Insteel industries reports third quarter 2023 results

Mount airy, n.c.--(business wire)--insteel industries inc. (nyse: iiin) today announced financial results for its third quarter ended july 1, 2023. third quarter 2023 results net earnings for the third quarter of fiscal 2023 decreased to $10.6 million, or $0.54 per share, from $38.6 million, or $1.96 per diluted share, for the same period a year ago. the record third quarter financial performance of the prior year was driven by supply shortfalls and inflated average selling prices, a condition.
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