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.

Earnings data Q2 2021

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Earnings data Q4 2024

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.

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

Insteel Industries (IIIN) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.44 per share a year ago.

Insteel Industries (IIIN) Q1 Earnings Beat 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 first quarter of fiscal 2024 ended December 30, 2023. First Quarter 2024 Highlights Net sales of $121.7 million Gross profit of $6.3 million, or 5.2% of net sales Net income of $1.1 million, or $0.06 per share Operating cash flow of $.

Insteel Industries Reports First Quarter 2024 Results

MOUNT AIRY, N.C.--(BUSINESS WIRE)--Insteel Industries Inc. (NYSE: IIIN) today announced that its first quarter 2024 earnings conference call will be webcast live over the internet on Thursday, January 18, 2024, at 10:00 a.m. ET following the release of the Company's first 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 First Quarter 2024 Conference Call

Insteel Industries Inc. is close to the bottom of the cycle and there is potential for sequential improvement as FY24 progresses. Inventory destocking among distributors is almost over, which will be one less headwind for the company. The federal government's stimulus and infrastructure projects are expected to fuel growth in the construction industry, benefiting Insteel Industries.

Insteel Industries: Mixed End Markets But Some Green Shoots

Insteel Industries, Inc. (IIIN) Q4 2023 Earnings Call Transcript

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 fourth quarter and fiscal year ended September 30, 2023. Fourth Quarter 2023 Highlights Net sales of $157.5 million Gross profit of $14.0 million, or 8.9% of net sales Net income of $5.6 million, or $0.29 per share Operating cash flow.

Insteel Industries Reports Fourth Quarter and Fiscal 2023 Results

MOUNT AIRY, N.C.--(BUSINESS WIRE)--Insteel Industries Inc. (NYSE: IIIN) today announced that its fourth quarter 2023 earnings conference call will be webcast live over the internet on Thursday, October 19, 2023 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 2023 Conference Call

Insteel Industries, Inc. (NYSE:IIIN ) Q3 2023 Earnings Conference Call July 20, 2023 10:00 AM ET Company Participants H. Woltz - President & Chief Executive Officer Scot Jafroodi - Vice President, Chief Financial Officer & Treasurer Conference Call Participants Tyson Bauer - KC Capital Julio Romero - Sidoti & Co. Operator Good morning, and welcome to the Insteel Industries' Third Quarter 2023 Earnings Call.

Insteel Industries, Inc. (IIIN) Q3 2023 Earnings Call Transcript

MOUNT AIRY, N.C.--(BUSINESS WIRE)--Insteel Industries Inc. (NYSE: IIIN) today announced financial results for its third quarter ended July 1, 2023. Third Quarter 2023 Results Net earnings for the third quarter of fiscal 2023 decreased to $10.6 million, or $0.54 per share, from $38.6 million, or $1.96 per diluted share, for the same period a year ago. The record third quarter financial performance of the prior year was driven by supply shortfalls and inflated average selling prices, a condition.

Insteel Industries Reports Third Quarter 2023 Results

MOUNT AIRY, N.C.--(BUSINESS WIRE)--Insteel Industries Inc. (NYSE: IIIN) today announced that its third quarter 2023 earnings conference call will be webcast live over the internet on Thursday, July 20, 2023, 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 2023 Conference Call

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Insteel Industries, Inc. (IIIN) Q2 2023 Earnings Call Transcript.

Insteel Industries, Inc. (IIIN) Q2 2023 Earnings Call Transcript

MOUNT AIRY, N.C.--(BUSINESS WIRE)--Insteel Industries Inc. (NYSE: IIIN) today announced financial results for its second quarter ended April 1, 2023. Second Quarter 2023 Results Net earnings for the second quarter of fiscal 2023 decreased to $5.1 million, or $0.26 per share, from $39.0 million, or $1.99 per diluted share, in the same period a year ago.

Insteel Industries Reports Second Quarter 2023 Results

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Demand is slowing down due to high customer inventories and rising interest rates after strong fiscal 2021 and 2022. Profit margins have been heavily impacted by declining steel prices and lower demand.

Insteel Industries Is Offering A Good Entry Point

MOUNT AIRY, N.C.--(BUSINESS WIRE)--Insteel Industries Inc. (NYSE: IIIN) today announced that its second quarter 2023 earnings conference call will be webcast live over the internet on Thursday, April 20, 2023, 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.

Insteel Industries Announces Second Quarter 2023 Conference Call

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Insteel Industries, Inc. (NYSE:IIIN ) Q1 2023 Earnings Conference Call January 19, 2022 10:00 AM ET Company Participants H.O. Woltz - President & Chief Executive Officer Scot Jafroodi - Vice President, Chief Financial Officer & Treasurer Conference Call Participants Tyson Bauer - Kansas City Capital Julio Romero - Sidoti Operator Good morning.

Insteel Industries, Inc. (IIIN) Q1 2023 Earnings Call Transcript

Insteel is suffering the negative effects of FIFO accounting right now -- but at least its stock looks cheap.

Why Insteel Stock Crashed 13% Thursday Morning

MOUNT AIRY, N.C.--( BUSINESS WIRE )--Insteel Industries Inc. (NYSE: IIIN) today announced financial results for its first quarter ended December 31, 2022.

Insteel Industries Reports First Quarter 2023 Results

MOUNT AIRY, N.C.--( BUSINESS WIRE )--Insteel Industries Inc. (NYSE: IIIN) today announced that its first quarter 2023 earnings conference call will be webcast live over the internet on Thursday, January 19, 2023, at 10:00 a.m. ET following the release of the Company's first 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.

Insteel Industries Announces First Quarter 2023 Conference Call

MOUNT AIRY, N.C.--( BUSINESS WIRE )--Insteel Industries Inc. (NYSE: IIIN) today announced that Mark A. Carano has resigned as Insteel's Senior Vice President, Chief Financial Officer and Treasurer effective December 30, 2022 to pursue employment with another company.

Insteel Industries Announces Organizational Change

The past couple of months has been very unpleasant for investors in Insteel Industries. Shares have fallen materially more than the market has, even as revenue continues its ascent.

News for Insteel Industries Stock (IIIN)