Bisco Industries reported revenue, including fasteners, grew 1% to $40.3 million in the third quarter of fiscal 2017, which ended May 31. Operating income fell 23% to $1.9 million, with net income declining 21% to $1.3 million and gross margin was down 1.8% to $11.5 million.

Revenue during the first nine months of fiscal 2017 increased 5.5% to $114.8 million. Operating income dropped 0.3% to $4.3 million, while net income fell 5.7% to $2.9 million and gross margin improved 2.6% to $32.6 million.

Net sales to customers outside the U.S. comprised approximately 9% of total sales for the nine months ended May 31, 2017. Web: biscoind.com