Insteel Industries Reports First Quarter 2019 Results

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Go back to Insteel Industries Reports First Quarter 2019 Results

Insteel Industries (IIIN) Reports Q1 EPS of $0.21, Revenues Miss

January 17, 2019 6:33 AM EST

Insteel Industries (NASDAQ: IIIN) reported Q1 EPS of $0.21, versus $0.42 reported last year. Revenue for the quarter came in at $104.1 million versus the consensus estimate of $106.79 million.

Outlook

"Looking ahead to the remainder of fiscal 2019, we expect improved market conditions driven by continued growth in the construction sector and the weather-related deferral of business from the first quarter. We should also benefit from... More