Art's-Way sales rise 26% in first half, but net income falls to $370,000
Art's-Way Manufacturing reported fiscal second-quarter and six-month results for the periods ended May 31, 2026. Sales grew 23.9% in the quarter and 26.3% for the six months, but net income fell sharply because the prior year included a $1,154,000 Employee Retention Credit, net of tax, that was not repeated.
Key points
- Q2 sales were $7,854,000, up from $6,337,000; Q2 net income was $173,000, down from $1,482,000.
- Six-month sales were $14,494,000, up from $11,478,000; six-month operating income rose 20.2% to $617,000.
- Six-month net income was $370,000 ($0.07 per share), compared with $1,426,000 ($0.28 per share) a year earlier.
- Management said material cost pressures pressured gross margins, and that rising steel and oil prices may challenge margins for the rest of fiscal 2026.
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 10, 2026.
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