Filing Flows › Insteel Industries (IIIN) › Q3 FY26
Insteel Industries (IIIN) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Jul 16, 2026
Insteel Industries (IIIN) reported revenue of $198M for the third quarter fiscal 2026 (Q3 FY26), +10% from a year earlier and +14% from the quarter before. Operating margin was 5.9%, net earnings $9.0M (4.6% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $198M | +14% | +10% |
| Gross profit | $20.1M | +22% | -35% |
| Operating profit | $11.7M | +72% | -41% |
| Net earnings | $9.0M | +73% | -41% |
| Operating cash flow | $13.7M | +169% | -52% |
| Free cash flow | $10.5M | 16× | -61% |
What changed
Revenue was $197.7M in Q3 FY26, up 10% year over year and up 14% from the previous quarter. Welded Wire Reinforcement was the largest line at 63% of revenue. PC Strand added $11.7M year over year (up 19%), 66% of the total change.
Gross margin was 10.2%, down 6.9 points from Q3 FY25. Operating profit was $11.7M, a 5.9% margin (down 5.1 points year over year). Operating profit fell $8.1M even though revenue rose $17.8M versus Q3 FY25, so costs grew faster than sales. Operating expenses fell 23% while revenue rose 10%. Net earnings were $9.0M, down 41% year over year. The effective tax rate was 22.8%.
Operating cash flow was $13.7M (down 52% year over year), 151% of net earnings. Non-cash charges added back $4.4M of depreciation and amortization and $395K of share-based compensation. Capital expenditures of $3.2M left free cash flow of $10.5M.
Questions
What was Insteel Industries' revenue in the third quarter fiscal 2026?
Insteel Industries (IIIN) reported revenue of $198M for the third quarter fiscal 2026 (Q3 FY26), +10% from a year earlier and +14% from the quarter before.
Was Insteel Industries profitable in the third quarter fiscal 2026?
Operating profit was $11.7M (5.9% of revenue) and net earnings $9.0M.
Source: Insteel Industries 10-Q on SEC EDGAR.