Insteel Industries (IIIN) Moves 5.7% Higher: Will This Strength Last? [Yahoo! Finance]
Insteel Industries, Inc. (IIIN)
US:NASDAQ Investor Relations:
investor.insteel.com
Company Research
Source: Yahoo! Finance
This compares to the stock's 6.1% loss over the past four weeks. Insteel Industries' price have gained on favorable demand profile with improving market fundamentals. In the first quarter of fiscal 2024, its net sales decreased 27.1% year over year to $121.7 million from $166.9 million, mainly due to lower average selling prices. The company's shipment volume were essentially unchanged from the prior year, benefiting from recovering demand in residential construction markets. Normal seasonal downturn in construction activity had impacted results. With inventory liquidations substantially completed, the company expects improved results in the ongoing quarter. This maker of steel wire reinforcing for the concrete and construction industry is expected to post quarterly earnings of $0.22 per share in its upcoming report, which represents a year-over-year change of -15.4%. Revenues are expected to be $135.29 million, down 14.9% from the year-ago quarter. While earnings and revenue gr
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IIIN
News
- Insteel Industries Reports Second Quarter 2024 ResultsBusiness Wire
- Insteel Q2 2024 Earnings Preview [Seeking Alpha]Seeking Alpha
- Insteel Industries (NYSE:IIIN) shareholders have earned a 16% CAGR over the last five years [Yahoo! Finance]Yahoo! Finance
- Insteel Industries Announces Second Quarter 2024 Conference CallBusiness Wire
- What Is Insteel Industries, Inc.'s (NYSE:IIIN) Share Price Doing? [Yahoo! Finance]Yahoo! Finance
IIIN
Earnings
- 4/25/24 - Beat
IIIN
Sec Filings
- 4/25/24 - Form 10-Q
- 4/25/24 - Form 8-K
- 3/4/24 - Form 4
- IIIN's page on the SEC website