Every 10-Q that Arts-Way Manufacturing Co Inc (ARTW) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow ARTW and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ARTW filings page.
Art’s-Way Manufacturing Co., Inc. reported strong top-line growth for the three and six months ended May 31, 2026, with consolidated sales of $7,854,000 in the quarter and $14,494,000 year-to-date, up 23.9% and 26.3% from the prior-year periods. Net income was $173,479 for the quarter and $369,921 for six months, down from $1,482,069 and $1,426,313 a year earlier as prior-year results included significant Employee Retention Credit income that did not recur and gross margins narrowed to 25.9% and 27.2% from 32.5% and 31.0%.
The Agricultural Products segment grew sales to $4,374,000 in Q2 and $8,128,000 year-to-date, but posted an operating loss as higher steel prices pressured quarterly margins, partly offset by approximately $1,319,000 higher grinder mixer sales year-on-year. The Modular Buildings segment remained the main earnings driver, with Q2 revenue of $3,480,000 (up 50.6%) and six-month revenue of $6,366,000, though gross margins declined as certain projects were sold at cost and prior-year contingencies did not repeat. Consolidated backlog as of July 7, 2026 was $2,744,000, down 37.7% from a year earlier, with Agricultural Products backlog up 63.7% and Modular Buildings backlog down 62.4%.
Operating activities provided $510,409 of cash in the first half of 2026, while purchases of property, plant, and equipment totaled $517,053, including deposits for a new fiberoptic laser and crane system. At May 31, 2026 the company held cash of $5,969, total assets of $23,678,399, a $3,495,438 balance on its $4,000,000 revolving line of credit, and term debt of $2,406,845, and had also established an additional $500,000 Reserve Line of Credit. Management states that existing financing arrangements are expected to be sufficient to fund operations and meet debt obligations over the next twelve months.
Art’s-Way Manufacturing Co., Inc. returned to profitability for the quarter ended February 28, 2026, as stronger demand in both core segments lifted results. Net sales rose to $6.64 million from $5.14 million, a 29.2% increase, driven by higher agricultural equipment and modular building revenues.
Gross margin held near prior-year levels at 28.8%, while operating income improved to $330,000 from essentially break-even, leading to net income of $196,000 versus a small loss a year earlier. Agricultural Products benefited from higher grinder mixer, manure spreader, and bale processor sales, with segment gross margin rising to 34.5%.
The Modular Buildings segment grew revenue to $2.89 million but saw margin pressure from a low-margin warrantied project and cost overages. Order backlog increased sharply to $7.29 million as of April 7, 2026, up 62.6% year over year, supporting management’s view of improving agricultural markets and continued modular demand. Liquidity is supported by a renewed $4.0 million revolving credit line and long-term term loans, with management stating it believes current financing will cover operating and debt needs over the next twelve months.
Art’s-Way Manufacturing (ARTW) reported Q3 2025 results. Sales were $6,432,296 with gross margin of 27.5%, and net income from continuing operations was $254,110 ($0.05 per share). Year-to-date, sales were $17,909,941 and net income from continuing operations reached $1,680,423 ($0.33 per share). Results benefited from Employee Retention Credit refunds recorded in other income of $1,620,103 and $246,108 of interest, offset by $405,026 of consulting fees.
Segment trends diverged: Modular Buildings delivered Q3 revenue of $3,449,000 and 35.4% gross margin, while Agricultural Products posted $2,983,000 and 18.3% margin. Cash was $5,960; inventories were $11,237,942. The revolving line of credit balance was $2,672,437 (7.5% rate) with $1,327,563 remaining available. Term debt totaled $2,006,259, including a 7.00% Bank Midwest loan and two SBA EIDL loans at 3.75%. Subsequent to quarter-end, the company entered a $516,971 roof loan at 7.25%.
Art’s-Way Manufacturing (ARTW) reported Q2 FY 2025 results (ended 31 May 2025) that show a sharp swing to profitability driven by a one-time Employee Retention Credit (ERC) refund, while core operations delivered mixed performance.
Income statement highlights
- Quarterly sales fell 5.8 % to $6.34 million; six-month sales down 7.8 % to $11.48 million.
- Gross profit rose 8.0 % to $2.06 million; margin expanded to 32.5 % (28.3 % last year) on better cost control and a richer mix in Modular Buildings.
- Operating income improved to $0.51 million (vs. $0.17 million). Six-month operating income of $0.51 million reversed a $0.21 million loss in FY 2024.
- Other income of $1.46 million reflects ERC refunds (net of $0.41 million consulting fees), lifting pre-tax income to $1.88 million.
- Net income from continuing operations reached $1.48 million (EPS $0.29) versus a small loss last year; six-month net income $1.43 million versus a $0.43 million loss.
Segment performance
- Agricultural Products: Revenue down 11.6 % to $4.03 million; operating loss $0.05 million. Management cites weak row-crop prices and high rates; expects destocking to bottom within 12–18 months.
- Modular Buildings: Revenue up 6.3 % to $2.31 million; operating income surged to $0.56 million with 41.7 % margin as large laboratory projects finished below budget.
Balance sheet & liquidity
- Cash rose to $4,534; line-of-credit balance cut to $1.06 million (from $1.93 million).
- Total liabilities fell 21 % to $7.26 million; equity climbed to $13.62 million.
- Net working capital requirement covenant of $4 million met; next test 30 Nov 2025.
Cash flow
- Operating cash from continuing ops: $1.25 million, boosted by ERC and working-capital releases.
- Investing outflow: $0.21 million for capex; financing outflow: $1.04 million mainly line-of-credit pay-down.
Order backlog
- Combined backlog fell 39 % YoY to $4.73 million (Agricultural $0.86 m; Modular $3.87 m), signaling softer near-term visibility.
Outlook commentary
- Management expects Agricultural demand to improve as dealer inventory normalises and livestock margins remain strong.
- Modular Buildings pipeline remains active; expanded sales leadership aims to tap new research-facility markets.
Key takeaways: The quarter’s profitability is largely attributable to a non-recurring ERC benefit; underlying sales contracted and backlog declined. Nonetheless, lower leverage, higher gross margin and robust Modular Buildings profitability are constructive signs, while Agricultural Products remains pressured.