Insteel Industries, Inc. (NYSE:IIIN) Q4 2023 Earnings Call Transcript

Scot Jafroodi: There’s nothing unique there. That’s just how it worked out for the quarter.

Tyson Bauer: Okay. But that anticipation is for the rest of this year, we’re going to start out kind of as we ended and probably just kind of stay tight or stable until we get into the next year’s seasonally stronger quarters.

Scot Jafroodi: But I think the influences that we’re dealing with right now, Tyson, are related to reducing inventory and the impact on our plants. And certainly, I mean, the level of volume that’s out there isn’t particularly impressive anyway. But we have exacerbated that impact with our inventory reduction after which are clearly called for but nevertheless, they’re painful. So I think that, that — that’s a big driver of what you’re seeing.

Operator: We currently have no further questions. So I would like to hand the call back to H. Woltz to closing remarks.

H. Woltz: Okay. Thank you. We appreciate your interest in the company. We look forward to talking to you next quarter and we encourage you to follow up with us if you have continuing questions. Thank you.

Operator: Ladies and gentlemen, this concludes today’s call. Thank you for joining. You may now disconnect your lines. Thank you.