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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Q1 2024 Insteel Industries Inc Earnings Call Transcript

Jan 18, 2024 / 03:00PM GMT
Release Date Price: $34.18 (-5.29%)
Operator

Good morning, and welcome to Insteel Industries first-quarter 2024 earnings call. My name is Carla, and I will be your operator for today. (Operator Instructions)

I will now hand over to your host, H. Woltz, CEO, to begin. Please go ahead when you're ready.

H. Woltz
Insteel Industries Inc. - Chairman, President & CEO

Thank you. Good morning. Thank you for your interest in Insteel, and welcome to our first-quarter 2024 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 which could cause actual results to differ materially from those projected. These risk factors are described in our periodic filings with the SEC.

The recent environment has been challenging for the company, in view of inventory accumulations throughout the supply chain and a significant downward reset in steel prices that

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