---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-020260"
form_type: "8-K"
ticker: "IIIN"
cik: "0000764401"
company_name: "INSTEEL INDUSTRIES INC"
filed_at: "2023-07-20T23:59:59+00:00"
generated_at: "2026-06-13T05:57:02.714671+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Insteel Industries Q3 FY2023 EPS falls to $0.54 from $1.96 YoY; revenue down 27% to $165.7M

## Summary
- Net earnings $10.6M ($0.54/diluted share) vs $38.6M ($1.96) in prior-year quarter.
- Net sales $165.7M, down 27.1% from $227.2M; average selling prices declined 24.7% YoY.
- Gross margin narrowed to 12.3% from 25.6% due to lower spreads and higher-cost inventory.
- Ended quarter debt-free with $91.7M cash; FY2023 capex expected up to $35M.
- Management expects modest Q4 recovery driven by nonresidential and residential construction.

## SEC filing metadata
- accession: 0001437749-23-020260
- form_type: 8-K
- ticker: IIIN
- cik: 0000764401
- company_name: INSTEEL INDUSTRIES INC
- filed_at: 2023-07-20T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/764401/000143774923020260/0001437749-23-020260-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/764401/000143774923020260/iiin20230718_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-020260
- JSON: https://secwatch.observer/filing/0001437749-23-020260.json
- Plain text: https://secwatch.observer/filing/0001437749-23-020260.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.