Insteel Industries Inc (NYSE:IIIN)
$ 32.04 0.33 (1.04%) Market Cap: 623.98 Mil Enterprise Value: 542.29 Mil PE Ratio: 25.84 PB Ratio: 1.83 GF Score: 85/100

Q2 2023 Insteel Industries Inc Earnings Call Transcript

Apr 20, 2023 / 02:00PM GMT
Release Date Price: $28.34 (+2.24%)
Operator

Ladies and gentlemen, welcome to the Insteel Industries' Second Quarter 2023 Earnings Call. My name is Glenn, and I will be the moderator for today's call. (Operator Instructions) I will now hand you over the host, H. Woltz, Chairman, President and Chief Executive Officer of Insteel Industries. Mr. Woltz, please go ahead.

Howard Osler Woltz
Insteel Industries, Inc. - President, CEO & Chairman

Thank you. Good morning, and thank you for your interest in Insteel. Welcome to our second quarter 2023 conference call, which will be conducted by Scot Jafroodi, our Vice President, CFO and Treasurer; and me.

Before we begin, let me remind you that some of the comments made in our presentation are considered to be forward-looking statements that are subject to various risks and uncertainties, which could cause actual results to differ materially from those projected. These risk factors are described in our periodic filings with the SEC.

The first 2 quarters of fiscal 2023 have been challenging for the company in view of inventory accumulations

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