Insteel Industries (IIIN) Tops Q4 EPS by 34c
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Insteel Industries Reports Fourth Quarter and Fiscal 2021 Results
October 21, 2021 6:30 AM EDTMOUNT 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
