Insteel Industries  Q2 earnings fall as weather hits shipments

Insteel Industries

16/04/2026 11:41

Overview

U.S. steel wire reinforcing maker's fiscal Q2 revenue rose 7.5% yr/yr, driven by higher prices

EPS and net earnings fell yr/yr, impacted by lower shipments and higher costs

Company says winter weather disruptions led to shipment declines, with delayed projects expected to recover

Outlook

Company sees ongoing inflationary pressures, including higher energy and freight costs

Capital expenditures for fiscal 2026 expected to total up to $20 mln

Result Drivers

WEATHER IMPACT - Widespread and prolonged winter weather disruptions limited construction activity and reduced shipments, according to CEO H.O. Woltz III

HIGHER COSTS - Elevated operating costs, including increased energy, tariff, and freight expenses, weighed on margins

NARROWER SPREADS - Reduced spreads between selling prices and raw material costs negatively impacted profitability

Company press release: ID:nBwbjjJnGa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Miss
$172.70 mln
$178.23 mln (2 Analysts)
Q2 EPS
Miss
$0.27
$0.64 (2 Analysts)
Q2 Net Earnings
Miss
$5.20 mln
$9.39 mln (1 Analyst)

Analyst Coverage

The one available analyst rating on the shares is "hold"

The average consensus recommendation for the construction supplies & fixtures peer group is "buy."

Wall Street's median 12-month price target for Insteel Industries Inc is $42.00, about 14.8% above its April 15 closing price of $36.60

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)