IIIN News and Press, Insteel Industries Inc. From 04/12/23

2023-04-12 08:54:37 ET Summary 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. The company's balance sheet is very robust ...

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 sa...

2023-03-10 04:36:24 ET Summary Apogee Enterprises continues to post attractive sales, profit, and cash flow growth. It's unclear what the picture holds for the business, but the overall picture looks positive for shareholders at the moment. Given how cheap shares are, addition...

Summary The company’s revenue should be impacted due to the weakening residential market, inventory destocking in the non-residential market, and lower average selling prices. The company’s margin should be impacted in FY23 due to the declining ASPs and volume deleveraging...

Summary Insteel Industries, Inc. was crushed in most metrics on plunging shipments and narrowing spreads raw material costs and selling prices. Net earnings and EPS were significantly down, and it appears it'll take some time for Insteel Industries to rebound. The company is countin...

Insteel Industries, Inc. (IIIN) Q1 2023 Earnings Conference Call January 19, 2022 10:00 ET Company Participants H.O. Woltz - President & Chief Executive Officer Scot Jafroodi - Vice President, Chief Financial Officer & Treasurer Conference Call Participants ...

Shares of Insteel Industries ( NYSE: IIIN ) fell nearly 16% on Thursday after its first quarter EPS and revenue missed analyst expectations widely, and the company warned its Q2 will be affected by consumption of higher cost inventories and weather-related slowdown. The compan...

Shares of steel wire producer Insteel Industries (NYSE: IIIN) crashed 13.6% through 11:40 a.m. Thursday morning after missing earnings estimates badly in its fiscal Q1 2023 report this morning. Heading into earnings, analysts had forecast Insteel would earn $0.85 per share on sale...

Insteel Industries Inc. (NYSE: IIIN) today announced financial results for its first quarter ended December 31, 2022. First Quarter 2023 Results Net earnings for the first quarter of fiscal 2023 decreased to $11.1 million, or $0.57 per share, from record earnings of $23.1 million,...

Insteel ( NYSE: IIIN ) is scheduled to announce Q1 earnings results on Thursday, January 19th, before market open. The consensus EPS Estimate is $0.87 (-26.3% Y/Y) and the consensus Revenue Estimate is $177.39M (-0.6% Y/Y). Over the last 3 months, EPS estimates have seen 0 u...