ARMSTRONG, IA — 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 fiscal 2025.
Marc McConnell, the Company's President, CEO, and Chairman, reports, "Despite another year of significant market challenges and uncertainty, I am pleased with the progress we made as a company in 2025 building the Company for future growth in both business units. While we continued weathering the storm in the Agricultural Products segment, we managed to have yet another very robust year in our Modular Buildings segment. We remain focused on enhancing our products and customer experience to improve our market position in each segment while maintaining focus on balance sheet health and cashflow. We enter 2026 with a sense of optimism and see some improving conditions that could drive demand growth for our products."
Consolidated - continuing operations
- Sales of $22,975,000 in fiscal 2025 compared to $24,499,000 in fiscal 2024, a $1,524,000, or 6.2%, decrease.
- Twelve-month gross profit as a percentage of sales declined 2.5% compared to fiscal 2024.
- Operating expenses decreased by approximately $872,000, or 12.7%, in fiscal 2025 compared to fiscal 2024.
- Net income from continuing operations of $1,035,000 for fiscal 2025 compared to net loss from continuing operations of $94,000 in fiscal 2024. We received an Employee Retention Credit refund in fiscal 2025 that positively impacted net income from continuing operations by $1,052,000.
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