Insteel Industries, Inc. (NYSE:IIIN) will look for acquisitions. Howard Woltz, Chief Executive Officer said, "Insteel continues to be debt-free and has substantial flexibility to make decisions for the long-term best interest of the business. Looking ahead, we are aware of the substantial risks, related to future performance of the U.S. economy, and we're monitoring the environment.

We believe that in addition to elevated interest rates, heightened conservatism among customers that are concerned about the macro environment could be contributing to a slower market recovery. In any event, we're well positioned to aggressively pursue actions to maximize shipments and optimize our costs and to pursue growth opportunities, both organically and through acquisition".