Art's Way Reports a 12% Revenue Increase Through First Nine Months of Fiscal 2026
Key Highlights
- ➤Nine-month sales rose 12.3% to $20.1 million versus fiscal 2025
- ➤Nine-month net income fell to $230,000 from comparable 2025 results
- ➤Agricultural Products sales increased 12.4%, led by stronger livestock equipment demand
- ➤Modular Buildings backlog reached the segment's highest level, extending through fiscal 2027
- ➤Nine-month gross margin declined 2.1 percentage points to 27.9% amid rising costs
Expert Statements
Marc McConnell, President, CEO, and Chairman of Art's-Way Manufacturing Co., Inc.
“We are pleased to announce our third quarter results, although we believe these results aren't entirely representative of how the year is evolving for us. We continue to be pleased with the strong demand for livestock equipment we've experienced for much of the year, resulting in Agricultural Equipment sales that remain ahead of 2025 levels. In our Modular Buildings segment, our reduced revenue for the quarter was largely attributable to timing of revenue recognition on projects under contract. Demand remains strong in this segment and, as has been previously announced, we have significant projects in our pipeline that constitute the largest backlog in our history that suggest strong performance going forward. In both segments we are battling rising material and operating costs that have put pressure on margins. We are actively working to regain margin in both businesses while continuing to grow in the markets we serve. We are pleased with the overall trends year to date and look forward to continued progress with particular focus on quality, innovation, and outstanding customer service.”
ARMSTRONG, IA / ACCESS Newswire / October 9, 2026 / Art's-Way Manufacturing Co., Inc. (Nasdaq:ARTW) (the "Company"), a diversified manufacturer and distributor of equipment serving agricultural and research needs, announces its financial results for the third quarter and first nine months of fiscal 2026. Marc McConnell, the Company's President, CEO, and Chairman, reports, "We are pleased to announce our third quarter results, although we believe these results aren't entirely representative of how the year is evolving for us. We continue to be pleased with the strong demand for livestock equipment we've experienced for much of the year, resulting in Agricultural Equipment sales that remain ahead of 2025 levels. In our Modular Buildings segment, our reduced revenue for the quarter was largely attributable to timing of revenue recognition on projects under contract. Demand remains strong in this segment and, as has been previously announced, we have significant projects in our pipeline that constitute the largest backlog in our history that suggest strong performance going forward. In both segments we are battling rising material and operating costs that have put pressure on margins. We are actively working to regain margin in both businesses while continuing to grow in the markets we serve. We are pleased with the overall trends year to date and look forward to continued progress with particular focus on quality, innovation, and outstanding customer service."
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