Brief: Insteel Industries Reports Q3 EPS $0.34

Insteel Industries

16/07/2020 13:32

July 16 (Reuters) - Insteel Industries Inc  IIIN.O :
    * INSTEEL INDUSTRIES REPORTS THIRD QUARTER 2020 RESULTS
    * Q3 EARNINGS PER SHARE $0.34
    * Q3 SALES FELL 3.4 PERCENT TO $122 MILLION
    * EXPECT Q4 TO REMAIN STRONG
    * PARTICULARLY CONCERNED ABOUT POTENTIAL IMPACT OF FUTURE
FUNDING
CONSTRAINTS ON INFRASTRUCTURE PROJECTS
    * INSTEEL INDUSTRIES - PARTICULARLY CONCERNED ABOUT
UNCERTAIN
ECONOMIC ENVIRONMENT ON ACTIVITY IN PRIVATE NON-RESIDENTIAL
CONSTRUCTION MARKET
    * INSTEEL INDUSTRIES - EXPECT THAT CO'S MARKETS SUSCEPTIBLE
TO
IMPORT COMPETITION WILL CONTINUE TO BE UNFAVORABLY IMPACTED BY
PRICING PRESSURE

Source text for Eikon:  ID:nPn7x33z9a 
Further company coverage:  IIIN.O 

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