Insteel Industries Reports Q2 Earnings and Market Position
Insteel Industries (NYSE:IIIN) reported Q2 earnings of $0.27 per share, down from $0.52 in the prior year, but revenue increased to $172.7 million. The company attributes the decline in earnings to cold weather impacting operations and project delays, though it remains optimistic about its market position and lack of competition from imports.
Tickers: $IIIN
Topics: Earnings Inflation Market Position Revenue Steel Industry Supply Chain