EPISODE · Apr 23, 2026 · 2 MIN
Insteel Misses Q1 Targets, Shares Plummet
from The Daily News Now! Business
Insteels Q1 2026 results missed expectations, with revenue at $172.7M vs. $178.2M forecast, EPS at $0.27 vs. $0.64 predicted, and EBITDA at $12.11M vs. $21M expected. Winter weather, lower shipments, tighter spreads, and higher conversion costs were blamed. Shares dropped from $36.60 to $25.26, market cap at $486.2M. Analysts questioned April shipment upticks, product mix effects, and long-term drivers. Future focus on delayed project revenue, margin improvements, raw material costs, and CapEx for efficiency and new products. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/b38181334a14c86d
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Insteel Misses Q1 Targets, Shares Plummet
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