Art's‑Way Manufacturing Co., Inc. reported consolidated sales of $6.639 million for the first quarter of fiscal 2026, a 29.2% increase from the $5.140 million recorded in the same period a year earlier. Earnings per share rose to $0.04, turning a $0.01 loss into a $196,000 net income for the quarter.
The Agricultural Products segment drove much of the growth, with sales up 27.3% to $3.2 million and a net income of $7,000, while the Modular Buildings segment saw sales rise 31.6% to $3.4 million. Although the Modular Buildings unit generated $189,000 in net income, its gross margin fell 11.0 percentage points to 18.0% from 29.0% a year earlier, largely because of project overages and the cost of selling a warrantied building at cost.
Consolidated gross profit margin slipped 0.3 percentage points to 29.1% from 29.4% a year earlier, reflecting higher material costs, especially the rise in steel prices. The margin compression in the Modular Buildings segment was driven by the same cost pressures and by the impact of a warrantied building sale that pushed costs above revenue.
CEO Marc McConnell said the company is pleased with the turnaround, noting stronger demand and a growing backlog in the Agricultural Products line and continued momentum in Modular Buildings. He added that rising steel prices will continue to pressure margins, but the company remains confident in its cost‑control program.
The company has not issued new guidance figures in this release; investors can review the full earnings details, revenue, EPS, and forward outlook on Art's‑Way’s investor relations website.
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