July 20, 2017 / 10:56 AM / a month ago

BRIEF-Insteel Industries reports Q3 financial results

July 20 (Reuters) - Insteel Industries Inc

* Insteel Industries reports third quarter 2017 financial results

* Q3 earnings per share $0.36

* Q3 sales fell 16.2 percent to $96.9 million

* Q3 revenue view $122.4 million -- Thomson Reuters I/B/E/S

* Q3 earnings per share view $0.53 -- Thomson Reuters I/B/E/S

* Insteel Industries Inc qtrly ‍results were unfavorably impacted by lower shipment and production volumes​

* Insteel Industries Inc - capital outlays for fiscal 2017 are expected to total up to $25.0 million

* Insteel Industries - qtrly ‍results unfavorably impacted by narrower spreads between selling prices and raw material costs relative to prior year quarter

* Insteel Industries Inc qtrly shipments decreased 7.5 percent sequentially from Q2 of fiscal 2017 while average selling prices increased 3.5 percent Source text for Eikon: Further company coverage:

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