INSTEEL INDUSTRIES INC
Business
Insteel Industries Inc. is the nation's largest manufacturer of steel wire reinforcing products for concrete construction applications. The company produces prestressed concrete strand (PC strand) and welded wire reinforcement (WWR), including engineered strand mesh, concrete pipe reinforcement and standard welded wire reinforcement. Products are sold primarily to manufacturers of concrete products used in nonresidential and residential construction through a national distribution network via employee sales representatives and truck delivery. The company operates eleven U.S. manufacturing facilities and has two wholly-owned subsidiaries.
Summary from 10-K filed 2025-10-23
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-09-30 | FY 2024 2024-09-30 | FY 2023 2023-09-30 | FY 2022 2022-09-30 | FY 2021 2021-09-30 |
|---|---|---|---|---|---|---|
| Net sales | 648 | 529 | 649 | 827 | 591 | |
| Cost of sales | 554 | 480 | 584 | 630 | 469 | |
| Gross profit | 93 | 50 | 65 | 197 | 122 | |
| Selling, general and administrative expense | 39 | 30 | 31 | 36 | 32 | |
| Restructuring charges, net | 2 | 0 | 0 | — | 3 | |
| Acquisition costs | 325,000 | 61,000 | 0 | 0 | 0 | |
| Other expense (income), net | 17,000 | 37,000 | −3 | 88,000 | 114,000 | |
| Interest expense | 52,000 | 89,000 | 87,000 | 91,000 | 96,000 | |
| Interest income | −2 | −5 | −4 | −326,000 | −21,000 | |
| Earnings before income taxes | 54 | 25 | 42 | 162 | 86 | |
| Income taxes | 13 | 6 | 9 | 37 | 19 | |
| Net earnings | 41 | 19 | 32 | 125 | 67 | |
| Basic (in dollars per share) | 2.11 | 0.99 | 1.66 | 6.41 | 3.44 | |
| Diluted (in dollars per share) | 2.1 | 0.99 | 1.66 | 6.37 | 3.41 | |
| Cash dividends declared (in dollars per share) | 1.12 | 2.62 | 2.12 | 2.12 | 1.62 | |
| Basic (in shares) | 19 | 20 | 20 | 20 | 19 | |
| Diluted (in shares) | 20 | 20 | 20 | 20 | 20 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-09-30 | FY 2024 2024-09-30 | FY 2023 2023-09-30 | FY 2022 2022-09-30 | FY 2021 2021-09-30 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 39 | 112 | 126 | 48 | 90 | |
| Accounts receivable, net | 79 | 58 | 63 | 82 | 68 | |
| Inventories | 138 | 89 | 103 | 198 | 79 | |
| Other current assets | 7 | 9 | 6 | 8 | 10 | |
| Total current assets | 262 | 267 | 299 | 335 | 247 | |
| Property, plant and equipment, net | 129 | 126 | 120 | 108 | 106 | |
| Intangibles, net | 17 | 5 | 6 | 7 | 8 | |
| Goodwill | 38 | 10 | 10 | 10 | 10 | |
| Other assets | 18 | 15 | 13 | 12 | 21 | |
| Total assets | 463 | 423 | 448 | 472 | 391 | |
| Accounts payable | 48 | 37 | 34 | 47 | 49 | |
| Accrued expenses | 18 | 10 | 12 | 16 | 19 | |
| Total current liabilities | 66 | 47 | 46 | 63 | 69 | |
| Other liabilities | 25 | 25 | 20 | 19 | 20 | |
| Preferred stock, no par value Authorized shares: 1,000 None Issued | 0 | 0 | 0 | 0 | 0 | |
| Common stock, $1 stated value Authorized shares: 50,000 Issued and outstanding shares: 2025, 19,420; 2024, 19,452 | 19 | 19 | 19 | 19 | 19 | |
| Additional paid-in capital | 89 | 87 | 84 | 82 | 79 | |
| Retained earnings | 263 | 245 | 279 | 289 | 206 | |
| Accumulated other comprehensive loss | −36,000 | −608,000 | −283,000 | −977,000 | −2 | |
| Total shareholders equity | 372 | 351 | 382 | 390 | 302 | |
| Total liabilities and shareholders equity | 463 | 423 | 448 | 472 | 391 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-09-30 | FY 2024 2024-09-30 | FY 2023 2023-09-30 | FY 2022 2022-09-30 | FY 2021 2021-09-30 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 18 | 15 | 13 | 14 | 15 | |
