filecrux
Oct 22, 10:45 AM
$IIIN Insteel fiscal Q4 profit fell to
$7.7M from
$14.6M; gross margin 10.0% vs 16.1%.
🏢 Largest US maker of steel wire reinforcing for concrete construction
📉 Raw material and freight costs outran price hikes in the quarter ended Oct 3
🏦 Worth about
$588M at
$30.39 (16:00 ET, Oct 21, 2026);
$37.5M cash, no debt at Oct 3
📈 Other side: sales rose 17.9% to
$209.3M with an extra week; FY27 capex ~
$30.0M vs
$11.8M FY26: mesh expansion, strand, cost cuts, upkeep
📅 Next: Call 10:00 a.m. ET today; Ohio plant to cease operations by end of October 2026
Source: SEC 8-K, Oct 22 + SEC 8-K, Aug 21
0 replies