What guidance did Insteel Industries's management provide for the next earnings period?

What is the revenue and EPS growth rate for Insteel Industries year over year?

Did Insteel Industries beat or miss consensus estimates last quarter?

What were the key takeaways from Insteel Industries’s earnings call?

What does Insteel Industries do and what are its main business segments?

What is Insteel Industries's gross profit margin?

What were the key takeaways from Insteel Industries's earnings call?

What factors drove the changes in Insteel Industries's revenue and profit?

- **Tariff-Driven Margin Expansion**: 16.1% gross margin vs. 8.6% prior year, +760bps.
- **$20M CapEx for Growth**: Modernization to reduce costs and expand capacity.
- **Resilient Nonresidential Demand**: Infrastructure and data centers offset housing weakness.
- **Liquidity Strength**: $38.6M cash, no debt, $24M returned to shareholders in 2025.

**【CEO Summary Section】**
- Revenue growth driven by nonresidential construction, with 9.8% year-over-year shipments and 20.3% price increases offsetting 50% tariffs on imported steel.
- Acquisitions in Ohio and Texas enhanced production capacity and operational efficiency.
- Fiscal 2026 capital expenditures of $20 million planned for plant modernization and IT infrastructure.
- Residential construction remains a drag (15% of revenue), while data centers and infrastructure projects offset weakness.

**【CFO Financial Commentary】**
- Q4 net income: $14.6M ($0.74/share) vs. $4.7M ($0.24) prior year, +215%.
- Gross profit: $16.3M (16.1% margin) vs. $8.6M (8.6%), driven by pricing and mix.
- Cash flow: $17M from operations, $38.6M ending cash, no debt.
- FY2025 share buybacks: 76,000 shares ($2.3M).

**【Q&A Highlights】**
- Inventory: 3.5 months (up from 2.7Q3) due to offshore wire rod purchases.
- Tariff strategy: Importing 50% of wire rod to mitigate domestic shortages.
- Data center demand: 'filling the gap' from housing weakness.
- IIJA funding: 'runway' for infrastructure projects through 2026.
- Risk: 15% revenue exposure to housing, 85% to nonresidential.
- 2026 outlook: Nonresidential strength, cautious on housing recovery.

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