The year-over-year reduction in gross profit for the quarter, which is primarily driven by the narrowing and spread between average selling prices and raw material costs and to a lesser extent the decrease in shipment. Our total unit production for the fourth quarter was down 22% from last year and 6% on a sequential basis from Q3which reduced overall capacity utilization to 49% from 52% in the third quarter and 56% a year ago.SG&A expense for the fourth quarter decreased $0.3 million from the prior year, primarily due to the reductions in legal and consulting expenses a large portion of which were related to the fees that we were incurring a year ago associated with the PC strand and trade cases.
Insteel Industries Inc. CEO Discusses F4Q2010 Results - Earnings Call Transcript
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