Art's-Way reports FY2024 loss from continuing ops; Modular segment gains offset Ag decline

ARTS WAY MANUFACTURING CO INC

Net sales from continuing ops fell 19% to $24.5M; operating income dropped to $461K from $1.53M.
Loss from continuing ops of $0.02 per diluted share vs income of $0.15 in FY2023.
Agricultural Products segment net sales declined 34.7% to $14.66M; operating loss of $1.51M.
Modular Buildings net sales rose 25.9% to $9.84M; operating income $1.97M, gross margin 32.1%.
Completed sale of Tools segment real estate for $1.8M; total debt reduced to historical low.

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