Insteel Industries (IIIN) Company Overview

Insteel Industries (IIIN) possesses solid growth attributes, which could help it handily outperform the market.

Insteel saw ongoing pressures in FQ1'25, with weak sequential volume and limited price improvement as well as ongoing pressure on gross margin. Despite current margin pressures from import competition and weak volumes (operating deleverage), Insteel's strong management and vital products position it well for that future recovery. Insteel Industries faces cyclical challenges but offers significant upside potential with improving infrastructure and construction demand expected to drive growth by late 2025.

Insteel Industries, Inc.'s Q1 2025 results exceeded revenue expectations and matched EPS estimates, leading to a 3% stock rise, but challenges remain. Despite past gains, recent performance has been weaker, with shares down 13.9% since my downgrade to 'hold' in May 2024. Revenue growth was driven by acquisitions and increased shipments, but competitive pricing pressures and lower raw material costs continue to impact margins.

Insteel Industries (IIIN) came out with quarterly earnings of $0.10 per share, beating the Zacks Consensus Estimate of a loss of $0.03 per share. This compares to earnings of $0.06 per share a year ago.

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 reported financial results for its first quarter of fiscal 2025, ended December 28, 2024. First Quarter 2025 Highlights Executed and integrated two acquisitions, strengthening our competitive position Payment of special cash dividend totaling $19.4 million, or $1.00 per.

LTM, VNCE, IIIN, REVG and MKTAY have been added to the Zacks Rank #1 (Strong Buy) List on December 20, 2024.

MOUNT AIRY, N.C.--(BUSINESS WIRE)--Insteel Industries Inc. (NYSE: IIIN) today announced that Blake Doyle has been appointed to its board of directors. Ms. Doyle's term runs through the 2025 annual meeting of shareholders and she will serve on the Audit Committee. Ms. Doyle is currently a Managing Director at Chevy Chase Trust Company, a Maryland-based investment firm, a position she has held since 2016. In her role as Head of Institutional Sales and Head of Product Development, Blake is respons.

MOUNT AIRY, N.C.--(BUSINESS WIRE)--Insteel Industries Inc. (NYSE: IIIN) (“Insteel” or the “Company”) announced today that it will be closing its facility in Warren, Ohio, and moving the manufacturing to the Company's remaining welded wire reinforcement production facilities. The Warren facility was acquired as part of Insteel's recent purchase of Engineered Wire Products, Inc. The consolidation of the Company's welded wire manufacturing operations is expected to result in the elimination of up.

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.