Julio Romero's questions to Insteel Industries Inc (IIIN) leadership • Q4 2024
Question
Julio Romero of Sidoti & Company inquired about Insteel's Q4 shipment trends, the primary drivers behind volume fluctuations, the outlook for volume growth in fiscal 2025, and the progress of its engineered structural mesh product adoption.
Answer
H.O. Waltz (executive) explained that while early Q4 shipments were low, September was even year-over-year. He noted that weather significantly impacted production and shipping hours but that customer optimism remains high. Waltz expressed cautious optimism for gradual volume growth in 2025, supported by solid fundamentals. He also confirmed that Insteel is fully committed to driving the conversion of rebar users to its engineered structural mesh, despite the challenges.