The year-over-year improvement in gross profit was driven by the absence of inventory write-downs in the current year quarter, the increase in shipments, wider spreads between average selling prices and raw material costs and lower unit conversion costs.Total unit production for the third quarter was up 22% from last year and 6% on a sequential basis from Q2, which increased our overall capacity utilization at 52% from 49% in the second quarter and 42% a year ago, and reduced our unit conversion costs relative to both periods.
Insteel Industries Inc. F3Q10 (Qtr End 31/06/10) Earnings Call Transcript
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