Filing Flows › Insteel Industries (IIIN) › Q1 FY26
Insteel Industries (IIIN) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Jan 15, 2026
Insteel Industries (IIIN) reported revenue of $160M for the first quarter fiscal 2026 (Q1 FY26), +23% from a year earlier and -10% from the quarter before. Operating margin was 6.0%, net earnings $7.6M (4.7% of revenue).
Insteel Industries, Q1 FY26: revenue $160M (+23% year over year), operating margin 6.0%, net earnings $7.6M, operating cash flow −$701K. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $160M | -10% | +23% |
| Gross profit | $18.1M | -37% | +90% |
| Operating profit | $9.6M | -50% | +558% |
| Net earnings | $7.6M | -48% | +602% |
| Operating cash flow | −$701K | — | — |
What changed
Revenue was $159.9M in Q1 FY26, up 23% year over year and down 10% from the previous quarter. Welded Wire Reinforcement was the largest line at 68% of revenue. Welded Wire Reinforcement added $25.9M year over year (up 31%), 86% of the total change.
Gross margin was 11.3%, up 3.9 points from a year earlier. Operating profit was $9.6M, a 6.0% margin (up 4.9 points year over year). Of the extra revenue versus a year earlier, 27% reached operating profit, above the 1% margin then. Operating expenses grew 5% against revenue growth of 23%. Net earnings were $7.6M, up 602% year over year. The effective tax rate was 21.0%.
Operating cash flow was −$701K. Non-cash charges added back $4.6M of depreciation and amortization and $441K of share-based compensation. Working capital and other items used $13.3M. Capital expenditures of $1.5M exceeded it, leaving free cash flow of −$2.2M.
Questions
What was Insteel Industries' revenue in the first quarter fiscal 2026?
Insteel Industries (IIIN) reported revenue of $160M for the first quarter fiscal 2026 (Q1 FY26), +23% from a year earlier and -10% from the quarter before.
Was Insteel Industries profitable in the first quarter fiscal 2026?
Operating profit was $9.6M (6.0% of revenue) and net earnings $7.6M.
Source: Insteel Industries 10-Q on SEC EDGAR.