Insteel Industries Inc. (NASDAQ:IIIN) Q1 2020 Earnings Conference Call - Final Transcript

Jan 16, 2020 • 10:00 am ET

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Insteel Industries Inc. (NASDAQ:IIIN) Q1 2020 Earnings Conference Call - Final Transcript

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Presentation
Executive
H.O. Woltz III

limited range of products, our equipment supplier has identified additional modifications that need to be made in order for it to achieve its full range of capabilities.

We expect this work will be completed during the current quarter and allow for the line to ramp up to projected operating rates during the balance of the fiscal year. Market conditions remain favorable and we're confident we'll attain our investment objectives once the line has attained its full range of capabilities.

So in summary, we expect continued growth in demand for our products during 2020. We're optimistic that the robust shipping trim [Phonetics] that emerged in Q1 will continue. And it appears that the cycle of steel price weakness that has adversely affected our results in 2019 is behind this. We will remain focused on improving all aspects of our manufacturing operations and continue our dialog with the administration to address the challenges created by steel trade policy, and will continue to be vigilant in pursuing attractive growth opportunities, both organic and through acquisition.

This concludes our prepared remarks and we'll now take your questions. Liz, would you please explain the procedure for asking questions?