INSTEEL INDUSTRIES (IIIN) Company Report

First Atlantic Nickel Corp. is participating in the North American Stainless & Special Alloys Conference 2025 to showcase its Pipestone XL Nickel Alloy Project.
The project features the first large-scale drilled awaruite discovery in Atlantic North America, containing approximately 77% nickel and significant chromium mineralization.
Its unique smelter-free processing method, utilizing magnetic separation and flotation, aims to reduce environmental impact and establish a secure North American supply chain for critical minerals like nickel, chromium, and cobalt.
Recent Phase 2X drilling results include an intersection of 480 meters of continuous mineralization averaging 0.12% DTR nickel, with approximately 3 kilometers of drill core averaging 1.30% nickel in magnetic concentrate.

Nov 6, 2025, 12:01 PM

Press Release

Insteel Industries Reports Strong Q4 2025 Performance Amidst Mixed Market Conditions

IIIN

Earnings

Guidance Update

Demand Weakening

In Q4 2025, Insteel Industries reported net earnings of $14.6 million, or $0.74 per diluted share, with shipment volumes increasing 9.8% year over year and average selling prices rising 20.3% year over year. The company's gross margin improved by 700 basis points to 16.1%.
The company ended Q4 2025 with $38.6 million cash on hand and was debt-free. In fiscal 2025, Insteel returned $24 million to shareholders through dividends and share repurchases, including a $1 per share special cash dividend.
Demand in non-residential construction markets remains strong, driven by areas like data center development and infrastructure projects, while residential construction continues to lag and is a headwind, representing approximately 15% of the company's revenues.
Supply constraints for steel wire rod eased, allowing for increased production and inventory rebuilding, with Q4 inventory representing 3.5 months of shipments. However, the consumption of higher cost materials in inventory could lead to margin compression during Q1 2026.
For fiscal 2026, capital expenditures are projected to total $20 million, aimed at broadening product offerings, reducing production costs, and enhancing information systems.

Oct 16, 2025, 2:00 PM

Transcript

Insteel Industries Inc. Reports Q4 and Full-Year 2025 Earnings and Provides Fiscal 2026 Outlook

IIIN

Earnings

Dividends

Share Buyback

Insteel Industries Inc. reported Q4 2025 Earnings Per Share of $0.74 and annual Earnings Per Share of $2.10 for fiscal year 2025.
As of September 27, 2025, the company was debt-free with $38.6 million of cash. In fiscal year 2025, Insteel generated $303.1 million in cash from operating activities , paid a regular quarterly cash dividend of $0.03 per share , and a special cash dividend of $1.00 per share in December 2024. The company also repurchased $2.3 million of common stock in FY 2025 and has $17.1 million remaining available under its share repurchase program.
The company maintains a cautiously optimistic outlook for fiscal 2026, supported by operational improvements, recovering raw material availability, contributions from recent acquisitions, and strong public nonresidential construction activity, with expected capital expenditures of up to $20.0 million.

Oct 16, 2025, 2:00 PM

Presentation

Insteel Industries Reports Strong Q4 2025 Performance and Provides Fiscal 2026 Outlook

IIIN

Earnings

Guidance Update

Dividends

Insteel Industries reported significantly increased net earnings of $14.6 million, or $0.74 per diluted share, for Q4 2025, compared to $4.7 million, or $0.24 per diluted share, in the prior year period.
The company saw quarterly shipments rise 9.8% year over year and average selling prices increase 20.3% year over year, leading to a 700 basis point improvement in gross margin to 16.1%.
While supply constraints for steel wire rod eased, residential construction remains a headwind, and the company anticipates potential margin compression in Q1 2026 due to the consumption of higher-cost inventory. Despite this, management expects business conditions to remain robust into calendar 2026.
In fiscal 2025, $24 million was returned to shareholders through dividends and share repurchases, and the company ended Q4 2025 with $38.6 million cash on hand and no debt. Fiscal 2026 capital expenditures are projected to be $20 million.

Oct 16, 2025, 2:00 PM

Transcript

Insteel Industries Reports Q4 Fiscal 2025 Results

IIIN

Earnings

Revenue Acceleration/Inflection

Guidance Update

Insteel Industries reported a 32.1% year-over-year revenue increase to $177.4 million for the fourth quarter of fiscal 2025, driven by a 20.3% rise in average selling prices and a 9.8% increase in shipment volumes.
Despite strong revenue growth, the company missed analyst earnings per share expectations, reporting $0.74 versus the anticipated $0.79, though net earnings significantly rose from $4.7 million to $14.6 million year-over-year.
Insteel improved its gross margin to 16.1% from 9.1% and operating margin to 10.7%, maintaining a solid financial position with $38.6 million in cash and no debt.
Free cash flow for the quarter was negative $18.73 million, a decline from positive $14.54 million in the prior year, and management noted raw material sourcing challenges that constrained production earlier in the quarter.
Management expressed cautious optimism for fiscal 2026, planning capital expenditures of up to approximately $20 million, with analysts expecting 15.5% revenue growth over the next 12 months.

