Profile
Sector:
IndustrialsIndustry:
Metal FabricationCountry:
United StatesIPO:
17 March 1992Website:
http://www.insteel.comNext earnings report:
17 January 2025Last dividends:
13 September 2024Next dividends:
29 November 2024Price
pre-market | 33 min agoAnalysts recommendations
Institutional Ownership
Included in screeners
IIIN Latest News
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.
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.
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 (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.
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.
At Zacks, we prioritize the reliable Zacks Rank system, which highlights earnings estimates and revisions to identify top-performing stocks. However, we also stay updated on current value, growth, and momentum trends to highlight strong investment choices.
Insteel Industries (IIIN) could see an increase in its stock price due to increasing confidence in its earnings potential, as indicated by its upgrade to a Zacks Rank #2 (Buy).
Insteel Industries (IIIN) reported quarterly earnings of $0.35 per share, exceeding the Zacks Consensus Estimate of $0.22 per share. This is an increase from earnings of $0.26 per share in the same quarter last year.
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.
What type of business is Insteel Industries?
Insteel Industries, Inc., together with its subsidiaries, manufactures and markets steel wire reinforcing products for concrete construction applications. The company offers prestressed concrete strand (PC strand) and welded wire reinforcement (WWR) products. Its PC strand is a seven-wire strand that is used to impart compression forces into precast concrete elements and structures providing reinforcement for bridges, parking decks, buildings, and other concrete structures. The company's WWR engineered reinforcing product is used in nonresidential and residential construction. It produces a range of WWR products, such as engineered structural mesh, an engineered made-to-order product that is used as the primary reinforcement for concrete elements or structures serving as a reinforcing solution for hot-rolled rebar; concrete pipe reinforcement, an engineered made-to-order product, which is used as the primary reinforcement in concrete pipe, box culverts, and precast manholes for drainage and sewage systems, water treatment facilities, and other related applications; and standard welded wire reinforcement, a secondary reinforcing product for crack control applications in residential and light nonresidential construction, including driveways, sidewalks, and various slab-on-grade applications. It sells its products through sales representatives to the manufacturers of concrete products, rebar fabricators, distributors, and contractors. The company was founded in 1953 and is headquartered in Mount Airy, North Carolina.
What sector is Insteel Industries in?
Insteel Industries is in the Industrials sector
What industry is Insteel Industries in?
Insteel Industries is in the Metal Fabrication industry
What country is Insteel Industries from?
Insteel Industries is headquartered in United States
When did Insteel Industries go public?
Insteel Industries initial public offering (IPO) was on 17 March 1992
What is Insteel Industries website?
https://www.insteel.com
Is Insteel Industries in the S&P 500?
No, Insteel Industries is not included in the S&P 500 index
Is Insteel Industries in the NASDAQ 100?
No, Insteel Industries is not included in the NASDAQ 100 index
Is Insteel Industries in the Dow Jones?
No, Insteel Industries is not included in the Dow Jones index
When was Insteel Industries the previous earnings report?
No data
When does Insteel Industries earnings report?
The next expected earnings date for Insteel Industries is 17 January 2025