurrent assets:135,545136,413143,804140,864132,425134,057
TOTAL ASSETS:423,756471,745390,710337,902293,009329,534
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities44,91373,10168,84953,67828,41371,988
Taxes payable2,377    
Employee-related liabilities8,128    
Accounts payable30,80146,79649,44338,96121,59560,059
Accrued liabilities14,11215,80019,40614,7176,81811,929
Other undisclosed current liabilities  (10,505)    
Total current liabilities:44,91362,59668,84953,67828,41371,988
Noncurrent Liabilities
Liabilities, other than long-term debt18,16919,40519,82319,42118,57915,881
Other liabilities18,16919,40519,82319,42118,57915,881
Total noncurrent liabilities:18,16919,40519,82319,42118,57915,881
Total liabilities:63,08282,00188,67273,09946,99287,869
Equity
Equity, attributable to parent360,674389,744302,038264,803246,017241,665
Common stock19,45119,47819,40819,30419,26119,223
Additional paid in capital82,08281,99778,68876,38774,63272,852
Accumulated other comprehensive loss(977)(977)(2,442)(1,956)(2,248)(1,494)
Retained earnings260,118289,246206,384171,068154,372151,084
Total equity:360,674389,744302,038264,803246,017241,665
TOTAL LIABILITIES AND EQUITY:423,756471,745390,710337,902293,009329,534

Income Statement (P&L) ($ in thousands)

6/30/2023
TTM
12/31/2022
TTM
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
Revenues815,272826,832590,601472,618455,713453,217
Cost of revenue
(Cost of Goods and Services Sold)
(642,540)(629,522)(469,053)(416,831)(425,652)(382,410)
Gross profit:172,732197,310121,54855,78730,06170,807
Operating expenses(30,893)(36,048)(35,256)(33,238)(24,504)(28,304)
Operating income:141,839161,26286,29222,5495,55742,503
Nonoperating income (expense)4,001238(93)1,7272,066241
Investment income, nonoperating75232621473293515
Other nonoperating income (expense)3,249(88)(114)1,2541,773(274)
Interest and debt expense(93)(91)(96)(106)(168)(114)
Income from continuing operations before equity method investments, income taxes:145,747161,40986,10324,1707,45542,630
Other undisclosed income from continuing operations before income taxes 365318    
Income from continuing operations before income taxes:146,112161,72786,10324,1707,45542,630
Income tax expense(33,107)(36,716)(19,493)(5,161)(1,857)(6,364)
Income from continuing operations:113,005125,01166,61019,0095,59836,266
Income before gain (loss) on sale of properties:101,882125,01166,61019,0095,59836,266
Net income available to common stockholders, diluted:113,005125,01166,61019,0095,59836,266

Comprehensive Income ($ in thousands)

6/30/2023
TTM
12/31/2022
TTM
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
Net income:113,005125,01166,61019,0095,59836,266
Other comprehensive income (loss)  (463)154(93)239(44)
Other undisclosed comprehensive loss(463)     
Comprehensive income:112,542124,54866,76418,9165,83736,222
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1,9281,928(640)385(993)183
Comprehensive income, net of tax, attributable to parent:114,470126,47666,12419,3014,84436,405

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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