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Insteel Industries Q3 Net Profit Declines
(RTTNews) - Insteel Industries Inc. (IIIN) announced Thursday that net income for the third quarter declined to $6.57 million or $0.34 per share from $10.57 million or $0.54 per share in the prior-year quarter.
Net sales for the quarter decreased 12.0 percent to $145.78 million from $165.71 million in the same quarter last year.
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Insteel Industries Q4 Profit Plunges
Insteel Industries Inc. (IIIN) announced Thursday that net income for the fourth quarter plunged to $5.6 million or $0.29 per share from $24.3 million or $1.24 per share in the prior-year quarter.
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