IIIN earnings analysis
What we found in IIIN's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
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.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Growth
- Insteel reported revenue of $197.7 million, up 9.9% from $179.9 million in Q3 2025.
- EPS Decline
- EPS came in at $0.46, down from $0.78 in the same quarter last year.
- Cost Management
- SG&A expenses decreased to $8.5 million from $10.6 million year-over-year, a reduction of 19.7%.
- 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.
- Increased Capital Expenditures
- Capex increased to $9.1 million compared to $6.5 million in the prior year.
- Solid Revenue Performance
- First nine months revenue reached $530.2 million, reflecting a 12.8% increase from $470.3 million.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Net Income Pressure
- Net earnings dropped to $9.0 million from $15.2 million year-over-year, reflecting a decline of 40.5%.
- Increased Raw Material Costs
- Material costs rose significantly, contributing to gross profit decline to $20.1 million from $30.8 million.
- Declining Gross Margins
- Gross margins fell to 10.2% from 17.1% year-over-year due to cost pressures.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.46
- Gross margin
- 10.2%
What they said about what is next.
Revised capital expenditure guidance to approximately $15 million from $20 million.
The filing reads about the same as the one before it.
What came before.
- 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.…
- 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. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
Read the next one first.
We read every filing IIIN makes the day it lands, and put it next to what the options market did about it. Members get both, and an alert when a filing arrives.
Cancel anytime · Month to month · Switch tiers whenever