21
Oct
20:41
Insteel's yearly earnings rise, despite supply challenges
US wire rod manufacturer Insteel Industries' earnings rose both quarterly and yearly in its fiscal fourth quarter, despite the company facing supply constraints, Kallanish understands.
In its fourth quarter ending 2 October, Insteel earned $25.2 million on sales of $171.3m, which is up from earnings totaling $7.43m on sales of $138.2m in the same period of last year. Year-to-date, Insteel has earned $66.6m on sales of $590.6m, which is up from earnin…
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Very good overview of the weekly steel market.
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