Insteel Industries (IIIN) Tops Q4 EPS by 34c

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Go back to Insteel Industries (IIIN) Tops Q4 EPS by 34c

Insteel Industries Reports Fourth Quarter and Fiscal 2021 Results

October 21, 2021 6:30 AM EDT

MOUNT AIRY, N.C.--(BUSINESS WIRE)-- Insteel Industries Inc. (NYSE: IIIN) today announced record financial results for its fourth quarter and fiscal year ended October 2, 2021.

Fourth Quarter 2021 Results

Net earnings for the fourth quarter of fiscal 2021, which represented the highest level on record for the Company, were $25.2 million, or $1.28 per diluted share, compared to $7.4 million, or $0.38 per share, in the same period a year ago. Insteels fourth quarter results benefitted from widening spreads between selling prices and raw material costs relative to the prior... More