Insteel Industries posted a strong Q2, with a 26% revenue increase and improved margins due to rising shipments and efficiencies. Net income grew over 47% year-over-year despite a slight decline in average selling prices.
Net sales rose to $160.7 million, up 26.1% year-over-year.
Net income reached $10.2 million, up from $6.9 million last year.
Gross margin improved to 15.3%, driven by higher volumes and lower unit costs.
EPS was $0.52, including $0.03 impact from restructuring and acquisition costs.
Management expects continued positive momentum in demand and market conditions despite macroeconomic uncertainties and potential tariff cost impacts.
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