Insteel Industries Inc. (IIIN) announced a decline in profit for the fourth quarter compared to the same period in the previous year. The company reported a net income of $4.67 million, or $0.24 per share, in contrast to $5.63 million, or $0.29 per share, recorded during last year's fourth quarter. Additionally, quarterly revenue experienced a decrease of 14.7%, falling to $134.30 million from $157.52 million the previous year.
Summary of Insteel Industries Inc.'s Financial Performance (GAAP) for Q4:
- Net Income: $4.67 million compared to $5.63 million in the prior year.
- Earnings Per Share (EPS): $0.24, down from $0.29 last year.
- Revenue: $134.30 million, a decrease from $157.52 million the previous year.
