Insteel Industries Inc. (NYSE: IIIN) announced its fourth‑quarter and full‑year 2025 financial results on October 17, 2025. Net earnings for the quarter rose to $14.6 million, or $0.74 per diluted share, up from $4.7 million, or $0.24 per share, a 210% increase year‑over‑year. Net sales increased 32.1% to $177.4 million from $134.3 million in the prior‑year quarter, driven by a 20.3% rise in average selling prices and a 9.8% increase in shipment volumes.
Gross profit for the quarter climbed to $28.6 million, or 16.1% of net sales, up from $12.3 million, or 9.1% in the same period a year ago. The company attributed the margin expansion to wider spreads between selling prices and raw‑material costs, as well as incremental contributions from acquisitions completed earlier in the year. Operating activities generated $17.0 million of cash, compared with $16.2 million in the prior‑year quarter.
For fiscal 2025, net earnings totaled $41.0 million, or $2.10 per diluted share, versus $19.3 million, or $0.99 per share, a 112% increase year‑over‑year. Net sales for the year reached $647.7 million, up 14.8% from $529.2 million, while gross profit rose to $93.4 million, or 14.4% of sales, up from $49.6 million, or 9.4% a year earlier.
Management highlighted that the quarter was supported by successful resolution of raw‑material sourcing challenges, with domestic hot‑rolled steel wire rod supply improving and offshore purchases supplementing production. The company also noted that capital expenditures for fiscal 2025 were $8.2 million, down from $19.1 million a year earlier, and are expected to total approximately $20.0 million in fiscal 2026, focused on cost and productivity improvements and recurring maintenance.
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