Insteel Indus Remains Cautiously Optimistic For FY24 As Customer Sentiment Is Mostly Positive, And Spending Associated With The Infrastructure Investment And Jobs Act Is Expected To Accelerate And Help Drive Demand
Portfolio Pulse from Benzinga Newsdesk
Insteel Industries (IIIN) remains cautiously optimistic for FY24 despite a challenging FY23. The company expects the Infrastructure Investment and Jobs Act to drive demand. However, it is aware of risks associated with higher interest rates and a potential slowdown in nonresidential building construction.
October 19, 2023 | 10:34 am
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Insteel Industries expects the Infrastructure Investment and Jobs Act to boost demand in FY24. However, the company is cautious about potential risks from higher interest rates and a slowdown in nonresidential building construction.
The news is directly about Insteel Industries and its outlook for FY24. The company's performance could be influenced by the Infrastructure Investment and Jobs Act, which is expected to drive demand. However, potential risks such as higher interest rates and a slowdown in nonresidential building construction could negatively impact the company's performance.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100