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News Breaks
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April 21, 2011
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| 08:38 EDT |  | IIIN |
| theflyonthewall.com: | Insteel comments on FY11 outlook | | H.O. Woltz III, president and CEO commented: "Despite the continued weakness in our construction end-markets, as we move into 2H of FY11 we expect our financial results will be favorably impacted by the usual seasonal upturn in demand together with the increasing contributions and synergies associated with the Ivy acquisition. Prices for our primary raw material, hot-rolled steel wire rod have spiked higher in recent months driven by the rising cost of steel scrap and increased demand from automotive and other non-construction applications. We have responded to these cost pressures by implementing price increases for our reinforcing products during our first and second fiscal quarters and have announced additional increases effective in April. Looking ahead, the timing and trajectory for a recovery in the construction industry continues to be difficult to forecast. During the interim, we will remain focused on strengthening our market leadership positions across our product lines and capitalizing on any additional growth opportunities that may develop in this difficult environment." :theflyonthewall.com |
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May 16, 2012
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| 07:43 EDT |  | IIIN |
| theflyonthewall.com: | Oppenheimer to host a conference | | 7th Annual Industrials Conference is being held in New York on May 15-16 with webcasted company presentations to begin on May 16 at 8 am; not all company presentations may be webcasted. Webcast Link :theflyonthewall.com |
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