INSTEEL INDUSTRIES (IIIN) Company Report

In Q1 2026, Insteel Industries Inc. reported Earnings Per Share of $0.39.
As of December 27, 2025, the company maintained a strong financial position, being debt-free with $15.6 million in cash.
The company paid a regular quarterly cash dividend of $0.03 per share and a special cash dividend of $1.00 per share in December 2025.
For fiscal 2026, Insteel anticipates capital expenditures of up to approximately $20.0 million and expects strong performance, driven by nonresidential construction, while noting concerns about steel price premiums and import competition impacting about 10% of revenues.

Jan 15, 2026, 3:00 PM

Presentation

Insteel Industries Reports Strong Q1 2026 Results and Positive Outlook

IIIN

Earnings

Dividends

Share Buyback

Insteel Industries reported a strong start to fiscal Q1 2026, with net earnings rising to $0.39 per share compared to $0.06 per share in the prior year, driven by a 3.8% year-over-year increase in shipments and an 18.8% increase in average selling prices.
Gross profit improved to $18.1 million from $9.5 million a year ago, with gross margin expanding to 11.3% from 7.3%, benefiting from widening spreads, higher shipment volumes, and lower unit manufacturing costs.
The company is encouraged by market optimism and brisk order entry, believing 2026 will be a strong year, with demand supported by Infrastructure Investment and Jobs Act (IIJA) funding and the data center construction boom.
Operational challenges include domestic wire rod supply constraints, which necessitated offshore purchases and contributed to a $34.5 million increase in inventories during the quarter.
In Q1 2026, Insteel returned $19.4 million to shareholders through a $1 per share special cash dividend and repurchased $745,000 of common equity, while also committing to a $20 million capital expenditure target for the full year.

Jan 15, 2026, 3:00 PM

Transcript

Insteel Industries Reports Strong Q1 2026 Results and Positive Outlook

IIIN

Earnings

Guidance Update

New Projects/Investments

Insteel Industries reported a strong Q1 2026, with net earnings rising to $0.39 per share from $0.06 per share in the prior year, driven by a 3.8% year-over-year increase in shipments and an 18.8% rise in average selling prices. Gross profit improved to $18.1 million, and gross margin expanded 400 basis points to 11.3%.
The company anticipates 2026 to be a strong year, supported by continued business activity, brisk order entry, and robust demand from Infrastructure Investment and Jobs Act (IIJA) funding and the data center construction boom, with commitments for data center projects extending through calendar 2026.
Due to domestic wire rod supply constraints, Insteel is importing raw materials, which led to a $34.5 million increase in inventories and a $16.6 million use of cash in net working capital during Q1 2026. Inventory levels are expected to moderate in Q2.
In December, Insteel returned $19.4 million to shareholders through a $1 per share special cash dividend and repurchased $745,000 of common equity. The company plans to invest approximately $20 million in capital expenditures for 2026.

Jan 15, 2026, 3:00 PM

Transcript

Insteel Industries Reports Strong Q1 2026 Earnings and Positive Outlook

IIIN

Earnings

Guidance Update

Dividends

Insteel Industries reported a strong start to the year with Q1 2026 net earnings rising to $7.6 million or $0.39 per share from $1.1 million or $0.06 per share in the prior year, driven by a 3.8% increase in shipments and an 18.8% increase in average selling prices. Gross profit improved to $18.1 million with a gross margin of 11.3%.
Management is optimistic about 2026 being a strong year, citing continued business activity and brisk order entry in January. Price increases implemented in January are expected to benefit second-quarter spreads and margins.
Key demand drivers include Infrastructure Investment and Jobs Act (IIJA) funding and the data center construction boom, with data center projects committed through calendar 2026. The company plans to continue importing raw materials due to domestic supply constraints, which has increased net working capital.
The company returned $19.4 million to shareholders through a special cash dividend and repurchased $745,000 of common equity. It ended the quarter with $15.6 million in cash and no borrowings on its revolving credit facility, while maintaining a $20 million capital expenditure target for 2026.

Jan 15, 2026, 3:00 PM

Transcript

Insteel Industries Reports Strong Q1 Fiscal 2026 Results

IIIN

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

Insteel Industries reported net sales of $159.9 million and net earnings of approximately $7.6 million ($0.39 per share) for the first quarter of fiscal 2026 (ended Dec. 27, 2025), driven by an 18.8% increase in average selling prices and a 3.8% rise in shipments year-over-year.
Gross profit expanded to $18.1 million, and gross margin improved year-over-year to 11.3%, although margins declined sequentially due to the consumption of higher-cost inventories.
The company's performance was supported by resilient demand in infrastructure and nonresidential commercial construction, recent acquisitions, and operational consolidations.
Insteel faces industry headwinds including Section 232-related wire rod tightness, elevated raw material, labor, and energy costs, rising inventories, and increased import competition, which have led to a more than $50 million increase in net working capital over the last 12 months.
Despite these pressures, management reports positive customer sentiment and expects solid opportunities in 2026, supported by recent investments and a more favorable interest-rate backdrop.

Jan 15, 2026, 11:37 AM

Morningstar

Insteel Industries Inc. Reports First Quarter 2026 Results

IIIN

Earnings

Dividends

Guidance Update

Insteel Industries Inc. reported net sales of $159.9 million and net income of $7.6 million, or $0.39 per share, for the first quarter of fiscal 2026, ended December 27, 2025.
The company paid a special cash dividend totaling $19.4 million, or $1.00 per share, on December 12, 2025.
As of December 27, 2025, Insteel maintained a net cash balance of $15.6 million and had no debt outstanding.
The company's first quarter results were driven by stronger demand for concrete reinforcement products, which supported wider spreads between selling prices and raw material costs, and the outlook for 2026 is optimistic.

Jan 15, 2026, 11:30 AM

8-K

Insteel Industries Reports Strong First Quarter 2026 Results

IIIN

Earnings

Dividends

Guidance Update

Insteel Industries reported net sales of $159.9 million for the first quarter of fiscal 2026, marking a 23.3% increase from the prior year quarter.
Net income for Q1 2026 rose to $7.6 million, or $0.39 per share, compared to $1.1 million, or $0.06 per share, in the prior year quarter.
The company maintained a strong financial position with a net cash balance of $15.6 million and no debt outstanding as of December 27, 2025.
A special cash dividend of $1.00 per share, totaling $19.4 million, was paid during the quarter.
Capital outlays for fiscal 2026 are expected to total up to approximately $20.0 million, primarily for cost and productivity improvement initiatives.

Jan 15, 2026, 11:30 AM

Press Release

First Atlantic Nickel to Highlight Pipestone XL Project at North American Stainless & Special Alloys Conference

IIIN

New Projects/Investments

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.