Insteel Industries Inc (NYSE:IIIN)
$ 29.86 0.57 (1.95%) Market Cap: 580.84 Mil Enterprise Value: 459.90 Mil PE Ratio: 30.16 PB Ratio: 1.66 GF Score: 76/100
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Q4 2023 Insteel Industries Inc Earnings Call Transcript

Oct 19, 2023 / 02:00PM GMT
Release Date Price: $29.56 (-6.46%)
Operator

Hello, everyone, and welcome to Insteel Industries Fourth Quarter 2023 Earnings Call. My name is [Runo], and I will be operating your call today. (Operator Instructions) I will now hand over to your host and CEO, H. Woltz. Please go ahead.

Howard Osler Woltz
Insteel Industries, Inc. - President, CEO & Chairman

Good morning. Thank you for your interest in Insteel, and welcome to our fourth quarter 2023 conference call, which will be conducted by Scot Jafroodi, our Vice President, CFO and Treasurer; and me. Before we begin, let me remind you that some of the comments made in our presentation are considered to be forward-looking statements that are subject to various risks and uncertainties and which could cause actual results to differ materially from those projected.

These risk factors are described in our periodic filings with the SEC. 2023 was challenging for the company in view of inventory accumulations throughout the supply chain and a significant downward reset in steel prices that occurred following several quarters of extreme supply

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