Insteel Industries Reports Third Quarter 2026 Results
Insteel reported Q3 fiscal 2026 net sales of $197.7 million, up 9.9% year-over-year, driven by higher average selling prices and increased shipment volumes. Despite the revenue growth, net earnings fell 41% to $9.0 million as gross margin narrowed to 10.2% due to inflationary pressures across the cost structure.
Key figures
- Eps
- 0.46
- Revenue
- 197700000
- Guidance
- Fiscal 2026 Capex expected to total approx $15.0M, down from $20.0M
- Revenue Yoy
- 9.9%
- Buyback cost
- 1900000
- Cash balance
- 22900000
- Gross margin
- 10.2%
- Gross profit
- 20100000
- Buyback shares
- 75000
AI analysis
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