Insteel Earnings Reports

Insteel Industries posted a strong Q2, with a 26% revenue increase and improved margins due to rising shipments and efficiencies. Net income grew over 47% year-over-year despite a slight decline in average selling prices.

Insteel Industries reported a 6.6% increase in net sales to $129.7 million for the first quarter of fiscal 2025, while net earnings remained unchanged at $1.1 million, or $0.06 per share. The results benefited from higher spreads between selling prices and raw material costs and improved demand, offset by increased expenses.

Insteel Industries reported net sales of $134.3 million and net income of $4.7 million, or $0.24 per share, for the fourth quarter of fiscal 2024. The results were negatively impacted by narrower spreads between selling prices and raw material costs, along with lower shipments.

Insteel Industries reported a decrease in net earnings for Q3 2024, with $6.6 million, or $0.34 per share, compared to $10.6 million, or $0.54 per share, for the same period last year. Net sales also decreased by 12.0% to $145.8 million. Despite these decreases, shipments increased by 5.1%.

Insteel Industries reported net earnings of $6.9 million, or $0.35 per diluted share, for the second quarter of fiscal 2024. Net sales decreased by 19.9% to $127.4 million. The company benefited from widening spreads between selling prices and raw material costs.

Insteel Industries reported a decrease in net sales to $121.7 million and net income to $1.1 million, or $0.06 per share, for the first quarter of fiscal 2024. The results were impacted by narrowing spreads between selling prices and raw material costs, as well as elevated unit manufacturing costs due to lower production levels. However, the company maintains a strong cash balance of $85.6 million and is optimistic about improving market fundamentals and increased demand from infrastructure spending.

Insteel Industries reported a decrease in net sales and net income for the fourth quarter of fiscal 2023, despite improved demand. Net sales decreased by 24.3% to $157.5 million, and net income decreased to $5.6 million, or $0.29 per share.

Insteel Industries reported a decrease in net earnings for Q3 2023 to $10.6 million, or $0.54 per share, compared to $38.6 million, or $1.96 per diluted share, for the same period last year. Net sales also decreased by 27.1% to $165.7 million, driven by a 24.7% decrease in average selling prices and a 3.2% decline in shipments.

Insteel Industries reported a decrease in net earnings for Q2 2023 to $5.1 million, or $0.26 per share, compared to $39.0 million, or $1.99 per diluted share, in the same period last year. Net sales also decreased by 25.4% to $159.1 million. The decrease was attributed to customer destocking activities and usual winter weather conditions.

Insteel Industries reported a decrease in net earnings for Q1 2023 to $11.1 million, or $0.57 per share, compared to $23.1 million, or $1.18 per diluted share, in the same period last year. The results were impacted by lower shipments and the narrowing of spreads between selling prices and raw material costs.

Insteel Industries reported a net earnings of $24.3 million for Q4 2022, or $1.24 per diluted share, compared to $25.2 million, or $1.28 per share, in the same period a year ago. Net sales increased 21.4% to $208.0 million from $171.3 million in the prior year quarter.

Insteel Industries reported net earnings of $38.6 million, or $1.96 per diluted share, for the third quarter of fiscal 2022, up from $18.4 million, or $0.94 per diluted share, for the same period a year ago. Net sales increased to $227.2 million from $160.7 million for the prior year quarter.

Insteel Industries reported record quarterly net earnings of $39.0 million, or $1.99 per diluted share. Net sales increased to $213.2 million driven by a 65.4% increase in average selling prices.

Insteel Industries reported a strong first quarter for fiscal year 2022, with record quarterly revenue of $178.5 million and record first quarter net earnings of $23.1 million, or $1.18 per diluted share. The company benefited from strong demand for concrete reinforcing products and wider spreads between selling prices and raw material costs.

Insteel Industries Inc. announced record financial results for the fourth quarter and fiscal year ended October 2, 2021. Net earnings for the fourth quarter of fiscal 2021 were $25.2 million, or $1.28 per diluted share, compared to $7.4 million, or $0.38 per share, in the same period a year ago.

Insteel Industries reported a strong third quarter with net sales increasing by 31.8% to $160.7 million and net earnings increasing to $18.4 million, driven by higher selling prices and strong demand.

Insteel Industries reported strong second quarter results with net earnings increasing to $14.9 million, or $0.76 per diluted share. Net sales increased 21.0% to $139.0 million, driven by higher average selling prices and increased shipments. Gross margin also widened due to higher spreads between selling prices and raw material costs.

Insteel Industries reported a strong first quarter with net sales increasing by 22.6% to $119.6 million and net earnings rising to $8.1 million, or $0.42 per share, driven by robust construction activity and wider spreads between selling prices and raw material costs.

Insteel Industries reported net earnings of $7.4 million, or $0.38 per share, compared to a net loss of $1.8 million, or $0.09 per share, in the same period a year ago. Net sales increased 21.9% to $138.2 million from $113.4 million in the prior year quarter.

Insteel Industries reported net earnings of $6.7 million, or $0.34 per diluted share, for the third quarter of fiscal 2020, compared to $2.2 million, or $0.11 per share, in the same period last year. Net sales decreased slightly to $122.0 million from $126.3 million in the prior year quarter, with shipments increasing by 9.5% but average selling prices decreasing by 11.7%.

Insteel Industries reported an increase in net sales by 2.6% to $114.9 million and net earnings increased to $4.4 million, or $0.23 per share, driven by robust demand for concrete reinforcement products, which was partially offset by margin pressure from import competition.

Insteel Industries reported a decrease in net earnings to $0.6 million, or $0.03 per share, compared to $4.1 million, or $0.21 per share, in the same period last year. Net sales also decreased by 6.3% to $97.6 million, driven by a decrease in average selling prices.