Education
About Us
Working with TipRanks
Follow Us
Insteel Industries (IIIN)
NYSE:IIIN
Earnings Data
Report Date
Apr 17, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.29Last Year’s EPS
0.35Same Quarter Last Year
Based on 1 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Apr 17, 2025
|% Change Since: 23.50%
|Next Earnings Date:Jul 17, 2025
Earnings Call Sentiment|Positive
The earnings call presented significant positive aspects, including strong net earnings growth, successful asset integration, and improved liquidity. However, concerns about supply chain constraints, potential tariff impacts, and challenging macroeconomic indicators were also highlighted. Despite these concerns, the positive highlights, particularly in financial performance and strategic moves, were more pronounced.Company Guidance
During the Insteel Industries 2nd Quarter 2025 earnings call, the company reported a significant improvement in financial performance compared to the previous year, with net earnings rising to $10.2 million from $6.9 million, and earnings per share increasing to $0.52 per diluted share from $0.35. Excluding nonrecurring restructuring charges, net earnings per share stood at $0.55. Shipment volumes increased by 28.9% year-over-year and 17.9% sequentially from the first quarter, driven by strong demand in construction markets and contributions from recent acquisitions. The effective tax rate for the quarter was 23.2%, and capital expenditures were reduced to a full-year target of $17 million from the previously communicated $22 million. The company repurchased $1.1 million of its common equity, ending the quarter with $28.4 million in cash and no borrowings on its $100 million revolving credit facility. Despite uncertainties surrounding trade policies, the company remains optimistic about market outlook, supported by robust demand and shipment trends.Strong Quarter Performance
Net earnings for the quarter rose to $10.2 million from $6.9 million a year ago, and earnings per share increased to $0.52 per diluted share from $0.35 per diluted share in the prior year. Excluding nonrecurring restructuring charges, net earnings rose to $0.55 per share. Shipments for the quarter increased 28.9% from last year and 17.9% sequentially from Q1.
Successful Integration of Acquired Assets
Effective integration of acquired assets during the first fiscal quarter was completed successfully, contributing to increased tonnage and improved shipment performance.
Ample Liquidity and Financial Flexibility
Ended the quarter with $28.4 million of cash on hand and no borrowing outstanding on a $100 million revolving credit facility.
Positive Impact of Tariff Changes
Application of the 25% Section 232 steel tariff to imports of PC strand and other derivative products has eliminated a previous competitive disadvantage for Insteel.
---
IIIN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
IIIN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 17, 2025 | $26.72 | $30.41 | +13.81% |
| Jan 16, 2025 | $24.80 | $25.72 | +3.71% |
| Oct 17, 2024 | $28.46 | $27.06 | -4.92% |
| Jul 18, 2024 | $31.09 | $32.00 | +2.93% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Insteel Industries (IIIN) report earnings?
Insteel Industries (IIIN) is schdueled to report earning on Apr 17, 2025, TBA Not Confirmed.
What is Insteel Industries (IIIN) earnings time?
Insteel Industries (IIIN) earnings time is at Apr 17, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is IIIN EPS forecast?
IIIN EPS forecast for the fiscal quarter 2025 (Q2) is 0.29.
---