Insteel Industries

Insteel Industries, Inc. engages in manufacturing and marketing steel wire reinforcing products for concrete construction applications. Its offers PC strand, welded wire reinforcement. and engineering services. The company was founded by Howard Osler Woltz, Jr. in 1953 and is headquartered in Mount Airy, NC.

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Earnings data Q1 2025

Insteel Industries reports Q1 earnings decline, eyes growth opportunities

Insteel Industries faced challenges in the residential market but maintained strong cash flow and returned value to shareholders. The company anticipates cost reductions and benefits from the Infrastructure Investment and Jobs Act in 2023. Opportunities lie in the positive market outlook for nonresidential construction, offering growth potential.

Insteel Industries reports Q2 challenges but eyes growth opportunities

Insteel Industries faced challenges in Q2 2023 with lower earnings and sales, driven by inventory accumulations and price resets.
Despite these challenges, the company maintains a strong cash position and foresees growth opportunities in construction sectors.
Optimism surrounds Insteel's future as it anticipates benefiting from market conditions and infrastructure investments for growth.

Insteel Industries faces Q3 challenges but sees growth opportunities ahead

Insteel Industries navigated challenges in Q3 2023 with a drop in steel prices affecting sales and earnings. Despite this, the company maintained financial strength, increased cash flow, and remains optimistic about market improvements and capital projects. Opportunities lie in the positive market outlook and upcoming capital projects for long-term growth.

Insteel Industries faces earnings decline but maintains financial stability

Insteel Industries navigated a challenging Q4 2023 marked by declining earnings and sales, driven by inventory issues, steel price drops, and competitive pricing pressures.
Despite these challenges, the company maintained financial stability with strong cash flow, no debt, and a commitment to returning value to shareholders through dividends and buybacks.
Looking ahead, Insteel faces margin pressures but can capitalize on construction sector strength, focus on operational efficiency, and strategic investments to drive growth and navigate market challenges effectively.

Insteel Industries faces Q1 challenges, maintains strong cash position

Insteel Industries reported a challenging Q1 2024 with significant declines in net earnings, sales, and gross profit compared to the prior year period.
Despite the challenges, the company maintained a strong cash position, returned value to shareholders, and focused on strategic investments in capital expenditures.
To address the current business environment, Insteel Industries needs to optimize operational efficiency, enhance pricing strategies, and explore growth opportunities to improve financial performance.

Insteel Industries reports strong Q2 earnings amidst market challenges

Insteel Industries delivered a solid financial performance in Q2 2024, driven by improved earnings, gross profit, and margins.
While facing challenges from imports and pricing pressures, the company remains optimistic about future demand and growth prospects.
Strategic focus on operational efficiency, market dynamics, and growth opportunities positions Insteel well for sustainable success in the industry.

Insteel Industries navigates challenges in Q3, eyes growth opportunities

Insteel Industries faced challenges in Q3 2024 with declining net earnings and sales, but maintained a strong financial position with no debt and positive cash flow from operations.
Despite market challenges, the company remains optimistic about future growth opportunities driven by improving market conditions and the potential impact of the Infrastructure Investment and Jobs Act.
To address challenges such as labor market conditions and cost pressures, Insteel Industries is focused on efficiency improvements and strategic initiatives to enhance profitability and competitiveness.

Insteel Industries reports Q4 earnings decline amidst market challenges

Insteel Industries faced a decline in earnings and sales in Q4 2024, attributed to market challenges and pricing pressures.
Despite the decline, the company maintained a healthy gross margin, strong cash position, and efficient cost management.
Challenges persist with competitive pricing pressures, but opportunities exist for strategic initiatives and leveraging financial strength for growth.

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Insteel Industries, Inc. engages in the manufacture of steel wire reinforcing products for concrete construction applications. It offers engineering services, welded wire, personal computer strand, drawn wire, and formed wire. It operates through the United States and Foreign geographical segments. The company was founded by Howard Osler Woltz, Jr. in 1953 and is headquartered in Mount Airy, NC.

