Earnings ·
Insteel Industries reports Q3 net earnings of $9.0M, or $0.46 per share, on sales of $197.7 million
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.