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Stock impact report

Insteel Industries Reports Second Quarter 2026 Results

Insteel Industries, Inc. (IIIN) 
US:NASDAQ Investor Relations: investor.insteel.com
Company Research Source: Business Wire
MOUNT AIRY, N.C.--(BUSINESS WIRE)--Insteel Industries Inc. (NYSE: IIIN) (“Insteel” or the “Company”), the largest manufacturer of steel wire reinforcing products for concrete construction applications in the United States, today reported financial results for its second quarter of fiscal 2026, ended March 28, 2026.Second Quarter 2026 HighlightsNet earnings of $5.2 million, or $0.27 per shareNet sales of $172.7 millionGross profit of $16.5 million, or 9.6% of net salesNet cash balance of $15.1 million and no debt outstanding as of March 28, 2026Weather-driven volume decline, while market outlook remains positiveSecond Quarter 2026 ResultsNet earnings for the second quarter of fiscal 2026 decreased to $5.2 million, or $0.27 per share, from $10.2 million, or $0.52 per diluted share, in the same period a year ago. Prior year results included $0.7 million in restructuring charges and acquisition-related costs, which collectively reduced net earnings per share by $0.03. Insteel’s second Show less Read more
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