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NASDAQ:IIIN

Insteel Industries 7/18/2024 Earnings Report

Insteel Industries logo
$34.93 -0.15 (-0.43%)
Closing price 03:59 PM Eastern
Extended Trading
$34.90 -0.03 (-0.10%)
As of 04:05 PM Eastern
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Insteel Industries EPS Results

Actual EPS
$0.34
Consensus EPS
$0.43
Beat/Miss
Missed by -$0.09
One Year Ago EPS
$0.54

Insteel Industries Revenue Results

Actual Revenue
$145.80 million
Expected Revenue
$153.04 million
Beat/Miss
Missed by -$7.24 million
YoY Revenue Growth
-12.00%

Insteel Industries Announcement Details

Quarter
Time
Before Market Opens
Conference Call Date
N/A
Conference Call Time
N/A

Conference Call Resources

Conference Call Audio

Earnings Conference Call
Insteel Industries
00:00 / 00:00

Insteel Industries Earnings Headlines

Q3 EPS Forecast for Insteel Industries Increased by Analyst
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See More Insteel Industries Headlines
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About Insteel Industries

Insteel Industries (NASDAQ:IIIN), 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. Insteel Industries, Inc. was founded in 1953 and is headquartered in Mount Airy, North Carolina.

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