Quarterly ResultJul 10, 2026, 10:07 AM
Art's-Way H1 Sales +26%, Operating Income +20%
AI Summary
Art's-Way Manufacturing reported strong operational results for the first half of fiscal 2026, with consolidated sales increasing by 26.3% to $14.49 million and operating income growing by 20.2% to $617,000. The company saw demand growth in livestock-oriented agricultural products and strong performance in its Modular Buildings segment. Net income for the six months was $370,000, or $0.07 EPS, which was lower than the prior year's $1.43 million, or $0.28 EPS, primarily due to a non-recurring Employee Retention Credit received in fiscal 2025.
Key Highlights
- Consolidated sales for the first six months of fiscal 2026 increased 26.3% to $14,494,000.
- Consolidated operating income for the first six months grew 20.2% to $617,000.
- Net income for the six months was $370,000, or $0.07 EPS, compared to $1,426,000, or $0.28 EPS, in prior year.
- Agricultural Products segment sales increased 16.6% for the six months.
- Modular Buildings segment sales increased 41.3% for the six months.
- Gross profit as a percentage of sales declined by 3.8% for the six months.
- Operating expenses decreased by 3.6% as a percentage of sales for the six months.
- Prior year net income included a $1,154,000 Employee Retention Credit not repeated in fiscal 2026.
Price Impact
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