Brief: Insteel Industries Reports Q4 Earnings Per Share $0.49

Insteel Industries

18/10/2018 11:39

Oct 18 (Reuters) - Insteel Industries Inc  IIIN.O :
    * INSTEEL INDUSTRIES REPORTS FOURTH QUARTER AND FISCAL 2018
FINANCIAL RESULTS
    * Q4 EARNINGS PER SHARE $0.49
    * Q4 SALES ROSE 25.3 PERCENT TO $121.4 MILLION
    * Q4 EARNINGS PER SHARE VIEW $0.56, REVENUE VIEW $130.4
MILLION --
THOMSON REUTERS I/B/E/S
    * FOR FISCAL 2019, THE OUTLOOK FOR MARKETS REMAINS POSITIVE
    * INSTEEL INDUSTRIES- EXPECT SURGE IN LOW-PRICED IMPORT
COMPETITION THAT RESULTS IN MARKET SHARE EROSION AND MARGIN
COMPRESSION FOR DOMESTIC PRODUCERS
    * INSTEEL- ENGAGED WITH ADMINISTRATION, CONGRESS TO ARRIVE
AT
SOLUTION ADDRESSING UNSUSTAINABLE COMPETITIVE ENVIRONMENT IN
WAKE OF TARIFF PROGRAM
    * INSTEEL INDUSTRIES - SEES FY 2019 CAPITAL OUTLAYS TO TOTAL
UP TO
$22 MILLION PRIMARILY FOCUSED ON COST, PRODUCTIVITY IMPROVEMENT
INITIATIVES

Source text for Eikon:  ID:nPn3t0zK3a 
Further company coverage:  IIIN.O 

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