Insteel Industries Inc Q2 FY2023 Earnings Call

Insteel Industries Inc (IIIN)

Earnings Call FY2023 Q2 Call date: 2023-07-20 Concluded

Quarter scorecard

Revenue

$159.05M

-25.4% YoY

Diluted EPS

$0.26

-86.9% YoY

Gross margin

8.3%

-18.5 pp YoY

Net income

$5.10M

-86.9% YoY

Welded Wire Reinforcement $91.38M

-31.6%

Prestressed Concrete Strand $67.67M

-14.9%