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Insteel Industries: Fiscal 1Q Earnings Snapshot

MOUNT AIRY, N.C. (AP) _ Insteel Industries Inc. (IIIN) on Thursday reported fiscal first-quarter profit of $4.1 million.

On a per-share basis, the Mount Airy, North Carolina-based company said it had net income of 21 cents. Earnings, adjusted for non-recurring gains, were 19 cents per share.

The maker of steel wire reinforcing for the concrete and construction industry posted revenue of $104.1 million in the period.

Insteel Industries shares have risen roughly 1 percent since the beginning of the year. The stock has fallen 16 percent 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