Insteel Industries Inc 2026年季度报告

FORM 10-Q ☒Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934For the quarterly period ended December 27, 2025. or (336) 786-2141(Registrant’s telephone number, including area code)Not Applicable(Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) hasbeen subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant wasrequired to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ APPLICABLE ONLY TO CORPORATE ISSUERSIndicate the number of shares outstanding of each of the Registrant’s classes of common stock, as of the latest practicable date. Common Stock (No Par Value)19,396,380 TABLE OF CONTENTS PART I–FINANCIAL INFORMATION Three Months EndedDecember 27,December 28,20252024Cash Flows From Operating Activities:Net earnings$7,593$1,081Adjustments to reconcile net earnings to net cash (used for) provided by operating activities:Depreciation and amortization4,5534,429Amortization of capitalized financing costs1313Stock-based compensation expense441345Deferred income taxes148777Asset impairment charges-273Loss on sale and disposition of property, plant and equipment203Increase in cash surrender value of life insurance policies over premiums paid(249)-Net changes in assets and liabilities (net of assets and liabilities acquired):Accounts receivable, net14,1188,866Inventories(34,511)2,640Accounts payable and accrued expenses3,771754Other changes3,402(198)Total adjustments(8,294)17,902Net cash (used for) provided by operating activities(701)18,983 INSTEEL INDUSTRIES INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS(Unaudited) (1) Basis of Presentation The accompanying unaudited interim consolidated financial statements have been prepared in accordance with generally acceptedaccounting principles in the U.S. (“GAAP”) on a basis consistent with that used in the Annual Report on Form 10-K for the year endedSeptember 27, 2025 (“2025 Form 10-K”) filed by us with the Securities and Exchange Commission. These statements include all normalrecurring adjustments necessary to present fairly the consolidated balance sheets and the statements of operations and comprehensive income,cash flows and shareholders’ equity for the periods indicated. The September 27, 2025 consolidated balance sheet was derived from auditedconsolidated financial statements but does not include all the disclosures required by GAAP. These statements should be read in conjunctionwith the audited consolidated financial statements and notes thereto included in our 2025 Form 10-K. The results of operations for the periodsindicated are not necessarily indicative of the results that may be expected for the full fiscal year or any future periods. On October 21, 2024, we, through our wholly-owned subsidiary, Insteel Wire Products Company (“IWP”), purchased substantiallyall of the assets, other than cash and accounts receivable, of Engineered Wire Products, Inc. (“EWP”) and certain related assets of LibertySteel Georgetown, Inc. (“LSG”). See Note 3 to the consolidated financial statements for additional information. On November 26, 2024, we, through our wholly-owned subsidiary, IWP, purchased certain assets of O’Brien Wire Products of Texas,Inc. (“OWP”). See Note 3 to the consolidated financial statements for additional information. (2) Recent Accounting Pronouncements In December 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2023-09,“Income Taxes (Topic 740): Improvements to Income Tax Disclosures.” ASU No. 2023-09 requires disaggregated information about areporting entity’s effective tax rate reconciliation as well as informa