Insteel industries reports q1 earnings per share of $0.03

Insteel industries reports first quarter 2020 results.q1 earnings per share $0.03.q1 sales fell 6.3 percent to $97.6 million.insteel's results for q1 of fiscal 2020 continued to be adversely affected by low-priced import competition.looking ahead to remainder of fiscal 2020, should benefit from continued growth in infrastructure construction.insteel industries - for remainder of fiscal 2020, expect to make significant progress on our primary organic growth initiative.insteel industries - imports remained at elevated levels in certain of co's markets during quarter.insteel industries- ended quarter debt-free with $67.1 million of cash and no borrowings outstanding on its $100.0 million revolving credit facility.
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