21
Apr
19:18
Insteel looks ahead to construction season, infrastructure projects
A seasonal construction uptick and federal infrastructure projects should bolster wire rod producer Insteel’s business during its fiscal third quarter, Kallanish learns from a company earnings review.
In the quarter ended April, Insteel reported net earnings of $7.2 million on sales of $107.4 million. In fiscal Q2 2015, Insteel posted net earnings of $2.5m on sales of $101.8m.
"Looking ahead to the second half of the fiscal year, we should benefit …
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Anonymous
Very good overview of the weekly steel market.
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