Art's Way Improves Profitability Despite Ongoing Ag Market Headwinds

Jul 17, 2025

ARMSTRONG, Iowa — Art's Way Manufacturing Co. Inc., a diversified manufacturer and distributor of equipment serving agricultural and research needs, announces its financial results for the second quarter of fiscal 2025.

President, CEO and Chairman Marc McConnell reports, "We are pleased to show operational progress and improved profitability during our second quarter despite challenging market conditions in the ag equipment space. During the quarter, we benefited greatly from sustained performance from our Modular Buildings segment while our Agricultural Products segment continued to see modest demand. We remain focused on enhancing our products and customer experience while also further improving our balance sheet and cashflow positions. We are pleased with our progress on these fronts and believe we are on firm footing to work through the uncertainty of the current environment with cautious optimism."

Consolidated -– Continuing Operations

Sales of $6,337,000 for Q2 2025, 5.8% decline from Q1 2024. Six-month sales of $11,478,000, 7.8% decline from the first six months of fiscal 2024.
Six-month gross profit improvement of 3.8% compared to the first six months of fiscal 2024.
Operating expenses reduced by 15.3% for the six months ending May 31, 2025 compared to the same period in fiscal 2024.
Net income of $1,426,000 for the six months ending May 31, 2025, $1,855,000 improvement from same period in fiscal 2024. We received an Employee Retention Credit refund during the six months ending May 31, 2025 that positively impacted net income by $1,154,000.

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