Insteel Industries Q4 net earnings fall to $7.7 million as sales rise 17.9%
Insteel Industries reported fourth-quarter fiscal 2026 net sales up 17.9% to $209.3 million, driven by higher average selling prices and shipments that benefited from an extra week. Net earnings fell to $7.7 million, or $0.40 per share, from $14.6 million, or $0.74 per diluted share, as gross margin contracted to 10.0% from 16.1% on higher raw material and freight costs. For shareholders, higher sales were offset by weaker profit, and the company ended the year with no debt.
Key points
- Q4 net sales rose 17.9% to $209.3 million from $177.4 million a year earlier
- Q4 net earnings were $7.7 million, or $0.40 per share, versus $14.6 million, or $0.74 per diluted share, a year earlier
- Q4 gross margin was 10.0% versus 16.1%; the quarter included $0.7 million in restructuring charges tied to consolidating welded wire operations
- Fiscal 2026 net earnings were $29.5 million, or $1.51 per diluted share, versus $41.0 million, or $2.10, in fiscal 2025; no debt outstanding and $37.5 million in cash as of October 3, 2026
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 22, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.