Filing Flows › Insteel Industries (IIIN) › Q3 FY26 › vs Q2 FY26
Insteel Industries (IIIN) Q3 FY26 vs Q2 FY26 (quarter over quarter)
Insteel Industries's revenue rose $25.0M (+14%) from $173M in Q2 FY26 to $198M in Q3 FY26. The biggest changes: Welded Wire Reinforcement +$17.3M (+16%); PC Strand +$7.7M (+12%). Gross margin 10.2% against 9.6% (+0.6 pts).
Insteel Industries, Q3 FY26: revenue $198M (+10% year over year), operating margin 5.9%, net earnings $9.0M, operating cash flow $13.7M. The chart draws each line against Q2 FY26, the increases inside each band.
Margins
| Q3 FY26 | Q2 FY26 | Change | |
|---|---|---|---|
| Gross margin | 10.2% | 9.6% | +0.6 pts |
| Operating margin | 5.9% | 3.9% | +2.0 pts |
| Net margin | 4.6% | 3.0% | +1.5 pts |
| Free cash flow margin | 5.3% | 0.4% | +4.9 pts |
Every line
| Line | Q3 FY26 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| Welded Wire Reinforcement | $124M | $106M | $17.3M | +16% |
| PC Strand | $73.9M | $66.2M | $7.7M | +12% |
| Revenue | $198M | $173M | $25.0M | +14% |
| Gross profit | $20.1M | $16.5M | $3.6M | +22% |
| Cost of revenue | $178M | $156M | $21.4M | +14% |
| Operating profit | $11.7M | $6.8M | $4.9M | +72% |
| Operating expenses | $8.4M | $9.7M | −$1.3M | -13% |
| Pre-tax earnings | $11.7M | $6.8M | $4.9M | +72% |
| Net earnings | $9.0M | $5.2M | $3.8M | +73% |
| Income tax | $2.7M | $1.6M | $1.1M | +68% |
| Depreciation & amortization | $4.4M | $4.4M | −$20K | -0.5% |
| Share-based compensation | $395K | $1.3M | −$922K | -70% |
| Working capital & other | $143K | $5.9M | −$5.7M | -98% |
| Operating cash flow | $13.7M | $5.1M | $8.6M | +169% |
| Free cash flow (OCF − capex) | $10.5M | $671K | $9.8M | 16× |
| Capital expenditures | $3.2M | $4.4M | −$1.2M | -28% |
Questions
How much did Insteel Industries's revenue grow quarter over quarter in Q3 FY26?
Insteel Industries's revenue rose $25.0M (+14%) from $173M in Q2 FY26 to $198M in Q3 FY26.
What drove Insteel Industries's revenue change in Q3 FY26?
Welded Wire Reinforcement +$17.3M (+16%); PC Strand +$7.7M (+12%).