Insteel Industries, Inc. (IIIN) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

which will be conducted by Scott Giafrutti, 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 should 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 second fiscal quarter relative to the same period last year. While we're glad to see the ongoing recovery in our markets, the tumultuous events that followed the rollout of the administration's tariff strategy created new uncertainties for the company. And before I turn the call over to Scott to comment on our financial results, We again thank all of our people for the effective integration of our acquired assets during the first fiscal quarter. Following Scott's comments, I'll pick the call back up to discuss our business outlook and the impact of tariffs on our company. Thank you, H. And good morning to everyone joining us on the call. As we reported earlier today, the second quarter of fiscal 2025 proved to be a strong quarter for Enfield. and marked the second consecutive quarter of favorable shipment trends following the weaker volumes we experienced in the prior year. Improved demand in our construction end markets, in addition to lower manufacturing costs and higher production volume, were the key drivers in our Q2 performance. Net earnings for the quarter rose to 10.2 million from 6.9 million a year ago, and earnings per share increased to 52 cents per diluted share from 35 cents per diluted share in the prior year, Excluding the non-reincurring restructuring...