---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-013111"
form_type: "8-K"
ticker: "IIIN"
cik: "0000764401"
company_name: "INSTEEL INDUSTRIES INC"
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T08:49:13.376318+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Insteel Industries Q2 EPS $0.35; net sales $127.4M, down 19.9% YoY

## Summary
- Net earnings $6.9M ($0.35 diluted EPS) vs $5.1M ($0.26) a year ago; gross margin widened to 12.3% from 8.3%.
- Net sales decreased 19.9% to $127.4M from $159.1M, driven by 17.3% lower average selling prices and 3.2% lower shipments.
- Company ended quarter debt-free with $83.9M cash and no borrowings on $100M revolver; capex guidance ~$30M for fiscal 2024.
- Management cites improving demand environment, seasonal upturn, and optimism from infrastructure spending.

## SEC filing metadata
- accession: 0001437749-24-013111
- form_type: 8-K
- ticker: IIIN
- cik: 0000764401
- company_name: INSTEEL INDUSTRIES INC
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/764401/000143774924013111/0001437749-24-013111-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/764401/000143774924013111/iiin20240418_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-013111
- JSON: https://secwatch.observer/filing/0001437749-24-013111.json
- Plain text: https://secwatch.observer/filing/0001437749-24-013111.txt

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