| Amortization of capitalized financing costs | 50,000 | 50,000 | 57,000 | 65,000 | 65,000 | |
| Stock-based compensation expense | 3 | 3 | 2 | 2 | 2 | |
| Deferred income taxes | −748,000 | 4 | 238,000 | 327,000 | −118,000 | |
| Asset impairment charges | 1 | 0 | 0 | 0 | 1 | |
| Loss (gain) on sale and disposition of property, plant and equipment | 127,000 | 99,000 | −3 | −480,000 | 125,000 | |
| Increase in cash surrender value of life insurance policies over premiums paid | −452,000 | −2 | −531,000 | 0 | −2 | |
| Accounts receivable, net | −20 | 5 | 18 | −14 | −14 | |
| Inventories | −36 | 14 | 94 | −119 | −10 | |
| Accounts payable and accrued expenses | 19 | −639,000 | −17 | −2 | 12 | |
| Other changes | 2 | −1 | 2 | −2 | −900,000 | |
| Total adjustments | −14 | 39 | 110 | −119 | 3 | |
| Net cash provided by operating activities | 27 | 58 | 142 | 6 | 70 | |
| Acquisition of businesses | −72 | 0 | 0 | 0 | 0 | |
| Capital expenditures | −8 | −19 | −31 | −16 | −18 | |
| Increase in cash surrender value of life insurance policies | −581,000 | −517,000 | −476,000 | 1 | −416,000 | |
| Proceeds from sale of assets held for sale | 5 | 0 | 0 | 7 | 79,000 | |
| Proceeds from sale of property, plant, and equipment | 107,000 | 4,000 | 10 | 0 | — | |
| Proceeds from surrender of life insurance policies | 91,000 | 25,000 | 358,000 | 110,000 | 32,000 | |
| Net cash used for investing activities | −76 | −20 | −21 | −6 | −18 | |
| Proceeds from long-term debt | 291,000 | 298,000 | 323,000 | 266,000 | 297,000 | |
| Principal payments on long-term debt | −291,000 | −298,000 | −323,000 | −266,000 | −297,000 | |
| Cash dividends paid | −22 | −51 | −41 | −41 | −31 | |
| Cash received from exercise of stock options | 62,000 | 428,000 | 239,000 | 2 | 1 | |
| Financing costs | 0 | 0 | −177,000 | 0 | 0 | |
| Payment of employee tax withholdings related to net share transactions | −425,000 | −352,000 | −432,000 | −483,000 | −665,000 | |
| Repurchases of common stock | −2 | −2 | −2 | −1 | 0 | |
| Net cash used for financing activities | −24 | −53 | −44 | −41 | −31 | |
| Net (decrease) increase in cash and cash equivalents | −73 | −14 | 77 | −42 | 21 | |
| Income taxes, net | 11 | 3 | 8 | 41 | 17 | |
| Purchases of property, plant and equipment in accounts payable | 2 | 2 | 1 | 946,000 | 501,000 | |
| Restricted stock units and stock options surrendered for withholding taxes payable | 425,000 | 352,000 | 432,000 | 483,000 | 665,000 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is INSTEEL INDUSTRIES INC's CIK number?
INSTEEL INDUSTRIES INC's SEC CIK number is 0000764401 (764401). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find INSTEEL INDUSTRIES INC's SEC filings?
All of INSTEEL INDUSTRIES INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did INSTEEL INDUSTRIES INC last report earnings?
INSTEEL INDUSTRIES INC (IIIN) most recently filed an earnings 8-K with the SEC on Jul 16, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001437749-26-023670). This is INSTEEL INDUSTRIES INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is INSTEEL INDUSTRIES INC's most recent earnings 8-K?
INSTEEL INDUSTRIES INC's latest earnings 8-K (Item 2.02) was filed Jul 16, 2026 under accession 0001437749-26-023670. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
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