19
Jan
16:54
Insteel earnings suffer due to constricted margins
Margin compression bit into US wire producer Insteel’s fiscal first-quarter earnings, Kallanish learns from the company’s earnings review.
Insteel posted a net profit of $4.5 million on sales of $93.9m during the quarter, down from a profit of $6.7m on sales of $92.4m in the equivalent quarter last year.
“Insteel's first-quarter results were unfavorably impacted by narrower spreads between selling prices and raw material costs, which wer…
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Anonymous
Very good overview of the weekly steel market.
Anonymous