INSTEEL INDUSTRIES INC Segments Disclosure

(15) Business Segment Information

 

Our operations are entirely focused on the manufacture and marketing of steel wire reinforcing products for concrete construction applications. Our concrete reinforcing products consist of two product lines: PC strand and WWR. Based on the criteria specified in ASC Topic 280, “Segment Reporting”, we have one reportable segment.

 

The Company's chief operating decision maker (“CODM”) is the Chief Executive Officer. The CODM assesses performance and allocates resources based on consolidated net earnings. This measure of profitability is utilized to assess growth opportunities, including those through organic growth initiatives, capital expenditures and acquisitions; manage and control expenses and efficiency within our operations; and evaluate shareholder return strategies, including dividend payments and repurchases of common stock.

 

Significant expenses include cost of sales and SG&A expense which are each presented on the Company’s consolidated statement of operations. The measure of segment assets is reported on the consolidated balance sheet as total assets, which are located in the U.S.

 

Our net sales by geographic region are as follows:

 

		Year Ended
		September 27,				September 28,				September 30,
(In thousands)		2025				2024				2023
Net sales:
United States		$	644,022			$	526,696			$	643,156
Foreign			3,684				2,502				6,032
Total		$	647,706			$	529,198			$	649,188

 

Our sales by product line are as follows:

 

		Year Ended
		September 27,				September 28,				September 30,
(In thousands)		2025				2024				2023
Net sales:
Welded wire reinforcement		$	424,526			$	305,769			$	375,771
Prestressed concrete strand			223,180				223,429				273,417
Total		$	647,706			$	529,198			$	649,188

 

There were no customers that accounted for 10% or more of our net sales in 2025, 2024 or 2023.