Insteel Industries, Inc. (IIIN) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

All lines will be muted during the presentation portion of the call with an opportunity for questions and answers at the end. I would now like to pass the conference over to your host, Mr. H. Waltz, Chairman, President, and Chief Executive Officer at Insteel Industries. Thank you. You may proceed. Thank you, Braco. Thank you for your interest in Insteel, and welcome to our fourth quarter 2025 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 are described in our periodic filings with the SEC. The upturning business activity that we reported previously continued during our fourth quarter, and our fiscal 2025 acquisitions performed well. While our ability to forecast future activity is limited, we see no evidence of a broad-based slowdown in our markets, although housing continues to lag significantly, as it has all year. While the ongoing recovery of our markets is real, We are aware of uncertainties created by the administration's trade policies and from the economic cycle. I'll turn the call over to Scott to comment on our financial results, and following Scott's comments, I'll take the call back up to discuss our business outlook. Thank you, H, and good morning to everyone joining us today. As noted in this morning's press release, we delivered a strong four-quarter performance, supported by higher shipment volumes, and a continued recovery in spreads between selling prices and raw material costs. Our net earnings rose to $14.6 mil...