Insteel industries reports fourth quarter and fiscal 2023 results

Mount airy, n.c.--(business wire)--insteel industries inc. (nyse: iiin) (“insteel” or the “company), the largest manufacturer of steel wire reinforcing products for concrete construction applications in the united states, today announced financial results for its fourth quarter and fiscal year ended september 30, 2023. fourth quarter 2023 highlights net sales of $157.5 million gross profit of $14.0 million, or 8.9% of net sales net income of $5.6 million, or $0.29 per share operating cash flow.
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