Recap: Insteel Industries Q4 Earnings

Shares of Insteel Indus IIIN were unchanged after the company reported Q4 results.

Quarterly Results

Earnings per share increased 533.33% year over year to $0.39, which beat the estimate of $0.24.

Revenue of $138,231,000 higher by 21.89% year over year, which beat the estimate of $114,320,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: Oct 22, 2020

Time: 10:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/xh6ssc3c

Recent Stock Performance

Company's 52-week high was at $26.61

52-week low: $10.00

Price action over last quarter: Up 6.22%

Company Profile

Insteel Industries Inc manufactures steel wire reinforcing products for concrete construction applications. It manufactures and markets PC strand and welded wire reinforcement, including ESM, concrete pipe reinforcement, and standard welded wire reinforcement. The company's products are sold primarily to manufacturers of concrete products that are used in nonresidential construction. Its concrete reinforcing products consist of two product lines: PC strand and WWR. Insteel generates its geographical revenue from the United States.