Insteel Industries (IIIN) Misses Q3 EPS by 20c
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Insteel Industries Reports Third Quarter 2017 Financial Results
July 20, 2017 6:30 AM EDTMOUNT AIRY, N.C., July 20, 2017 /PRNewswire/ --Â Insteel Industries, Inc. (NasdaqGS: IIIN) today announced financial results for its third quarter ended July 1, 2017.
Third Quarter 2017 Results
Net earnings for the third quarter of fiscal 2017 decreased to $6.9 million, or $0.36 per share, from $13.5 million, or $0.71 per diluted share, in the same period a year ago. Insteel's results were unfavorably impacted by lower shipment and production volumes together with narrower spreads between selling prices and raw material costs relative to the prior... More
