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

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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. (NYSE:IIIN ) Q4 2022 Earnings Conference Call October 20, 2022 10:00 AM ET Company Participants H.O. Woltz - Chairman, President, and Chief Executive Officer Mark Carano - Senior Vice President, Chief Financial Officer, and Treasurer Conference Call Participants Julio Romero - Sidoti & Co. Tyson Bauer - KC Capital Operator Good morning and a warm welcome to the Insteel Industries' Fourth Quarter 2022 Earnings Conference Call.

Insteel Industries, Inc. (IIIN) Q4 2022 Earnings Call Transcript

Insteel Industries Reports Fourth Quarter and Fiscal 2022 Results

MOUNT AIRY, N.C.--(BUSINESS WIRE)--Insteel Industries Announces Fourth Quarter 2022 Conference Call

Insteel Industries Announces Fourth Quarter 2022 Conference Call

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Insteel Industries has been slammed in recent months, driven lower by concerns over market conditions. Overall, however, the firm's financial condition has remained strong and the cash flow generated by the firm is significant.

Insteel Industries: Cheap Enough To Be Worth The Risk

Insteel Industries, Inc. (NYSE:IIIN ) Q3 2022 Earnings Conference Call July 21, 2022 10:00 AM ET Company Participants H.O. Woltz - Chairman, President and Chief Executive Officer Mark Carano - Senior Vice President, Chief Financial Officer and Treasurer Conference Call Participants Julio Romero - Sidoti & Company Tyson Bauer - KC Capital Operator Hello, and welcome to the Insteel Industries Third Quarter 2022 Earnings Call.

Insteel Industries, Inc. (IIIN) CEO H.O. Woltz on Q3 2022 Results - Earnings Call Transcript

MOUNT AIRY, N.C.--(BUSINESS WIRE)--Insteel Industries Inc. (NYSE: IIIN) today announced financial results for its third quarter ended July 2, 2022. Third Quarter 2022 Results For the third quarter of fiscal 2022, Insteel reported net earnings of $38.6 million, or $1.96 per diluted share, up from $18.4 million, or $0.94 per diluted share, for the same period a year ago. The Company's results were favorably impacted by strong demand for its reinforcing products and incremental price increases to

Insteel Industries Reports Third Quarter 2022 Results

MOUNT AIRY, N.C.--(BUSINESS WIRE)--Insteel Industries Inc. (NYSE: IIIN) today announced that its third quarter 2022 earnings conference call will be webcast live over the internet on Thursday, July 21, 2022, 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 2022 Conference Call

Insteel industries, Inc. (NYSE:IIIN ) Q2 2022 Earnings Conference Call April 21, 2022 10:00 AM ET Company Participants H.O. Woltz III – Chairman, President and Chief Executive Officer Mark Carano – Senior Vice President, Chief Financial Officer and Treasurer Conference Call Participants Tyson Bauer – KC Capital Julio Romero – Sidoti Operator Hello, and welcome to today's In-steel Industries.

Insteel Industries, Inc. (IIIN) CEO H.O. Woltz on Q2 2022 Results - Earnings Call Transcript

MOUNT AIRY, N.C.--(BUSINESS WIRE)--Insteel Industries Inc. (NYSE: IIIN) today announced financial results for its second quarter ended April 2, 2022. Second Quarter 2022 Results For the second quarter of fiscal 2022, Insteel reported record quarterly net earnings of $39.0 million, or $1.99 per diluted share, up from $14.9 million, or $0.76 per diluted share, for the same period a year ago. The Company benefitted from strong demand for its reinforcing products and incremental price increases to

Insteel Industries Reports Second Quarter 2022 Results

MOUNT AIRY, N.C.--(BUSINESS WIRE)--Insteel Industries Inc. (NYSE: IIIN) today announced that its second quarter 2022 earnings conference call will be webcast live over the internet on Thursday, April 21, 2022, 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 2022 Conference Call

Insteel Industries, Inc. (IIIN) CEO H.O. Woltz on Q4 2021 Results - Earnings Call Transcript

MOUNT AIRY, N.C.--(BUSINESS WIRE)--Insteel Industries Inc. (NYSE: IIIN) today announced financial results for its first quarter ended January 1, 2022. First Quarter 2022 Results For the first quarter of fiscal 2022, Insteel recorded record quarterly revenue of $178.5 million and record first quarter net earnings of $23.1 million, or $1.18 per diluted share, compared to $8.1 million, or $0.42 per diluted share, in the same period a year ago. Net sales increased 49.2% and earnings per share incre

Insteel Industries Reports First Quarter 2022 Results

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MOUNT AIRY, N.C.--(BUSINESS WIRE)--Insteel Industries Inc. (NYSE: IIIN) today announced that its first quarter 2022 earnings conference call will be webcast live over the internet on Thursday, January 20, 2022, 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 2022 Conference Call

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Insteel Industries, Inc. (IIIN) CEO Howard Woltz on Q4 2021 Results - Earnings Call Transcript

MOUNT AIRY, N.C.--(BUSINESS WIRE)--Insteel Industries Inc. (NYSE: IIIN) today announced record financial results for its fourth quarter and fiscal year ended October 2, 2021. Fourth Quarter 2021 Results Net earnings for the fourth quarter of fiscal 2021, which represented the highest level on record for the Company, were $25.2 million, or $1.28 per diluted share, compared to $7.4 million, or $0.38 per share, in the same period a year ago. Insteel's fourth quarter results benefitted from widenin

Insteel Industries Reports Fourth Quarter and Fiscal 2021 Results

MOUNT AIRY, N.C.--(BUSINESS WIRE)--Insteel Industries Announces Fourth Quarter 2021 Conference Call

Insteel Industries Announces Fourth Quarter 2021 Conference Call

Insteel Industries, Inc. (IIIN) CEO Howard Woltz on Q3 2021 Results - Earnings Call Transcript

MOUNT AIRY, N.C.--(BUSINESS WIRE)--Insteel Industries Inc. (NYSE: IIIN) today announced financial results for its third quarter ended July 3, 2021. Third Quarter 2021 Results Net earnings increased to $18.4 million, or $0.94 per diluted share, from $6.7 million, or $0.34 per diluted share, in the same period a year ago. Insteel's third quarter results benefitted from higher spreads between selling prices and raw material costs driven by strong demand for the Company's reinforcing products and p

Insteel Industries Reports Third Quarter 2021 Results

MOUNT AIRY, N.C.--(BUSINESS WIRE)--INSTEEL INDUSTRIES ANNOUNCES THIRD QUARTER 2021 CONFERENCE CALL

Insteel Industries Announces Third Quarter 2021 Conference Call

Insteel Industries, Inc. (NYSE:IIIN) is an American manufacturer of steel wire reinforcing products for concrete construction applications.

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Insteel Industries, Inc. (IIIN) CEO H. Woltz on Q2 2021 Results - Earnings Call Transcript

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