Insteel posted fiscal Q3 net earnings of USD 9 million, or USD 0.46 per share, down from the year-ago quarter.
Net sales rose 9.9% to USD 197.7 million, driven by an 8% increase in average selling prices.
Gross profit fell to USD 20.1 million; gross margin narrowed 6.9 percentage points to 10.2%.
Operating cash flow dropped to USD 13.7 million; cash ended at USD 22.9 million with no debt outstanding.
The company repurchased 75,000 shares for USD 1.9 million; CEO H.O. Woltz III cited healthy infrastructure demand and a favorable outlook for the rest of fiscal 2026.
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