Insteel Industries Full Year 2024 Earnings: Misses Expectations [Yahoo! Finance]
Insteel Industries, Inc. (IIIN)
US:NASDAQ Investor Relations:
investor.insteel.com
Company Research
Source: Yahoo! Finance
Key Financial Results Revenue: US$529.2m (down 19% from FY 2023). Net income: US$19.3m (down 40% from FY 2023). Profit margin: 3.6% (down from 5.0% in FY 2023). The decrease in margin was driven by lower revenue. EPS: US$0.99 (down from US$1.66 in FY 2023). All figures shown in the chart above are for the trailing 12 month (TTM) period Insteel Industries Revenues and Earnings Miss Expectations Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 6.2%. Looking ahead, revenue is forecast to grow 8.1% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Building industry in the US. The company's shares are down 4.1% from a week ago. Balance Sheet Analysis Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Insteel Industries' balance sheet health. Have feedback on this article? Concerne
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News
- Insteel Industries Announces Closure of Warren, Ohio Facility [Yahoo! Finance]Yahoo! Finance
- Insteel Industries Announces Closure of Warren, Ohio FacilityBusiness Wire
- Insteel Industries Declares Regular Quarterly and Special Cash DividendsBusiness Wire
- Insteel Industries, Inc. (NASDAQ: IIIN) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Insteel Industries acquires assets of Engineered Wire Products [Seeking Alpha]Seeking Alpha
IIIN
Earnings
- 10/17/24 - In-Line
IIIN
Sec Filings
- 11/18/24 - Form 8-K
- 11/12/24 - Form 8-K
- 10/24/24 - Form 10-K
- IIIN's page on the SEC website