Insteel(IIIN) - 2024 Q3 - Quarterly Results

Exhibit 99.1 NEWS RELEASE Third Quarter 2024 Highlights Third Quarter 2024 Results Net earnings for the third quarter of fiscal 2024 decreased to $6.6 million, or$0.34 per share, from $10.6 million, or$0.54 per share, for the same period a year ago. Despite higher shipments, Insteel's third quarter results were unfavorably impacted by narrower spreads between selling prices and raw material costs relative to the prior year quarter. FOR IMMEDIATE RELEASE Contact: Scot Jafroodi Vice President, Chief Financi ...