Art's-Way posts Q3 net loss of $140,000 on 12.7% sales drop; nine-month sales up 12.3%

ARTS WAY MANUFACTURING CO INC

Q3 sales fell 12.7% to $5,615,000 from $6,432,000, with a net loss of $140,000 (EPS -$0.03) versus net income of $254,000 (EPS $0.05) a year earlier.
Nine-month sales rose 12.3% to $20,110,000, but net income fell to $230,000 (EPS $0.04) from $1,680,000 (EPS $0.33); fiscal 2025 included a $1,154,000 Employee Retention Credit.
On October 5, 2026 the company signed a $956,000 Bank Midwest term loan to buy a fiberoptic laser and crane system for its Agricultural Products segment, replacing a 2007 CO2 laser.
The Laser Loan bears 6.65% interest for the first 60 payments, first due October 30, 2026 with an initial monthly payment of $8,456, then 1-month SOFR plus 3.1% for 120 payments.
CEO Marc McConnell said Modular Buildings backlog is the largest in segment history, while steel prices rose over 40% from fiscal year end and rising input costs pressured margins.

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