{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-022949","form_type":"8-K","ticker":"IIIN","cik":"0000764401","company_name":"INSTEEL INDUSTRIES INC","filed_at":"2024-07-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:15.809109+00:00","generated_at":"2026-05-31T19:59:02.328985+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Insteel Q3 net earnings drop to $6.6M; sales fall 12% on pricing pressure","bullets":["Net earnings $6.6M ($0.34/sh) vs $10.6M ($0.54) prior year; gross margin narrowed to 10.6% from 12.3%.","Net sales $145.8M, down 12% YoY; avg selling prices -16.3% partially offset by 5.1% higher shipments.","Operating cash flow $18.7M; ended debt-free with $97.7M cash, $100M revolver undrawn.","Capex guidance up to $25M for FY2024; management optimistic on infrastructure spending and rate cuts.","Nine-month net earnings $14.6M ($0.75/sh) vs $26.8M ($1.37) prior year."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-022949","json":"https://secwatch.observer/filing/0001437749-24-022949.json","markdown":"https://secwatch.observer/filing/0001437749-24-022949.md","text":"https://secwatch.observer/filing/0001437749-24-022949.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/764401/000143774924022949/0001437749-24-022949-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/764401/000143774924022949/iiin20240716_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T19:59:02.328985+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"}