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 2024

Insteel Industries faces challenges but sees potential in infrastructure investments

Insteel Industries' Q1 2023 earnings call revealed a challenging financial performance, with significant decreases in net sales, net earnings, and gross profit. However, the company generated strong cash flow from operations and expressed optimism about the potential impact of the Infrastructure Investment and Jobs Act on its markets.

Insteel Industries faces challenges in Q3 but anticipates Q4 improvement

Insteel Industries' Q3 performance was impacted by industry challenges, but the company maintained financial strength and focused on capital deployment. Despite the difficulties, there are expectations for improving margins in Q4 and potential opportunities in the construction market.

Insteel Industries navigates challenging Q3, eyes growth in fiscal 2024

Insteel Industries faced a tough quarter marked by declining sales and gross profit, but managed to increase shipments and maintain a strong cash position. The company's resilience and optimism for fiscal 2024, supported by the Infrastructure Investment and Jobs Act, position it for potential growth despite ongoing challenges in the market.

Insteel Industries faces declining earnings but anticipates market improvements

Insteel Industries' Q4 2023 earnings call reflected a challenging operating environment marked by declining sales and profitability. However, the company demonstrated financial strength, returned significant capital to shareholders, and announced price increases to mitigate challenges and capitalize on potential opportunities.

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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 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?

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.

Is Insteel Industries (IIIN) Stock Undervalued Right Now?

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

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 March 29, 2024, to shareholders of record as of March 15, 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 reinforcement, incl.

Insteel Industries Declares Quarterly Cash Dividend

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

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

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 and a special cash dividend of $2.50 per share of common stock payable on December 22, 2023, to shareholders of record as of December 8, 2023. “We are pleased to again return capital to our shareholders through a special dividend. While the 2023 amount of $2.50 per share is the highest special dividend the Company has p.

Insteel Industries Declares Regular Quarterly and Special Cash Dividends

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.

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