Edition:
India

Insteel Industries Reports Fourth Quarter And Fiscal 2019 Results


Thursday, 17 Oct 2019 

Oct 17 (Reuters) - Insteel Industries Inc ::INSTEEL INDUSTRIES REPORTS FOURTH QUARTER AND FISCAL 2019 RESULTS.Q4 SALES FELL 6.6 PERCENT TO $113.4 MILLION.Q4 LOSS PER SHARE $0.09.QTRLY CASH FLOW FROM OPERATIONS INCREASED TO $32.5 MILLION FROM $4.1 MILLION IN PRIOR YEAR QUARTER."AS WE MOVE INTO FISCAL 2020, WE EXPECT CONTINUATION OF FAVORABLE CONDITIONS IN OUR CONSTRUCTION END-MARKETS".CAPITAL EXPENDITURES FOR FISCAL 2019 DECREASED TO $10.5 MILLION FROM $18.4 MILLION IN PRIOR YEAR."IMPORT-RELATED HEADWINDS, HOWEVER, ARE EXPECTED TO PERSIST IN OUR PC STRAND AND STANDARD WELDED REINFORCEMENT MARKETS".CAPITAL EXPENDITURES ARE EXPECTED TO TOTAL UP TO $17.0 MILLION IN 2020. 

Company Quote

22.93
 --
12 Dec 2019