---
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"
generated_at: "2026-06-09T21:19:59.737620+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Insteel Q4 net income $5.6M ($0.29/sh); net sales down 24.3% YoY

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-028557
- JSON: https://secwatch.observer/filing/0001437749-23-028557.json
- Plain text: https://secwatch.observer/filing/0001437749-23-028557.txt

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