Oct 16, 2025, 11:39 AM

Morningstar

Insteel Industries Inc. Reports Fourth Quarter and Fiscal Year 2025 Results

IIIN

Earnings

Guidance Update

Revenue Acceleration/Inflection

Insteel Industries Inc. (IIIN) reported net earnings of $14.6 million, or $0.74 per diluted share, on net sales of $177.4 million for the fourth quarter of fiscal 2025.
For the full fiscal year 2025, the company achieved net earnings of $41.0 million, or $2.10 per diluted share, with net sales reaching $647.7 million.
The company maintained a strong liquidity position, ending the fourth quarter of fiscal 2025 with a net cash balance of $38.6 million and no debt outstanding.
Management provided a cautiously optimistic outlook for fiscal 2026, anticipating capital expenditures of up to approximately $20.0 million.

Oct 16, 2025, 10:30 AM

8-K

Insteel Industries Reports Fourth Quarter and Fiscal Year 2025 Results

IIIN

Earnings

Guidance Update

In the fourth quarter of fiscal 2025, Insteel Industries reported net earnings of $14.6 million, or $0.74 per diluted share, on net sales of $177.4 million, with a gross profit of $28.6 million and a 16.1% gross margin.
For the full fiscal year 2025, the company achieved net earnings of $41.0 million, or $2.10 per diluted share, with net sales reaching $647.7 million and a gross profit of $93.4 million.
As of September 27, 2025, Insteel maintained a strong liquidity position with a net cash balance of $38.6 million and no debt outstanding. Operating activities used $17.0 million of cash in the fourth quarter but generated $27.2 million for the full fiscal year 2025.
The company expects fiscal 2026 capital expenditures to total up to approximately $20.0 million and remains "cautiously optimistic" about the 2026 outlook, despite monitoring broader macroeconomic conditions.

Oct 16, 2025, 10:30 AM

Press Release

Insteel Industries Inc. Reports Q3 2025 Results and Business Outlook

IIIN

Earnings

Dividends

Share Buyback

Insteel Industries Inc. reported Q3 2025 Earnings Per Share of $0.78.
The company was debt-free with $53.7 million of cash as of June 28, 2025.
IIIN maintains a regular quarterly cash dividend of $0.03 per share and paid a special cash dividend of $1.00 per share in December 2024.
The company has repurchased $2.0 million of common stock year-to-date fiscal 2025, with $17.4 million remaining under its current share repurchase program.
Management expressed confidence in the business outlook for Q4 fiscal 2025, anticipating increased shipments and improved operating rates, supported by a strong outlook for public nonresidential construction.

Jul 17, 2025, 2:00 PM

Presentation

[Insteel Industries Inc Q2 2025 Earnings & Financial Update]

IIIN

Earnings

Guidance Update

Share Buyback

Revenue Acceleration/Inflection

Q2 2025 Financial Performance: Reported net earnings of $10.2 million, EPS of $0.52, and net sales of $160.7 million .
Gross Profit & Margin Improvement: Achieved $24.5 million in gross profit with margins expanding to 15.3% (up from 12.3%), despite restructuring and acquisition-related costs .
Robust Revenue Growth: Shipment volumes increased by 28.9% YoY and 17.9% sequentially, driven by higher production volumes and significant cost reductions .
Solid Liquidity & Capital Allocation: Remains debt-free with $28.4 million in cash, supporting a disciplined strategy including regular dividends and active share repurchase .
Market & Operational Outlook: Optimistic sentiment propelled by seasonal construction recovery, recent acquisitions, and the favorable impact of the Section 232 tariff extension on PC strand products .
Core Operations: Focus on manufacturing steel wire reinforcing products, particularly Welded Wire Reinforcement (WWR) and PC Strand, primarily serving the U.S. market .

Apr 17, 2025, 2:00 PM

Transcript Presentation 8-K

Insteel Industries Inc Approves 2025 Equity Incentive Plan at Annual Meeting

IIIN

Proxy Vote Outcomes

Executive Compensation

Auditor Change

The company held its 2025 Annual Meeting on February 11, 2025, where shareholders approved the 2025 Equity Incentive Plan designed to grant various types of awards over a ten-year period, with an effective date of February 11, 2025 and awards available until February 10, 2035.
Shareholders also voted on key matters including the election of three directors, an advisory vote on executive officer compensation, and the ratification of Grant Thornton LLP as the independent public accounting firm, demonstrating broad shareholder support.
The 2025 Plan sets limits of up to 800,000 shares for awards overall and 600,000 shares specifically for incentive options, with further provisions incorporating adjustments from the earlier 2015 Equity Incentive Plan.