Insteel Industries, Inc. (NYSE:IIIN) Q1 2021 Earnings Conference Call January 21, 2021 10:00 AM ET Company Participants H. Woltz - Chairman, President & Chief Executive Officer Mark Carano - Senior Vice President, Chief Financial Officer & Treasurer Conference Call Participants Julio Romero - Sidoti Tyson Bauer - KC Capital Operator Ladies and gentlemen, thank you for standing by and welcome to the Insteel Industries First Quarter 2021 Conference Call. At this time, all participants are in a listen-only mod ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended January 2, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission File Number: 1-9929 Insteel Industries, Inc. (Exact name of registrant as specified in its charter) North Carolina (State or other juris ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended October 3, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-9929 INSTEEL INDUSTRIES, INC. (Exact name of registrant as specified in its charter) North Carolina (State or other jurisdiction of incorporation or ...

Financial Data and Key Metrics Changes - Net earnings increased to $0.38 per share compared to a net loss of $0.09 per share last year [6] - Shipments for the quarter rose 27.7% year-over-year and 12.1% sequentially from Q3, marking the highest quarterly shipment level in the company's history [6] - Gross profit for the quarter increased by $15.6 million to $19.5 million, with gross margin expanding over 1,000 basis points to 14.1% [10] - SG&A expenses rose to $9.4 million, or 6.7% of net sales, from $5.9 million, or 5.2% of net sales last year [12] Business Line Data and Key Metrics Changes - Engineered structural mesh and PC strand led the growth in shipments, reflecting strong demand in construction markets [7] - Average selling prices declined 4.6% year-over-year but increased 1.1% sequentially, marking the first increase in seven quarters [7] Market Data and Key Metrics Changes - Low-priced import competition in the PC strand and standard welded wire markets remains intense, negatively impacting average selling prices [8] - Public construction spending increased 6.1% year-over-year, with highway and street construction rising by 2% [21] Company Strategy and Development Direction - The company aims to optimize operations, safeguard employees, and advance key growth initiatives despite economic uncertainties [21] - Continued focus on engineered structural mesh market expansion and pursuing acquisitions opportunistically [22][23] - Capital expenditures for 2021 are expected to total up to $20 million, focusing on growth initiatives and productivity improvements [17][35] Management's Comments on Operating Environment and Future Outlook - The lingering impact of COVID-19 on economic recovery poses risks to business, with cautious demand outlook [19] - Recent indicators show modest improvement in non-residential construction spending, but uncertainties remain [20] - The company expects to maintain normalized spread levels into Q1 of fiscal 2021, benefiting from lower raw material costs [11] Other Important Information - The company concluded the quarter with $68.7 million in cash and no borrowings on its revolving credit facility [18] - Trade cases filed against importers are progressing favorably, which may positively impact market conditions [31][34] Q&A Session Summary Question: Concerns about local funding and potential drop-off - Management noted a wide range of expectations among customers regarding funding, indicating a month-to-month evaluation approach [41][43] Question: Growth expectations for engineered structural mesh - Management indicated solid double-digit growth in engineered structural mesh but did not disclose specific figures [44] Question: Impact of CapEx for 2021 - Management confirmed that the $20 million CapEx includes catch-up for delayed projects from fiscal 2020 [45][46] Question: State and local municipal bond activity - Management acknowledged increased activity in financing infrastructure projects but lacked hard data [49] Question: Impact of trade actions on market conditions - Management highlighted that the retroactive nature of trade actions could create favorable market conditions, but winning the cases is crucial [51][52] Question: Public vs. private non-residential construction outlook - Management indicated that public spending is a larger question mark compared to private non-residential construction, which is expected to continue [58]

时间 IDUSTRIES INC. Investor Presentation July 16, 2020 LETTER FEED FOR FEED ALLE LINE LI LE ITIANIIIIIIIIIII - IIIIII RAILII Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. When used in this presentation, the words "believes," "anticipates," "expects," "estimates," "appears," "plans," "intends," "may," "should," "could" and similar expressions are intended to identify for ...

