IIIN - Insteel GAAP EPS of $0.54 misses by $0.13 revenue of $165.71M misses by $20.61M
2023-07-20 06:40:31 ET
- Insteel press release ( NYSE: IIIN ): Q3 GAAP EPS of $0.54 misses by $0.13 .
- Revenue of $165.71M (-27.1% Y/Y) misses by $20.61M .
- Net sales decreased 27.1% to $165.7 million from $227.2 million in the prior year quarter, driven by a 24.7% decrease in average selling prices and a 3.2% decline in shipments.
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Insteel GAAP EPS of $0.54 misses by $0.13, revenue of $165.71M misses by $20.61M