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Stock impact report

Insteel (IIIN) Q2 2026 Earnings Call Transcript [Globe and Mail, The (Toronto, Canada)]

Insteel Industries, Inc. (IIIN) 
US:NASDAQ Investor Relations: investor.insteel.com
President and Chief Executive Officer — H.O. Woltz III Senior Vice President, Chief Financial Officer and Treasurer — Scot R. Jafroodi Operator TAKEAWAYS Net Earnings -- $5.2 million, or $0.27 per diluted share, down from $10.2 million, or $0.52 per diluted share, in the prior-year period. Shipments -- Decreased 5.9% year over year but rose 6.9% sequentially from the first quarter. Average Selling Prices -- Increased 14.2% year over year and 1% sequentially from the first quarter, reflecting pricing actions to offset higher raw material and operating expenses. Gross Profit -- $16.5 million, a decline of $8 million year over year; gross margin narrowed to 9.6%. Operating Cash Flow -- Generated $4.8 million, versus using $3.3 million in the year-ago period, driven by positive working capital changes. Inventory Levels -- Inventory reduced by $13.3 million versus the previous quarter, with quarter-end inventory representing 3.4 months of forward shipments, down from 3.9 Show less Read more
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