Insteel Industries, Inc. (IIIN) Reports Q2 EPS of $0.19 (Earlier)

Insteel Industries, Inc. (NASDAQ: IIIN) reported Q2 EPS of $0.19, versus $0.20 reported last year. Revenue for the quarter came in at $91.4 million, versus $82.9 million reported last year.

Outlook

"As we move into the second half of the year, we expect to benefit from the usual seasonal factors, which could be amplified this year by pent-up demand resulting from the unusually severe winter weather we have experienced in many of our markets," commented H.O. Woltz III, Insteel's president and CEO. "We are also seeing continued improvement in private nonresidential construction, our primary demand driver, and a heightened degree of optimism that the slow growth recovery may be gaining momentum. We believe that Insteel is ideally positioned to capitalize on a strengthening market environment through the favorable impact of our ongoing process improvement initiatives together with the ramp up of our world-class manufacturing facilities."

For earnings history and earnings-related data on Insteel Industries, Inc. (IIIN) click here.

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