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Sep 30, 2023
Insteel Q4 2023 Earnings Report
Insteel's Q4 2023 results were impacted by narrower spreads between selling prices and raw material costs.
Key Takeaways
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.
Net sales decreased 24.3% to $157.5 million.
Gross profit was $14.0 million, or 8.9% of net sales.
Net income totaled $5.6 million, or $0.29 per share.
Operating cash flow was $38.6 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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