Insteel Industries Reports Fourth Quarter 2026 Results
Insteel reported Q4 FY2026 net earnings of $7.7 million ($0.40 per share), down from $14.6 million ($0.74) a year ago, on net sales of $209.3 million, up 17.9% YoY. Gross margin compressed to 10.0% from 16.1% as raw material, freight and operating cost inflation outpaced a 6.6% increase in average selling prices; shipments rose 10.6%, aided by an extra week in the fiscal calendar. Fiscal 2026 net earnings were $29.5 million ($1.51 diluted) on $739.5 million of sales, and the company announced consolidation of its welded wire operations, including $0.7 million of Q4 restructuring charges.
Key figures
- Eps
- 0.4
- Revenue
- 209300000
- Guidance
- FY2027 capex expected ~$30.0 million; favorable demand outlook with ESM growth expected to continue through 2027
- Revenue Yoy
- 17.9%
- Cash
- 37500000
- Asp yoy q4
- 6.6%
- Fy27 capex
- $30.0 million
- Fy26 revenue
- 739500000
- Gross margin q4
- 10.0%
- Net earnings q4
- 7700000
- Fy26 eps diluted
- 1.51
- Shipments yoy q4
- 10.6%
- Fy26 gross margin
- 10.2%
- Fy26 net earnings
- 29500000
- Shares repurchased fy26
- 114000
- Gross margin prior year q4
- 16.1%
- Net earnings prior year q4
- 14600000
AI analysis
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