Insteel Industries, Inc. (NYSE:IIIN) Q3 2021 Earnings Conference Call July 22, 2021 10:00 AM ET Company Participants Howard Woltz - President, CEO & Chairman Mark Carano - SVP, CFO & Treasurer Conference Call Participants Julio Romero - Sidoti & Company Tyson Bauer - KC Capital Operator Good day, and thank you for standing by. Welcome to the Insteel Industries Third Quarter 2021 Conference Call. [Operator Instructions]. I would now like to hand the conference over to your speaker today, Mr. Woltz. Please go ...

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 July 3, 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 jurisdic ...

Financial Data and Key Metrics Changes - Net earnings for Q2 2021 increased to $14.9 million or $0.76 per diluted share, up from $4.4 million or $0.23 per share a year ago, representing more than a tripling of earnings [4] - Shipments increased by 5% year-over-year and 3.1% sequentially from Q1 [4] - Average selling prices rose by 15% compared to last year and 12.7% sequentially from Q1 [5] - Gross profit increased by $15 million year-over-year, with gross margin expanding to 21.7% [6] Business Line Data and Key Metrics Changes - The demand for concrete reinforcing products remained robust, contributing to strong financial results [4] - The company successfully passed rising costs through the supply chain, maintaining gross margins above 20% throughout the quarter [6][7] Market Data and Key Metrics Changes - The supply of wire rod in the U.S. market became constrained, leading to substantial price increases [5] - Steel scrap prices increased by over 60% in the last six months, impacting production costs [6] - Recent market indicators like ABI and Dodge have rebounded, suggesting growth in private nonresidential construction markets in the next 9 to 12 months [12] Company Strategy and Development Direction - The company expects continued market strength driven by improved public finances and elevated activity in the distribution and e-commerce segments [15] - There is a focus on expanding engineered structural mesh products and cast-in-place applications [16] - The company plans to invest approximately $20 million in capital expenditures for 2021 to support growth initiatives [18] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about steady demand and strong order books, despite uncertainties related to COVID-19 [12][13] - The company is actively managing the tight supply environment for raw materials and expects to pass costs through the supply chain [17] - Management acknowledged risks associated with elevated steel prices and supply constraints but believes that existing tariffs and dumping orders will mitigate sudden market changes [33] Other Important Information - The effective tax rate for the quarter increased to 22.5% from 21.2% year-over-year [9] - Cash flow from operations generated $15.3 million, with no borrowings on the revolving credit facility, providing financial flexibility [11] Q&A Session Summary Question: Demand trends in the horizontal market - Management noted that distribution, including e-commerce, has been extremely robust and has a long run ahead [25] Question: Availability of trucking and cost pass-through - Management confirmed that trucking availability is extremely tight, which has driven costs up significantly [28] Question: Progress on the Strand-Tech acquisition - Management reported that major equipment refurbishment is complete, and commissioning is expected to occur soon [30] Question: Risks associated with elevated steel prices - Management highlighted that while risks are high, they are managing quantities of steel purchased to fulfill customer commitments [32] Question: Trade action rulings - Management expressed satisfaction with the trade rulings, which aligned with their expectations [35] Question: Seasonal impact and government spending - Management anticipates that government stimulus may not have an immediate impact but could extend the pipeline for future projects [41]

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 April 3, 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 56-0674867 (State or ot ...

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 ...

Insteel Industries, Inc. (NYSE:IIIN) Q4 2020 Earnings Conference Call October 22, 2020 10:00 AM ET Company Participants H. Woltz - Chairman, President and Chief Executive Officer Mark Carano - Senior Vice President, Chief Financial Officer and Treasurer Conference Call Participants Julio Romero - Sidoti Tyson Bauer - KC Capital Operator Good morning, ladies and gentlemen, and welcome to the Insteel Industries Fourth Quarter 2020 Conference Call. At this time, all participants' lines are in a listen-only mod ...

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 ...

Insteel Industries, Inc. (NYSE:IIIN) Q3 2020 Earnings Conference Call July 16, 2020 10:00 AM ET Company Participants H. Woltz - President and Chief Executive Officer Mark Carano - Vice President, CFO and Treasurer Conference Call Participants Julio Romero - Sidoti and Company Tyson Bauer - KC Capital Operator Ladies and gentlemen, thank you for standing by and welcome to the Insteel Industries Third Quarter 2020 Conference Call. At this time, all participants' lines are in a listen-only mode. After speakers ...