Insteel Industries Inc Q2 FY2024 Earnings Call

Insteel Industries Inc (IIIN)

Earnings Call FY2024 Q2 Call date: 2024-07-18 Concluded

Quarter scorecard

Revenue

$127.39M

-19.9% YoY

Diluted EPS

$0.35

+34.6% YoY

Gross margin

12.3%

+4.0 pp YoY

Net income

$6.94M

+36% YoY

Welded Wire Reinforcement $69.75M

-23.7%

Prestressed Concrete Strand $57.64M

-14.8%

Buybacks (derived)

$303,000

Shares repurchased

8,859

Dividend / share

$0.03

ex Sep 13