---
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"
generated_at: "2026-05-31T19:59:02.328985+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Insteel Q3 net earnings drop to $6.6M; sales fall 12% on pricing pressure

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- 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/764401/000143774924022949/0001437749-24-022949-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/764401/000143774924022949/iiin20240716_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-022949
- JSON: https://secwatch.observer/filing/0001437749-24-022949.json
- Plain text: https://secwatch.observer/filing/0001437749-24-022949.txt

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