Construction market builds Insteel earnings

Jan 16, 2014 | 02:05 PM | Stacy Irish

Tags  Insteel Industries, wire rod, H.O. Woltz III, earnings report, nonresidential construction, Stacy Irish

NEW YORK — Insteel Industries Inc.’s earnings climbed sharply in its fiscal first quarter due in part to an improving construction market.

The Mount Airy, N.C.-based wire rod producer posted net income of $2.75 million for the three months ended Dec. 28, up 14.4 percent from $2.4 million in the same period a year earlier on sales that inched up 1.5 percent to $87.22 million.....

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