Insteel Industries Reports Significant Financial Growth

Charlotte, North Carolina, October 25, 2025

News Summary

Insteel Industries has reported substantial growth in its annual Form 10-K for fiscal year 2025, with net sales reaching $647.7 million, a 22.4% increase from the previous year. Gross profit soared to $93.4 million, reflecting an 88.3% increase. This financial success is attributed to a rise in shipments and average selling prices. Insteel’s strategy focuses on growth through acquisitions and maintaining a competitive edge, as it completes acquisitions to enhance its market presence. Looking ahead, the company remains optimistic about its future in the construction market.

Charlotte, North Carolina – Insteel Industries Inc. has reported substantial financial growth in its annual Form 10-K report for fiscal year 2025. The company recorded net sales of $647.7 million, marking a 22.4% increase from the previous year. This growth was driven by a 14.8% rise in shipments and a 6.7% increase in average selling prices.

The company’s gross profit soared to $93.4 million, an impressive 88.3% increase compared to the prior year. The significant uptick in gross profit is attributed to higher spreads between average selling prices and raw material costs. Insteel’s net earnings for fiscal 2025 reached $41.0 million, which represents a significant 112.5% increase from the previous year, leading to a rise in net earnings per share (diluted) from $0.99 to $2.10.

Insteel’s business strategy aims to achieve leadership positions in its markets, operate as the lowest-cost producer, and pursue growth opportunities through strategic acquisitions. The company manufactures two primary product lines: prestressed concrete strand (PC strand) and welded wire reinforcement (WWR). Approximately 70% of the company’s net sales in fiscal 2025 were directed towards manufacturers of concrete products, while 30% catered to distributors, rebar fabricators, and contractors.

The geographical reach of Insteel spans across the United States, with some sales extending to Canada, Mexico, and Central and South America. In fiscal 2025, Insteel completed notable acquisitions including Engineered Wire Products, Inc. (EWP) and selective assets from Liberty Steel Georgetown, Inc., as well as acquiring O’Brien Wire Products of Texas, Inc. These acquisitions are expected to bolster the company’s geographic footprint and competitive strength in the marketplace.

As part of its operational restructuring post-acquisition, Insteel has consolidated its WWR operations, leading to the closure of the Warren, Ohio facility. The primary raw material for Insteel’s production, hot-rolled carbon steel wire rod, is sourced from both domestic and international suppliers. The company competes against both vertically integrated firms and smaller independent companies, and has engaged in antidumping and countervailing duty trade cases to mitigate import competition.

Insteel’s human capital strategies stress safe operations, performance-based compensation, equal opportunity, and effective employee hiring and retention. The company is poised to focus on disciplined expense management and capturing synergies from its acquisitions as it prepares for fiscal 2026.

Looking ahead, public nonresidential construction is forecasted to remain strong, supported by federal investments under the Infrastructure Investment and Jobs Act. Insteel is also maintaining a $100 million revolving credit facility, with around $98.7 million available as of September 27, 2025. In 2025, Insteel paid $21.8 million in dividends, which included a special cash dividend of $19.4 million. However, the company’s cash and cash equivalents decreased to $38.6 million from $111.5 million in the previous year, a decline attributed to acquisition costs and capital expenditures.

Insteel Industries maintains an optimistic outlook, which hinges on operational improvements, recent acquisitions, and the enduring strength of the public nonresidential construction market.

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Key Features Summary

Feature	Details
Net Sales	$647.7 million (22.4% increase)
Gross Profit	$93.4 million (88.3% increase)
Net Earnings	$41.0 million (112.5% increase)
Primary Products	PC Strand, WWR
Dividends	$21.8 million (including $19.4 million special dividend)
Future Outlook	Optimistic, based on operational improvements and acquisitions

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