Insteel Industries (IIIN) came out with quarterly earnings of $0.34 per share, missing the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.54 per share a year ago. These figures are adjusted for non-recurring items. Insteel Industries shares have lost about 15.8% since the beginning of the year versus the S&P 500's gain of 17.2%. Ahead of this earnings release, the estimate revisions trend for Insteel Industries: unfavorable. While the magnitude and direction of estimate revisio ...

Exhibit 99.1 NEWS RELEASE INSTEEL INDUSTRIES REPORTS THIRD QUARTER 2024 RESULTS Third Quarter 2024 Results FOR IMMEDIATE RELEASE Contact: Scot Jafroodi | --- | |---------------------------------------| | Vice President, | | Chief Financial Officer and Treasurer | | Insteel Industries Inc. | | (336) 786-2141 | MOUNT AIRY, N.C., July 18, 2024 – Insteel Industries Inc. (NYSE: IIIN) ("Insteel" or the "Company"), the nation's largest manufacturer of steel wire reinforcing products for concrete construction appli ...

Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits. One stock to keep an eye on is Insteel Industries (IIIN) . IIIN is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. Thi ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics a ...

Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large. While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies ...

Investors might want to bet on Insteel Industries (IIIN) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Individua ...

财务数据和关键指标变化 - 第二季度净收益增加至690万美元,每股收益增加至0.35美元,去年同期分别为510万美元和0.26美元 [6] - 第二季度出货量同比下降3.2%,但较第一季度上升1.9% [6][7] - 平均售价较第一季度上涨2.7%,反映了公司在第一季度原材料成本上升后实施的部分价格上调 [7][8] - 毛利率较上年同期改善710个基点,主要得益于售价上涨和原材料成本下降 [8] - 单位转换成本同比基本持平,但仍处于较高水平,受到持续的库存管理和产能受限的影响 [9] - 第二季度经营活动产生的现金流下降至140万美元,主要由于营运资金的增加 [11] - 第二季度末存货周转率为2.6个月,较第一季度末的3个月有所下降 [11] 各条业务线数据和关键指标变化 - 公司未具体披露各业务线的数据和指标变化情况 [无] 各个市场数据和关键指标变化 - 非住宅建筑支出同比增长14%,公路和街道建设支出增长近19% [13] - 建筑业景气指数(ABI)和Dodge动力指数均呈下降趋势,反映非住宅建筑需求疲软 [13] 公司战略和发展方向及行业竞争 - 公司正在积极应对进口PC钢绞线的竞争压力,包括采取贸易救济措施和与政府沟通,要求扩大232关税的适用范围 [15][16][34][35] - 公司正在进行产能扩张和技术升级投资,预计2023-2024年资本支出将达到约3000万美元,但未来将恢复至折旧水平 [18] - 公司有信心利用自身的财务实力和灵活性,积极应对未来经济环境的不确定性,并寻求有机增长和并购机会 [19] 管理层对经营环境和未来前景的评论 - 公司认为之前面临的一些不利因素,如库存清理和钢价下跌,已经基本消除,市场需求正在逐步好转 [5][14] - 4月份以来出货量同比增长超过10%,公司正在增加产能利用率以满足更强劲的需求 [14] - 基础设施投资法案(IIJA)的实施可能会对公司业务产生积极影响,但目前影响还不明显,需要一定时间 [17] - 公司对未来经济前景保持谨慎,但有信心采取措施最大化出货量、优化成本,并抓住有机增长和并购机会 [19] 问答环节重要的提问和回答 问题1 **Julio Romero 提问** 询问公司1月1日实施的价格上调是否未被市场完全接受 [21][22] **H. Woltz 回答** 价格上调动力主要是原材料成本大幅上升,但随后钢价快速下跌,行业提价的决心有所减弱 [22] 问题2 **Tyson Bauer 提问** 询问公司是否看到出货量增长主要来自于基础业务的恢复,还是新增产能的贡献 [28][29] **H. Woltz 回答** 目前主要是基础业务的恢复,新增产能的贡献还不明显,未来几个季度有望发挥更大作用 [29][31][32] 问题3 **Tyson Bauer 提问** 询问进口PC钢绞线的问题是否有新的进展,公司如何应对 [33][34] **H. Woltz 回答** 公司将继续采取贸易救济措施,同时与政府沟通要求扩大232关税的适用范围,以应对进口压力 [34][35]

净销售额及利润情况 - 2024年第二季度净销售额同比下降19.9%，为1.27394亿美元，主要受到平均销售价格下降17.3%和出货量下降3.2%的影响[36] - 2024年第二季度毛利润同比增长18.5%，达到1571.5万美元，占净销售额的12.3%，主要由于平均销售价格和原材料成本之间的较高差额[37] - 2024年第二季度净利润同比增长36.0%，达到693.9万美元，主要由于毛利润和利息收入增加，部分抵消了销售、一般和管理费用的增加[41] - 2024年上半年净销售额同比下降23.6%，为2.49119亿美元，主要受到平均销售价格下降22.4%和出货量下降1.6%的影响[42] - 2024年上半年毛利润同比下降29.2%，为2.1985亿美元，占净销售额的8.8%，主要由于平均销售价格和原材料成本之间的较低差额[43] - 2024年上半年净利润同比下降50.3%，为807.1万美元，主要由于毛利润和其他收入减少，部分抵消了销售、一般和管理费用的降低和利息收入的增加[48] 费用支出情况 - 2024年第二季度销售、一般和管理费用同比增长4.9%，达到787.5万美元，占净销售额的6.2%，主要由于折旧、坏账和员工福利支出增加[38] - 2024年上半年销售、一般和管理费用同比下降2.7%，为1.4242亿美元，占净销售额的5.7%，主要由于低于去年同期的补偿费用[44] 利息收入情况 - 2024年第二季度利息收入同比增加53.5%，达到1147万美元，主要由于现金增加和平均利率上升[39] 融资情况 - 公司拥有1亿美元的循环信贷额度，截至2024年3月30日，信贷额度未使用，可借款余额为9850万美元，信用证总额为150万美元[54] 业务展望及风险管理 - 公司预计未来半年业务将增长，受季节性建筑活动增加和市场基本面强劲的推动，同时预计基础设施建设支出将增加，有利于需求增长[61] - 公司管理着市场风险，包括商品价格、利率和外汇汇率的波动，通过内部制定的政策和程序以及必要时使用衍生金融工具来管理风险[63]

Insteel Industries (IIIN) came out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.26 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 59.09%. A quarter ago, it was expected that this maker of steel wire reinforcing for the concrete and construction industry would post earnings of $0.05 per share when it actually produced earnings of $0.06, del ...

Exhibit 99.1 NEWS RELEASE FOR IMMEDIATE RELEASE Contact: Scot Jafroodi Vice President, Chief Financial Officer and Treasurer Insteel Industries Inc. (336) 786-2141 INSTEEL INDUSTRIES REPORTS SECOND QUARTER 2024 RESULTS MOUNT AIRY, N.C., April 25, 2024 – 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 202 ...