Earnings ·
Insteel Industries Inc. reported third quarter fiscal 2026 financial results for the period ended June 27, 2026
IIINInsteel Industries Inc
Insteel Industries Inc. reported third quarter fiscal 2026 financial results for the period ended June 27, 2026. Net earnings were $9.0 million, or $0.46 per share, compared to $15.2 million, or $0.78 per share, in the prior year quarter. Net sales increased 9.9% to $197.7 million from $179.9 million. Gross profit declined to $20.1 million, representing a 10.2% margin, down from 17.1% in the prior year due to inflationary cost pressures. The company maintains a debt-free balance sheet with $22.9 million in cash. Insteel Industries Inc. is a manufacturer of steel wire reinforcing products for concrete construction applications.