Financial Data and Key Metrics Changes - Net earnings increased to $0.30 per share from $0.11 per share year-over-year, driven by recovery in selling prices and raw material spreads [7] - Gross profit rose by $6.6 million to $14.8 million, with gross margin widening to 12.1% from 6.5% [13] - Shipments increased by 9.5% year-over-year and 7.4% sequentially, marking the second highest quarter of shipments in the last 10 years [8] Business Line Data and Key Metrics Changes - Average selling prices declined 11.7% year-over-year and 1.2% sequentially, with significant pressure in markets susceptible to import competition [10] - In markets affected by imports, average selling prices fell 20% year-over-year, more than double the 8% decline in other business areas [11] Market Data and Key Metrics Changes - Strong shipment performance attributed to increased construction activity and favorable weather conditions [9] - The company experienced robust order entry, although some moderation was noted in the Northeast and Midwest due to COVID-19 regulations [26] Company Strategy and Development Direction - The company is focused on maintaining financial strength while pursuing organic growth through capital expenditures and strategic acquisitions [22] - Efforts are being made to address low-price import competition through actions with U.S. government and international trade authorities [12] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about strong market conditions for the remainder of the year, despite limited visibility for fiscal 2021 due to COVID-19 uncertainties [21] - The company is prepared to adjust operating plans if demand significantly drops [27] Other Important Information - The company completed the acquisition of Strand-Tech Manufacturing, with integration activities proceeding smoothly [29] - Capital expenditures for 2020 are now estimated at approximately $12 million, down from initial estimates [36] Q&A Session Summary Question: Impact of COVID-19 on operations - Management noted minimal operational impact but highlighted customer uncertainty and staffing challenges due to quarantine procedures [42][43] Question: Areas of strength in construction - Public construction remains robust, with strong activity in distribution centers noted [44] Question: Incremental tonnage from Strand-Tech acquisition - Management indicated difficulty in quantifying incremental tonnage from the acquisition but emphasized strong customer retention efforts [45][47] Question: State bonding activity and its impact - Management acknowledged that increased bonding activity by municipalities could positively impact the business, although federal funding concerns remain [50][52] Question: Outlook for 2021 - Management expressed concerns about both private non-residential and public construction sectors, with risks identified in bidding activity for 2021 [53] Question: Cash reserves and potential dividends - The company remains focused on growth opportunities and will consider returning excess cash to shareholders if it exceeds conservative operational needs [56]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission File Number: 1-9929 Insteel Industries, Inc. (Exact name of registrant as specified in its charter) North Carolina (State or other jurisdiction of incorporation or organization) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the ...

Insteel Industries, Inc. (NYSE:IIIN) Q2 2020 Earnings Conference Call April 16, 2020 10:00 AM ET Company Participants H. Woltz - President and Chief Executive Officer Mike Gazmarian - Vice President, Chief Financial Officer and Treasurer Conference Call Participants Julio Romero - Sidoti & Company Tyson Bauer - KC Capital Operator Ladies and gentlemen, thank you for standing by and welcome to the Insteel Industries Second Quarter 2020 Conference Call. At this time, all participants’ lines are in a listen-on ...

Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION For the quarterly period ended March 28, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission File Number: 1-9929 Insteel Industries, Inc. (Exact name of registrant as specified in its charter) North Carolina (State or other jurisd ...

Insteel Industries, Inc. (NASDAQ:IIIN) Q1 2020 Earnings Conference Call January 16, 2020 10:00 AM ET Company Representatives Howard Woltz - President, Chief Executive Officer Mike Gazmarian - Vice President, Chief Financial Officer, Treasurer Conference Call Participants Julio Romero - Sidoti & Company Tyson Bauer - KC Capital Operator Ladies and gentlemen, thank you for standing by, and welcome to the Insteel Industries' First Quarter 2020 Conference Call. At this time all participants are in a listen-only ...