Art's-Way Q3 Revenue Falls 12.7% as Modular Buildings Lull Offsets Ag Growth
ARTW sits 79% above its 52-week low of $2.05.
Summary
Art's-Way reported Q3 FY2026 revenue down 12.7% year-over-year to $5.6 million, driven by a 26% drop in Modular Buildings sales due to timing of revenue recognition on projects under contract. Nine-month revenue rose 12.3% to $20.1 million, but net income fell to $230,000 from $1.9 million a year ago, largely because a $1.15 million Employee Retention Credit boosted the prior-year period. Gross margin declined 2.1 points to 27.9% on rising steel and operating costs. The company's Modular Buildings backlog remains at a record high, expected to carry through fiscal 2027, but Q3 results show the segment's lumpy revenue recognition. Agricultural Products sales grew 2.7% in Q3 and 12.4% year-to-date, with grinder mixer sales up $1.5 million. EPS for nine months was $0.04 versus $0.33 last year. The stock trades at a $19 million market cap, so the margin compression and quarterly loss are material for a micro-cap.
At the time of this announcement, ARTW was trading at $3.67 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $19.1M. The 52-week trading range was $2.05 to $4.17. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: ACCESS Newswire.