Insteel Industries (IIIN) Tops Q4 EPS by 3c

Insteel Industries (NASDAQ: IIIN) reported Q4 EPS of $0.51, $0.03 better than the analyst estimate of $0.48. Revenue for the quarter came in at $118.1 million versus the consensus estimate of $131.14 million.

Insteel's earnings for the current year quarter include $0.3 million of net restructuring recoveries, which increased net earnings per share by $0.01. Insteel's earnings for the prior year quarter include net restructuring charges, acquisition costs and a net gain from insurance proceeds, which, in the aggregate, reduced pre-tax earnings by $0.5 million and net earnings per share by $0.02.

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

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