Insteel Industries, Inc. (IIIN) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome everyone to the Instil Industries second quarter 2026 earnings call. My name is Becky and I will be your operator today. All lines will be muted throughout the presentation portion of the call with a chance for Q&A at the end. If you wish to ask a question in this time, please press star followed by one on your telephone keypads. I will now hand over to your host, H. Waltz, CEO, to begin. Please go ahead. Thank you, Becky. Good morning and thank you for your interest in InSteel and welcome to our second quarter of 2026 conference call, 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 could cause actual results to differ materially from those projected. These risk factors Despite falling well short of our expected financial performance in Q2, we believe the upturn in business activity we reported previously is still intact. Winter weather is a fact of life in our business, and it happens that during Q2, conditions were severe and prolonged in many geographies, particularly compared to recent years. And project delays, while undesirable, are rather common in the industry. We regret that we experienced both of these phenomena during Q2, but we're confident that short-term weather conditions and project delays neither create nor destroy demand, and that postponed demand will be evident during the balance of fiscal 2026. I'm going to turn the call over to Scott to comment on our financial results, and then following his comments, I'll take the call back off to discuss our business outlook. Thank you, H, and good morning to ...