Insteel Industries, Inc. (NYSE:IIIN) Q1 2025 Earnings Conference Call January 16, 2025 10:00 AM ET
Company Participants
H.O. Woltz III – President and Chief Executive Officer
Scot Jafroodi – Vice President, Chief Financial Officer and Treasurer
Conference Call Participants
Julio Romero – Sidoti & Company
Tyson Bauer – KC Capital
Operator
Good morning, and thank you for joining the Insteel Industries First Quarter 2025 Earnings Call. My name is Harry, and I’ll be your operator today. [Operator Instructions]
I would now like to hand the conference over to H. Woltz, Insteel Industries’ President and CEO. Mr. Woltz, please go ahead.
H.O. Woltz III
Okay. Thank you, Harry. Good morning. Thank you for your interest in Insteel, and welcome to our first quarter 2025 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.
We’re pleased to have experienced a material upturn in business activity during the first fiscal quarter relative to the same period last year. Seasonally, however, trends were normal, resulting in lower shipments sequentially. Following the lackluster demand environment that persisted through fiscal 2024, we made two important acquisitions during our first quarter that we expect to deliver solid returns for shareholders going forward.
I’m going to turn the call over to Scott to comment on our financial results for the quarter in the macro environment, and then I’ll kick it off to discuss our business outlook and provide some insight on the rationale for our acquisition activity.
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