U.S. Markets closed

Insteel Industries: Fiscal 1Q Earnings Snapshot

MOUNT AIRY, N.C. (AP) _ Insteel Industries Inc. (IIIN) on Thursday reported fiscal first-quarter net income of $555,000.

On a per-share basis, the Mount Airy, North Carolina-based company said it had profit of 3 cents.

The maker of steel wire reinforcing for the concrete and construction industry posted revenue of $97.6 million in the period.

Insteel Industries shares have increased roughly 1% since the beginning of the year. The stock has dropped 12% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IIIN at https://www.zacks.com/ap/IIIN