MOUNT AIRY, N.C.--(BUSINESS WIRE)--Insteel Industries Inc. (NYSE: IIIN) today announced that its wholly-owned subsidiary, Insteel Wire Products Company (together referred to as “Insteel” or the “Company” in this press release), has acquired Engineered Wire Products, Inc. (“EWP”) for $70.0 million in an asset transaction, subject to certain adjustments. The transaction was funded from cash on hand. EWP is a leading manufacturer of welded wire reinforcement products for use in nonresidential and.

Insteel Industries Acquires Assets of Engineered Wire Products

Insteel Industries, Inc. (NYSE:IIIN ) Q4 2024 Earnings Conference Call October 17, 2024 10:00 AM ET Company Participants H.O. Woltz III - President and Chief Executive Officer Scot Jafroodi - Vice President, Chief Financial Officer and Treasurer Conference Call Participants Julio Romero - Sidoti & Company Tyson Bauer - Kansas City Capital Associates Operator Good morning, all, and thank you for joining us for the Insteel Industries Fourth Quarter 2024 Earnings Call.

Insteel Industries, Inc. (IIIN) Q4 2024 Earnings Call Transcript

Insteel Industries (IIIN) came out with quarterly earnings of $0.24 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.29 per share a year ago.

Insteel Industries (IIIN) Q4 Earnings Meet Estimates

MOUNT AIRY, N.C.--(BUSINESS WIRE)--Insteel Industries Inc. (NYSE: IIIN) (“Insteel” or the “Company”), the nation's largest manufacturer of steel wire reinforcing products for concrete construction applications, today announced financial results for its fourth quarter and fiscal year ended September 28, 2024. Fourth Quarter 2024 Highlights Net sales of $134.3 million Gross profit of $12.3 million, or 9.1% of net sales Net income of $4.7 million, or $0.24 per share Operating cash flow of $16.2 mi.

Insteel Industries Reports Fourth Quarter and Fiscal 2024 Results

MOUNT AIRY, N.C.--(BUSINESS WIRE)--Insteel Industries Inc. (NYSE: IIIN) today announced that its fourth quarter 2024 earnings conference call will be webcast live over the internet on Thursday, October 17, 2024 at 10:00 a.m. ET following the release of the Company's fourth quarter financial results at 6:30 a.m. ET on that same day. The conference call can be accessed on the Company's website at https://investor.insteel.com and will be archived for replay. About Insteel Insteel is the nation's l.

Insteel Industries Announces Fourth Quarter 2024 Conference Call

MOUNT AIRY, N.C.--(BUSINESS WIRE)--Insteel Industries Inc. (NYSE: IIIN) today announced that its board of directors declared a regular quarterly cash dividend of $0.03 per share of common stock payable on September 27, 2024, to shareholders of record as of September 13, 2024. About Insteel 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 reinforceme.

Insteel Industries Declares Quarterly Cash Dividend

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Insteel Industries, Inc. (NYSE:IIIN ) Q3 2024 Earnings Call Transcript July 18, 2024 10:00 AM ET Company Participants H. Woltz - CEO Scot Jafroodi - VP, CFO and Treasurer Conference Call Participants Julio Romero - Sidoti Kevin Gainey - Thompson Davis Tyson Bauer - KC Capital Operator Good morning, all.

Insteel Industries, Inc. (IIIN) Q3 2024 Earnings Call Transcript

Insteel Industries (IIIN) came out with quarterly earnings of $0.34 per share, missing the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.54 per share a year ago.

Insteel Industries (IIIN) Lags Q3 Earnings and Revenue Estimates

MOUNT AIRY, N.C.--(BUSINESS WIRE)--Insteel Industries Inc. (NYSE: IIIN) (“Insteel” or the “Company”), the nation's largest manufacturer of steel wire reinforcing products for concrete construction applications, today announced financial results for its third quarter of fiscal 2024 ended June 29, 2024. Third Quarter 2024 Highlights Net earnings of $6.6 million, or $0.34 per share Net sales of $145.8 million Gross profit of $15.4 million, or 10.6% of net sales Operating cash flow of $18.7 million.

