Insteel Industries Inc. on Thursday reported fiscal fourth-quarter earnings of $3.8 million.

The Mount Airy, North Carolina-based company said it had net income of 20 cents per share.

The maker of steel wire reinforcing for the concrete and construction industry posted revenue of $96.9 million in the period.

For the year, the company reported profit of $22.5 million, or $1.17 per share. Revenue was reported as $388.9 million.

Insteel Industries shares have decreased 24 percent since the beginning of the year. The stock has decreased 18 percent in the last 12 months.