Brief: Insteel Industries Reports First Quarter 2023 Results

Insteel Industries

19/01/2023 11:37

Jan 19 (Reuters) - Insteel Industries Inc  IIIN.N :
    * INSTEEL INDUSTRIES REPORTS FIRST QUARTER 2023 RESULTS
    * QTRLY EARNINGS PER SHARE $0.57
    * EXPECT TO BENEFIT FROM INCREMENTAL DEMAND FROM PROJECTS
FUNDED
BY INFRASTRUCTURE INVESTMENT AND JOBS ACT DURING H2 2023
    * EXPECTS Q2 RESULTS TO CONTINUE TO AFFECTED BY CONSUMPTION
OF
HIGHER COST INVENTORIES, WEATHER-RELATED SLOWDOWN IN
CONSTRUCTION ACTIVITY
    * Q1 EARNINGS PER SHARE VIEW $0.85 -- REFINITIV IBES DATA

Source text for Eikon:  ID:nBw2WwK2Ta 
Further company coverage:  IIIN.N 
 ((Reuters.Briefs@thomsonreuters.com;))