Art’s Way Reports Q1 Earnings
Art’s-Way Manufacturing Co., Inc. , a diversified manufacturer and distributor of equipment serving agricultural and research needs, announces its financial results for the first quarter of fiscal 2026.
Marc McConnell, the Company’s President, CEO, and Chairman, reports, “We are pleased to have started the new year off showing significant improvement in both business units. While the Agricultural Product segment continues to face ongoing challenges, we are experiencing a meaningful improvement in demand for several of our key product categories, as evidenced by growth in our revenue and backlog.”
Consolidated – Q1 fiscal 2026 compared to Q1 fiscal 2025
- Sales increase of $1,499,000 or 29.2%.
- Gross profit as a percentage of sales declined by 0.3%.
- Operating expenses decreased by 5.2% as a percentage of sales.
- Net income of $196,000 for the three months ended February 28, 2026, a $252,000 improvement from the same period in fiscal 2025.
Agricultural Products – Q1 fiscal 2026 compared to Q1 fiscal 2025
- Sales of $3,754,000 for Q1 of fiscal 2026, a 27.3% increase.
- Gross profit as a percentage of sales increased by 7.8%.
- Operating expenses decreased by 7.8%.
- Net income of $7,000, an improvement of $353,000.
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