Insteel Industries (IIIN) Misses Q2 EPS by 6c; Sees 'Significant Improvement' in FY15 Results

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Go back to Insteel Industries (IIIN) Misses Q2 EPS by 6c; Sees 'Significant Improvement' in FY15 Results

Insteel Industries Reports Second Quarter Financial Results

April 16, 2015 6:30 AM EDT

MOUNT AIRY, N.C., April 16, 2015 /PRNewswire/ -- Insteel Industries, Inc. (NasdaqGS: IIIN) today announced financial results for its second quarter ended March 28, 2015.

Second Quarter 2015 Results

Net earnings for the second quarter of fiscal 2015 fell to $2.5 million, or $0.14 per share from $3.5 million, or $0.19 per share in the same period a year ago. The second quarter results for fiscal 2015 include a $1.6 million net gain from insurance proceeds related to the January 2014 fire at the Gallatin, Tennessee facility and $0.3 million of... More