Insteel Industries Reports Third Quarter 2019 Results

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Go back to Insteel Industries Reports Third Quarter 2019 Results

Insteel Industries (IIIN) Misses Q3 EPS by 19c, Revenues Miss

July 18, 2019 6:31 AM EDT

Insteel Industries (NASDAQ: IIIN) reported Q3 EPS of $0.11, $0.19 worse than the analyst estimate of $0.30. Revenue for the quarter came in at $126.3 million versus the consensus estimate of $128.38 million.

Results for the third quarter of fiscal 2019 were unfavorably impacted by increasing low-priced import competition resulting from the Section 232 tariff on imported steel together with... More