Insteel Industries Reports Third Quarter 2024 Results

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IIIN, AESI and BF.B have been added to the Zacks Rank #5 (Strong Sell) List on July 17, 2024.

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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Insteel Industries (IIIN) Right Now?

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NEW YORK--(BUSINESS WIRE)--Today, the BTG Pactual Timberland Investment Group (TIG) announced the execution of a carbon offset credit transaction with Microsoft. Under the terms of the agreement, TIG will provide Microsoft with up to 8 million nature-based carbon removal credits through 2043. The transaction is the largest known carbon dioxide removal credit transaction to date, according to MSCI Carbon Markets data. The credits will be delivered from TIG's $1 billion reforestation and restorat.

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MOUNT AIRY, N.C.--(BUSINESS WIRE)--Insteel Industries Inc. (NYSE: IIIN) today announced that its third quarter 2024 earnings conference call will be webcast live over the internet on Thursday, July 18, 2024, at 10:00 a.m. ET following the release of the Company's third quarter financial results at 6:30 a.m. ET on that same day. The conference call can be accessed on the Company's website at https://investor.insteel.com and will be archived for replay. About Insteel Insteel is the nation's large.

Insteel Industries Announces Third Quarter 2024 Conference Call

Is Insteel Industries (IIIN) Stock Undervalued Right Now?

Should Value Investors Buy Insteel Industries (IIIN) Stock?

Insteel Industries (IIIN) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

All You Need to Know About Insteel Industries (IIIN) Rating Upgrade to Buy

Insteel Industries, Inc. (NYSE:IIIN ) Q2 2024 Earnings Conference Call April 25, 2024 10:00 AM ET Company Participants H. Woltz - Chairman, President and Chief Executive Officer Scot Jafroodi - Vice President, Chief Financial Officer and Treasurer Conference Call Participants Julio Romero - Sidoti & Company Tyson Bauer - KC Capital Operator Good morning.

Insteel Industries, Inc. (IIIN) Q2 2024 Earnings Call Transcript

Insteel Industries (IIIN) came out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.26 per share a year ago.

Insteel Industries (IIIN) Q2 Earnings Surpass Estimates

MOUNT AIRY, N.C.--(BUSINESS WIRE)--Insteel Industries Inc. (NYSE: IIIN) (“Insteel” or the “Company”), the largest manufacturer of steel wire reinforcing products for concrete construction applications in the United States, today announced financial results for its second quarter of fiscal 2024 ended March 30, 2024. Second Quarter 2024 Highlights Net earnings of $6.9 million, or $0.35 per diluted share Net sales of $127.4 million Gross profit of $15.7 million, or 12.3% of net sales Operating cas.

Insteel Industries Reports Second Quarter 2024 Results

MOUNT AIRY, N.C.--(BUSINESS WIRE)--Insteel Industries Inc. (NYSE: IIIN) today announced that its second quarter 2024 earnings conference call will be webcast live over the internet on Thursday, April 25, 2024, at 10:00 a.m. ET following the release of the Company's second quarter financial results at 6:30 a.m. ET on that same day. The conference call can be accessed on the Company's website at https://investor.insteel.com and will be archived for replay. About Insteel Insteel is the nation's la.

Insteel Industries Announces Second Quarter 2024 Conference Call

Insteel Industries (IIIN) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Insteel Industries (IIIN) Moves 5.7% Higher: Will This Strength Last?

Is Insteel Industries (IIIN) a Great Value Stock Right Now?

Insteel Industries (IIIN) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Down -14.55% in 4 Weeks, Here's Why You Should You Buy the Dip in Insteel Industries (IIIN)

Insteel Industries, Inc. (IIIN) Q1 2024 Earnings Call Transcript

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