Here are the 10-K annual reports from Insteel Industries, Inc. (IIIN) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow IIIN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full IIIN filings page.
Insteel Industries Inc. reported fiscal 2026 net sales of $739.5 million, up 14.2% from $647.7 million. Average selling prices rose 11.5% and shipments 2.4%; fiscal 2026 covered 53 weeks versus 52 weeks in fiscal 2025. Gross profit fell 19.0% to $75.7 million; gross profit was 10.2% of net sales, compared with 14.4%. Net earnings decreased 28.0% to $29.5 million, or $1.51 per diluted share, from $41.0 million, or $2.10.
Cash from operating activities was $36.6 million, compared with $27.2 million in fiscal 2025. As of October 3, 2026, cash and cash equivalents were $37.5 million; no Credit Facility borrowings were outstanding, and $98.7 million of borrowing capacity was available. In August 2026, Insteel announced plans to close its Upper Sandusky, Ohio facility and consolidate operations into its remaining welded wire reinforcement facilities; manufacturing is expected to cease in the first quarter of fiscal 2027.
Insteel Industries (IIIN) reported stronger FY2025 results. Net sales rose to $647.7 million (up 22.4%) on a 14.8% increase in shipments and a 6.7% gain in average selling prices. Gross profit improved to $93.4 million with margins at 14.4% of sales, and net earnings increased to $41.0 million or $2.10 per diluted share (up 112.5%).
The company completed two deals: the EWP acquisition for $67.0 million and the OWP acquisition for $5.1 million. It recorded $2.3 million of restructuring charges tied to consolidating WWR operations, including the Warren, Ohio closure. Operating cash flow was $27.2 million; cash and equivalents ended at $38.6 million with no debt and $98.7 million available under a $100 million revolver. FY2025 financing included $21.8 million of dividends (including a $1.00 special dividend) and share repurchases during the September quarter.
As of October 21, 2025, 19,416,462 shares were outstanding. Management expects up to $20.0 million of 2026 capex and cites stable nonresidential demand, while noting wire rod cost volatility and higher Section 232 tariffs as ongoing risks.