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INSTEEL INDUSTRIES : Management's Discussion and Analysis of Financial Condition and Results of Operations (form 10-Q)

INSTEEL INDUSTRIES : Management's Discussion and Analysis of Financial Condition and Results of Operations (form 10-Q)
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Insteel reports revenue, profit are up

March 07, 2021
April Croston, FNP-C, has joined the clinical team of Northern Urgent Care, a division of Northern Regional Hospital. As a family nurse practitioner, the 34-year-old healthcare provider diagnoses and treats patients for a variety of non-emergency conditions that are most appropriately treated in an urgent-care setting.
“I’m excited to be part of Northern Urgent Care because it’s meeting a great need for the health of the community,” said Croston, who was raised and lives in Mount Airy. For the past four months, Croston and her colleagues have been meeting that need by treating a steady flow of patients. ....

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Insteel Industries Reports First Quarter 2021 Results

Insteel Industries Reports First Quarter 2021 Results
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MOUNT AIRY, N.C., Jan. 21, 2021 /PRNewswire/ Insteel Industries, Inc. (NasdaqGS: IIIN) today announced financial results for its first quarter ended January 2, 2021.
First Quarter 2021 Results
Insteel s first quarter results benefitted from robust demand as construction activity remained strong across its markets. Net earnings increased to $8.1 million, or $0.42 per share, from $0.6 million, or $0.03 per share, in the same period a year ago.
Net sales increased 22.6% to $119.6 million from $97.6 million in the prior year quarter driven primarily by a 21.6% increase in shipments in addition to a 1.0% increase in average selling prices. On a sequential basis, shipments decreased 15.2% from the fourth quarter of fiscal 2020 reflecting the usual seasonal slowdown while average selling prices increased 2.0%. ....

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