10-Q · April 16, 2026
Revenue grew year-over-year but profitability and cash generation weakened. Q2 net sales rose to $172,653,000 (+7.5% YoY) while gross margin compressed to 9.56% from 15.27% and diluted EPS fell to $0.27 from $0.52.…
Earnings analysis · 10-Q
IIIN earnings analysis
Filed July 16, 2026 · Our reading of the company's report
The latest report
Insteel Industries exceeded Q3 2026 expectations with revenue of $197.7 million, an increase of 9.9% year-over-year and EPS of $0.46, down from $0.78 due to declining gross profit margins. The company reported increased…
Read full summary
Insteel Industries exceeded Q3 2026 expectations with revenue of $197.7 million, an increase of 9.9% year-over-year and EPS of $0.46, down from $0.78 due to declining gross profit margins. The company reported increased selling prices but faces pressures from rising raw material costs, leading to management revising its capital expenditure guidance down to $15 million.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.46
- Gross margin
- 10.2%
What stood out
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Revenue Growth
Insteel reported revenue of $197.7 million, up 9.9% from $179.9 million in Q3 2025.
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EPS Decline
EPS came in at $0.46, down from $0.78 in the same quarter last year.
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Cost Management
SG&A expenses decreased to $8.5 million from $10.6 million year-over-year, a reduction of 19.7%.
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Cash Flow from Operations
Operating cash flow was $18.0 million for the first nine months, down from $44.2 million in the same period last year.
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Increased Capital Expenditures
Capex increased to $9.1 million compared to $6.5 million in the prior year.
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Solid Revenue Performance
First nine months revenue reached $530.2 million, reflecting a 12.8% increase from $470.3 million.
What to watch
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Net Income Pressure
Net earnings dropped to $9.0 million from $15.2 million year-over-year, reflecting a decline of 40.5%.
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Increased Raw Material Costs
Material costs rose significantly, contributing to gross profit decline to $20.1 million from $30.8 million.
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Declining Gross Margins
Gross margins fell to 10.2% from 17.1% year-over-year due to cost pressures.
Management's outlook
Revised capital expenditure guidance to approximately $15 million from $20 million.
Earlier filings 4
10-K · October 23, 2025
Insteel positions itself as the nation’s largest manufacturer of steel wire reinforcing products with a strategy focused on market leadership, low-cost production and targeted growth through organic investment and…
10-Q · July 17, 2025
Insteel reported a strong quarter: net sales of $179,886 (three months ended June 28, 2025) and diluted EPS of $0.78, both materially above the prior-year quarter. Gross profit expanded to $30,772 (17.1% margin) versus…
10-Q · April 17, 2025
Insteel reported quarter net sales of $160,656,000 (up $33,262,000 or 26.1% versus the prior-year quarter) and diluted EPS of $0.52 (up $0.17 versus $0.35 prior year). Gross profit improved to $24,529,000 (≈15.3%…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.