{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-028557","form_type":"8-K","ticker":"IIIN","cik":"0000764401","company_name":"INSTEEL INDUSTRIES INC","filed_at":"2023-10-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.969168+00:00","generated_at":"2026-06-09T21:19:59.737620+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Insteel Q4 net income $5.6M ($0.29/sh); net sales down 24.3% YoY","bullets":["Net sales $157.5M, down 24.3% YoY; shipments up 4.9% but average selling prices dropped 27.8%.","Gross margin narrowed to 8.9% from 19.1% due to spread compression and higher manufacturing costs.","Operating cash flow $38.6M vs -$9.4M prior year; record cash $125.7M with no debt.","Fiscal 2023 net income $32.4M ($1.66/sh) vs $125.0M ($6.37/sh) prior year.","CEO cautious but optimistic; infrastructure spending expected to lift demand in FY2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-028557","json":"https://secwatch.observer/filing/0001437749-23-028557.json","markdown":"https://secwatch.observer/filing/0001437749-23-028557.md","text":"https://secwatch.observer/filing/0001437749-23-028557.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/764401/000143774923028557/0001437749-23-028557-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/764401/000143774923028557/iiin20231017_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T21:19:59.737620+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}