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Insteel Industries (IIIN)
NYSE:IIIN
Earnings Data
Report Date
Apr 16, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.64Last Year’s EPS
0.52Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a favorable operating performance year-over-year with substantial earnings, margin and price improvements, successful integration of recent acquisitions, continued shareholder returns, and positive demand signals (notably data centers and IIJA-related projects). Offsetting these positives are near-term liquidity and working-capital pressures from elevated inventories due to offshore raw material purchases, a sequential margin pull from higher-cost inventory consumption, a large year-over-year swing in operating cash flow, and ongoing supply and tariff uncertainties that could pressure costs and volumes. Management articulated confidence in 2026 while acknowledging these risks and a planned $20 million CapEx program to support growth and efficiency.Company Guidance
Substantial YoY Earnings Improvement
Net earnings rose to $7.276 million ($0.39 per share) versus $1.1 million ($0.06 per share) in the prior-year quarter — EPS up approximately 550% year-over-year. Management noted last year's quarter included $1.0 million of restructuring and acquisition-related charges that reduced EPS by ~$0.04.
Shipment Growth
First-quarter shipments increased 3.8% year-over-year despite seasonally soft quarter (Q1 is typically weakest due to winter/holidays); sequential shipments declined 9.7% from Q4 in line with normal seasonality.
Selling Price Gains
Average selling prices increased 18.8% year-over-year (sequentially essentially unchanged from Q4). Management implemented additional price increases that took effect in January to offset rising scrap/wire rod costs.
Improved Gross Profit and Margin (YoY)
Gross profit rose to $18.1 million from $9.5 million a year ago. Gross margin expanded by 400 basis points to 11.3% from 7.3%, driven by wider spreads, higher volumes, and lower unit manufacturing costs.
SG&A Discipline and Leverage
SG&A increased by ~$0.9 million to $8.8 million (5.5% of net sales) vs $7.9 million (6.1% of net sales) prior year — SG&A growth (<11%) trailed sales growth (~23%), reflecting operating leverage; part of the increase was a ~$0.8 million rise in incentive compensation tied to stronger results.
Capital Return to Shareholders
Returned $19.4 million via a $1.00 per share special cash dividend (in addition to the regular dividend) in December and repurchased ~$745,000 of common stock (~24,000 shares) during the quarter.
Solid Liquidity Position
Ended the quarter with $15.6 million in cash and no borrowings on a $100 million revolving credit facility. Q1 capital expenditures were $1.5 million with a full-year CapEx target of $20 million to support growth and cost reduction.
Encouraging Market Signals and Demand Drivers
Management highlighted strength from data center construction and IIJA-funded projects. Dodge Momentum Index showed a 7% increase in December and DMI was up >50% year-over-year (commercial segment +45%). Management reported brisk order entry into January and that 2026 is expected to be a strong year.
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 |
|---|---|---|---|
Jan 15, 2026 | $33.70 | $32.20 | -4.45% |
Oct 16, 2025 | $36.32 | $29.33 | -19.23% |
Jul 17, 2025 | $37.24 | $34.88 | -6.33% |
Apr 17, 2025 | $25.81 | $29.37 | +13.81% |
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 Apr 16, 2026, Before Open (Confirmed).
What is Insteel Industries (IIIN) earnings time?
Insteel Industries (IIIN) earnings time is at Apr 16, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is IIIN EPS forecast?
IIIN EPS forecast for the fiscal quarter 2026 (Q2) is 0.64.