Art’s-Way(US:ARTW)2026-02-04 19:31Financial Performance - Fiscal 2025 sales decreased by $1,524,000, or 6.2%, to $22,975,000 compared to $24,499,000 in fiscal 2024[6] - Net income from continuing operations for fiscal 2025 was $1,035,000, a significant improvement from a net loss of $94,000 in fiscal 2024[6] - Earnings per share (EPS) for fiscal 2025 was $0.20, compared to a loss of $0.02 per share in fiscal 2024[8] Segment Performance - Modular Buildings segment sales increased by $390,000, or 4.0%, to $10,226,000 in fiscal 2025[5] - Agricultural Products segment sales decreased by $1,914,000, or 13.1%, to $12,749,000 in fiscal 2025[6] Operating Expenses - Operating expenses decreased by approximately $872,000, or 12.7%, in fiscal 2025 compared to fiscal 2024[6] External Factors - The price of steel increased by 26% from the end of fiscal 2024 to the end of fiscal 2025, impacting gross profit[4] - The company anticipates improving market conditions in fiscal 2026 due to expected increases in commodity prices and interest rate relief for farmers[4] Strategic Focus - The company is focused on enhancing products and customer experience while maintaining balance sheet health and cash flow[2] - The company received an Employee Retention Credit refund in fiscal 2025 that positively impacted net income by $1,052,000 from continuing operations[6]