Insteel industries has a 2, 3 and 5 year CAGR of 8.4%, 5.6% and 14% respectively, on TTM basis.
The growth has been propelled by increase in non-residential construction sector coupled with company's acquisitions of Ivy steel & wire and PC strand business of American Spring Wire Corp.
Furthermore, the margins' uptick of the company has far exceeded the growth in the top-line primarily due to increase in spread (difference between selling and raw material prices) together with lower conversion costs resulting in top-bottom margins' accretion boosting the bottom-line manifold.
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