Filing Flows › Insteel Industries (IIIN) › Q3 FY25
Insteel Industries (IIIN) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Jul 17, 2025
Insteel Industries (IIIN) reported revenue of $180M for the third quarter fiscal 2025 (Q3 FY25), +23% from a year earlier and +12% from the quarter before. Operating margin was 11.0%, net earnings $15.2M (8.4% of revenue).
Insteel Industries, Q3 FY25: revenue $180M (+23% year over year), operating margin 11.0%, net earnings $15.2M, operating cash flow $28.5M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $180M | +12% | +23% |
| Gross profit | $30.8M | +25% | +100% |
| Operating profit | $19.8M | +48% | +127% |
| Net earnings | $15.2M | +48% | +131% |
| Operating cash flow | $28.5M | — | +52% |
| Free cash flow | $26.9M | — | +73% |
What changed
Revenue was $179.9M in Q3 FY25, up 23% year over year and up 12% from the previous quarter. Welded Wire Reinforcement was the largest line at 65% of revenue. Welded Wire Reinforcement added $33.2M year over year (up 39%), 97% of the total change.
Gross margin was 17.1%, up 6.6 points from a year earlier. Operating profit was $19.8M, a 11.0% margin (up 5.0 points year over year). Of the extra revenue versus a year earlier, 32% reached operating profit, above the 6% margin then. Operating expenses grew 65% against revenue growth of 23%. Net earnings were $15.2M, up 131% year over year. The effective tax rate was 23.3%.
Operating cash flow was $28.5M (up 52% year over year), 188% of net earnings. Non-cash charges added back $4.7M of depreciation and amortization and $427K of share-based compensation. Working capital and other items added $8.2M. Capital expenditures of $1.6M left free cash flow of $26.9M.
Questions
What was Insteel Industries' revenue in the third quarter fiscal 2025?
Insteel Industries (IIIN) reported revenue of $180M for the third quarter fiscal 2025 (Q3 FY25), +23% from a year earlier and +12% from the quarter before.
Was Insteel Industries profitable in the third quarter fiscal 2025?
Operating profit was $19.8M (11.0% of revenue) and net earnings $15.2M.
Source: Insteel Industries 10-Q on SEC EDGAR.