INSTEEL INDUSTRIES INC reported third-quarter 2026 results with revenue rising to $197.66M while net earnings fell to $9.02M and diluted EPS declined to $0.46 versus the year-ago quarter.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$197.66M$179.89M9.9% | Net income²$9.02M$15.16M(40.5%) | Diluted EPS³$0.46$0.78(41%) |
¹ Reported as “Net sales”. ² Reported as “Net earnings”. ³ Reported as “Diluted earnings per share”.
Business Highlights
- Revenue growth of roughly 10% in the quarter (and ~13% year-to-date) was driven by price increases and modest shipment gains, supported by publicly funded infrastructure and commercial data center demand.
- Gross margins and earnings were compressed as higher raw material, freight and operating costs outpaced pricing actions.
- Completed integration of EWP and OWP asset acquisitions, consolidated WWR operations, closed the Warren facility and relocated equipment as part of operational integration.
- Company plans approximately $15M in FY26 capital spending targeted at productivity, expanded ESM capacity and maintenance to reduce costs and support growth.
Original SEC Filing:
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