Commenting on the outlook for the remainder of 2011, Mr HO Woltz III president & CEO of Insteel said that "As we head into the second half of the calendar year, we expect demand in our construction end-markets to remain at depressed levels pending a sustained recovery in the private sector and increased availability of credit for project financing."

He added that "The outlook for infrastructure construction is clouded by the uncertainty regarding the duration and magnitude of a new federal transportation funding authorization and the fiscal constraints at the state and local level. During the interim, we expect market conditions to remain intensively competitive, although our financial results should be favorably impacted by increasing contributions from the Ivy acquisition and our ongoing process improvement initiatives."

Mr HO Woltz said that "In addition, our strong balance sheet and financial flexibility position us to pursue additional acquisition opportunities in our core businesses that further our market penetration or expand our geographic footprint."