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Insteel Industries: Fiscal 4Q Earnings Snapshot

MOUNT AIRY, N.C. (AP) _ Insteel Industries Inc. (IIIN) on Thursday reported fiscal fourth-quarter earnings of $9.4 million.

The Mount Airy, North Carolina-based company said it had net income of 49 cents per share.

The maker of steel wire reinforcing for the concrete and construction industry posted revenue of $121.4 million in the period.

For the year, the company reported profit of $36.3 million, or $1.88 per share. Revenue was reported as $453.2 million.

Insteel Industries shares have increased 19 percent since the beginning of the year. The stock has risen 24 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