Insteel Industries, Inc. (IIIN) Q1 2025 Earnings Name Transcript
Insteel Industries, Inc. (NYSE:IIIN) Q1 2025 Earnings Convention Name January 16, 2025 10:00 AM ET
Firm Contributors
H.O. Woltz III – President and Chief Govt Officer
Scot Jafroodi – Vice President, Chief Monetary Officer and Treasurer
Convention Name Contributors
Julio Romero – Sidoti & Firm
Tyson Bauer – KC Capital
Operator
Good morning, and thanks for becoming a member of the Insteel Industries First Quarter 2025 Earnings Name. My title is Harry, and I will be your operator in the present day. [Operator Instructions]
I’d now like handy the convention over to H. Woltz, Insteel Industries’ President and CEO. Mr. Woltz, please go forward.
H.O. Woltz III
Okay. Thanks, Harry. Good morning. Thanks in your curiosity in Insteel, and welcome to our first quarter 2025 convention name, which might be carried out by Scot Jafroodi, our Vice President, CFO and Treasurer; and me.
Earlier than we start, let me remind you that a few of the feedback made in our presentation are thought of to be forward-looking statements which might be topic to numerous dangers and uncertainties, which might trigger precise outcomes to vary materially from these projected. These threat components are described in our periodic filings with the SEC.
We’re happy to have skilled a fabric upturn in enterprise exercise throughout the first fiscal quarter relative to the identical interval final yr. Seasonally, nonetheless, traits had been regular, leading to decrease shipments sequentially. Following the lackluster demand setting that endured by fiscal 2024, we made two essential acquisitions throughout our first quarter that we count on to ship stable returns for shareholders going ahead.
I will flip the decision over to Scott to touch upon our monetary outcomes for the quarter within the macro setting, after which I am going to kick it off to debate our enterprise outlook and supply some perception on the rationale for our acquisition exercise.
