Insteel Industries is a leading producer of steel wire products, specializing in concrete reinforcing products and industrial wire
The company operates manufacturing facilities across the United States, where it fabricates a diverse range of wire items used in construction, infrastructure projects, and various industrial applications. By focusing on quality and innovation, Insteel supplies its customers with essential materials that enhance structural integrity and performance in various construction projects, catering to both the residential and commercial sectors.
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Steel wire manufacturer Insteel (NYSEIIIN) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, with sales up 6.6% year on year to $129.7 million. Its GAAP profit of $0.06 per share was 72.7% below analysts’ consensus estimates.
Insteel Industries Inc. (NYSEIIIN) (“Insteel” or the “Company”), the largest manufacturer of steel wire reinforcing products for concrete construction applications in the United States, today reported financial results for its first quarter of fiscal 2025, ended December 28, 2024.
Over the last six months, Insteel’s shares have sunk to $27.99, producing a disappointing 6.7% loss - a stark contrast to the S&P 500’s 9.7% gain. This was partly driven by its softer quarterly results and may have investors wondering how to approach the situation.
Wrapping up Q3 earnings, we look at the numbers and key takeaways for the commercial building products stocks, including Janus (NYSEJBI) and its peers.
As we edge closer to the new year, investors may want to pay attention to several industrial products sector stocks that look poised to have a strong fiscal 2025.
Insteel Industries Inc. (NYSEIIIN) today announced that its first quarter 2025 earnings conference call will be webcast live over the internet on Thursday, January 16, 2025, at 10:00 a.m. ET following the release of the Company’s first quarter financial results at 6:30 a.m. ET on that same day. The conference call can be accessed on the Company’s website at https://investor.insteel.com and will be archived for replay.
Insteel Industries Inc. (NYSEIIIN) today announced that Blake Doyle has been appointed to its board of directors. Ms. Doyle’s term runs through the 2025 annual meeting of shareholders and she will serve on the Audit Committee.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at AZZ (NYSEAZZ) and the best and worst performers in the commercial building products industry.
Let’s dig into the relative performance of Insteel (NYSEIIIN) and its peers as we unravel the now-completed Q3 commercial building products earnings season.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the commercial building products industry, including Johnson Controls (NYSEJCI) and its peers.
Insteel Industries Inc. (NYSEIIIN) (“Insteel” or the “Company”) announced today that it will be closing its facility in Warren, Ohio, and moving the manufacturing to the Company’s remaining welded wire reinforcement production facilities. The Warren facility was acquired as part of Insteel’s recent purchase of Engineered Wire Products, Inc.
Insteel Industries Inc. (NYSEIIIN) today announced that its board of directors declared a regular quarterly cash dividend of $0.03 per share and a special cash dividend of $1.00 per share of common stock payable on December 13, 2024, to shareholders of record as of November 29, 2024.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Apogee (NASDAQAPOG) and the rest of the commercial building products stocks fared in Q3.
Insteel Industries Inc. (NYSEIIIN) today announced that its wholly-owned subsidiary, Insteel Wire Products Company (together referred to as “Insteel” or the “Company” in this press release), has acquired Engineered Wire Products, Inc. (“EWP”) for $70.0 million in an asset transaction, subject to certain adjustments. The transaction was funded from cash on hand.
Insteel Industries Inc. (NYSEIIIN) (“Insteel” or the “Company”), the nation’s largest manufacturer of steel wire reinforcing products for concrete construction applications, today announced financial results for its fourth quarter and fiscal year ended September 28, 2024.
