IIIN Earnings Prediction
The chart below shows how IIIN performed 10 days before and after its earnings report, based on data from the past quarters. Typically, IIIN sees a +4.05% change in stock price 10 days leading up to the earnings, and a +2.12% change 10 days following the report. On the earnings day itself, the stock moves by -2.83%. This data can give you a slight idea of what to expect for the next quarter's release.
IIIN Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
129.72M
6.57%
-3.41%
Gross Margin
7.35%
42.72%
-19.50%
Operating Margin
1.27%
1687.50%
-64.43%
Net Margin
0.83%
-10.75%
-76.15%
EPS
0.06
0.00%
-75.00%
No Data Available
IIIN Earnings Analysis
Insteel Industries Inc Corporation (IIIN.N) Earnings Conference Call
Positive
Earnings Stability and Improvement: Net earnings for the first quarter were unchanged at $1.1 million, but adjusted net earnings increased to $0.10 per share, reflecting improved operational efficiency.
Quarterly Shipment Increase: Shipments for the first quarter increased 11.4% year-over-year, driven by increased order activity across commercial and infrastructure end markets, along with contributions from recent acquisitions.
Gross Profit Improvement: Gross profit improved to $9.5 million from $6.3 million a year ago, with gross margin expanding 210 basis points to 7.3%, driven by a widening spread between selling prices and raw material costs.
Strong Operational Cash Generation: Cash flow from operations provided $19 million in the first quarter, primarily driven by changes in net working capital, indicating strong operational cash generation.
Special Cash Dividend Announcement: A special cash dividend of $1 per share was paid, returning $19.4 million to shareholders, marking the eighth special dividend in the last nine years, alongside continued share repurchases.
Negative
Decline in Average Selling Prices: Average selling prices for the quarter declined 4.3% year-over-year, reflecting competitive market conditions and the ongoing impact of low-priced PC strand imports.
Gross Profit Decline: Gross profit for the quarter declined by $2.7 million from the fourth quarter, and gross margin narrowed by 180 basis points, indicating a significant sequential drop in profitability.
SG&A Expense Increase: SG&A expense rose by $1.5 million to $7.9 million, primarily due to a decline in cash surrender value of life insurance policies and increased amortization expense from recent acquisitions.
Restructuring Charges Overview: $700,000 in restructuring charges were recorded during the quarter, including costs related to the consolidation of welded wire manufacturing operations, indicating ongoing operational challenges.
Wire Products Demand Decline: The weak demand environment during 2024 for wire products was confirmed by the announced curtailment of domestic capacity to produce steel wire rod, affecting three steel facilities, which may impact future supply and pricing.
