Insteel Industries, Inc. announced financial results for the fourth quarter of fiscal 2025, ended September 27, 2025.
Net income for the third quarter of fiscal 2025 increased to $14.6 million from $4.7 million in the same period a year ago. In its statement, Insteel said fourth-quarter fiscal 2025 results were driven by wider differentials between selling prices and raw material costs, as well as higher shipments of Insteel's concrete reinforcement products, partially offset by higher selling, general and administrative expenses, primarily reflecting higher incentive plan costs. Average selling prices increased by 20.3 percent, supply volumes increased by 9.8 percent. The company said deliveries in the current quarter were driven by additional contributions from acquisitions completed earlier this year, as well as a strong recovery in demand in key end-of-life markets. On a sequential basis, shipments decreased 5.8 percent compared to the third quarter of fiscal 2025, while average selling prices increased 4.7 percent.
“Our fourth quarter was reasonably strong, supported by sustained operational improvements and continued strength in our core markets,” H.
O said. Woltz III, President and CEO of Insteel. “During the quarter, we addressed raw material sourcing issues that were limiting production, although it was not until the end of the quarter that delivery times became more normal for the season. The supply of hot-rolled steel wire rod, our key raw material, has improved significantly due to increased domestic production and significant overseas purchases. Removing raw material constraints has allowed us to better align production with customer demand and reduce year-end lead times."
Mr. Volz continued: "As we enter fiscal 2026, market conditions are generally strong and stable, although residential construction remains depressed, as it has been for much of the year. Our recent acquisitions contributed significantly to our results in fiscal 2025 and continue to perform well, driving volume growth and strengthening our competitive position in key markets. However, we are closely monitoring broader macroeconomic conditions that may impact client sentiment and demand. However, we remain cautiously optimistic about our prospects for 2026, confident in our long-term strategy and pleased with our position in the market.”
