Insteel outlines $20M 2026 capex as it expects gradual gross margin improvement in Q3
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Insteel Industries reported a net earnings drop to $5.2 million in Q2 2026, down from $10.2 million a year prior, with shipments declining 5.9% year-over-year. The company anticipates a gradual recovery in gross margins in Q3, supported by solid order activity and recent price increases. Despite challenges from weather disruptions and project delays, management remains optimistic about demand trends and is committed to a $20 million capital expenditure for the year. The company ended the quarter with $15.1 million in cash and no outstanding borrowings.
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