Insteel Industries Inc (NYSE:IIIN)
$ 31.75 -0.21 (-0.66%) Market Cap: 618.33 Mil Enterprise Value: 540.73 Mil PE Ratio: 25.60 PB Ratio: 1.81 GF Score: 83/100

Q3 2023 Insteel Industries Inc Earnings Call Transcript

Jul 20, 2023 / 02:00PM GMT
Release Date Price: $31.36 (-1.23%)
Operator

Good morning, and welcome to the Insteel Industries Third Quarter 2023 Earnings Call. My name is Carla and I will be the operator of today's call. (Operator Instructions) I would now like to pass the conference over to our host, H. Woltz, President and CEO. Please go ahead when you're ready.

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

Good morning, and thank you for your interest in Insteel, and welcome to our third 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 3 quarters of fiscal 2023 have been challenging for the company in view of inventory accumulations throughout the supply chain and a significant

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