Insteel Industries (IIIN)
NYSE:IIIN
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Earnings Data
Report Date
Jul 16, 2026Before Open (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
0.45Last Year’s EPS
0.78Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presents a balanced picture: material near-term weakness in Q2 driven by severe weather, project delays, rising raw material and freight costs, and margin compression produced a sizable drop in earnings and pressured working capital. Offsetting this, management has implemented meaningful price increases (ASP +14.2% YoY), reported sequential shipment recovery and improving order trends in April, generated positive operating cash flow, reduced SG&A as a percent of sales, maintained strong liquidity with no revolver borrowings, and pointed to favorable inventory carrying values and improving leading indicators (ABI, Dodge Index) that support a gradual margin recovery. Given the significant but potentially transient operational headwinds alongside tangible corrective actions and liquidity, the overall tone is measured and cautiously optimistic.Company Guidance
Average Selling Price Increase
Average selling prices (ASP) rose 14.2% year-over-year and 1.0% sequentially, driven by pricing actions implemented across fiscal 2025 and early fiscal 2026, with an additional price increase implemented in April expected to further benefit realized pricing.
Sequential Shipment Recovery
Shipments increased 6.9% sequentially from Q1 to Q2 and April order activity and shipments are reported as trending above forecasted levels, indicating early signs of recovery following weather-related disruption.
Improved Operating Cash Flow and Liquidity
Operating cash flow provided $4.8 million in the quarter (vs. using $3.3 million in the prior-year period). Quarter-end cash was $15.1 million with no borrowings on the $100 million revolving credit facility, providing ample liquidity and financial flexibility.
SG&A Expense Reduction
SG&A declined to $9.7 million (5.6% of net sales) from $10.8 million (6.7% of net sales) year-over-year, primarily driven by a $1.1 million reduction in incentive compensation.
Inventory and Working Capital Actions
Inventory declined by $13.3 million in the quarter as raw material purchases were scaled back; quarter-end inventory represented ~3.4 months of shipments (down from 3.9 months). Inventories are valued near Q2 cost of sales and favorable to current replacement cost, which should support spreads as prices flow through.
CapEx Discipline and Guidance
Capital expenditures totaled $4.4 million in the quarter ($5.9 million YTD) with management reaffirming a full-year CapEx target of approximately $20 million to support ESM growth, cost reduction, and systems improvements.
Positive Leading Macro Indicators and End-Market Demand
Architectural Billing Index improved to 49.4 (from 43.8) and the Dodge Momentum Index rose 1.8% in March. Management highlighted continued strength in data center construction and modest growth in total construction spending (~1% YoY in January), supporting confidence in demand recovery.
IIIN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
IIIN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 16, 2026 | $36.60 | $28.51 | -22.10% |
Jan 15, 2026 | $33.67 | $32.17 | -4.45% |
Oct 16, 2025 | $36.28 | $29.30 | -19.23% |
Jul 17, 2025 | $37.20 | $34.85 | -6.34% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Insteel Industries (IIIN) report earnings?
Insteel Industries (IIIN) is schdueled to report earning on Jul 16, 2026, Before Open (Confirmed).
What is Insteel Industries (IIIN) earnings time?
Insteel Industries (IIIN) earnings time is at Jul 16, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is IIIN EPS forecast?
IIIN EPS forecast for the fiscal quarter 2026 (Q3) is 0.45.