Insteel Industries Reports Second Quarter 2024 Results
Insteel Industries, Inc. (IIIN)
US:NASDAQ Investor Relations:
investor.insteel.com
Company Research
Source: Business Wire
MOUNT AIRY, N.C.--(BUSINESS WIRE)--Insteel Industries Inc. (NYSE: IIIN) (“Insteel” or the “Company”), the largest manufacturer of steel wire reinforcing products for concrete construction applications in the United States, today announced financial results for its second quarter of fiscal 2024 ended March 30, 2024.Second Quarter 2024 HighlightsNet earnings of $6.9 million, or $0.35 per diluted shareNet sales of $127.4 millionGross profit of $15.7 million, or 12.3% of net salesOperating cash flow of $1.4 millionNet cash balance of $83.9 million and no debt outstanding as of March 30, 2024Improving demand environment and easing macroeconomic headwindsSecond Quarter 2024 ResultsNet earnings for the second quarter of fiscal 2024 increased to $6.9 million, or $0.35 per diluted share, from $5.1 million, or $0.26 per share, in the same period a year ago. Insteel’s results for the second quarter benefited from widening spreads between selling prices and raw material costs relative to the
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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