Insteel Industries (IIIN) Tops Q3 EPS by 19c; Guides Q4, FY17

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Go back to Insteel Industries (IIIN) Tops Q3 EPS by 19c; Guides Q4, FY17

Insteel Industries Reports Third Quarter Financial Results

July 21, 2016 6:30 AM EDT

MOUNT AIRY, N.C., July 21, 2016 /PRNewswire/ -- Insteel Industries, Inc. (NasdaqGS: IIIN) today announced financial results for its third quarter ended July 2, 2016.

Third Quarter 2016 Results

Net earnings for the third quarter of fiscal 2016 increased to $13.5 million, or $0.71 per diluted share from $5.4 million, or $0.29 per share in the same period a year ago. Net sales decreased 1.2% to $115.6 million from $117.0 million in the prior year quarter, reflecting a 9.8% increase in shipments offset by a 10.0% decrease in average... More