ART’S-WAY MANUFACTURING CO., INC. - FORM 8-K

On October 5, 2026, Art’s-Way Manufacturing Co., Inc. entered into a $956,000 term loan with Bank Midwest to purchase a new fiberoptic laser and crane system for its Agricultural Products Segment. The loan, governed by a Promissory Note, accrues interest at 6.65% for the first 60 payments and then at 1-month SOFR plus 3.1%. The initial monthly payment is $8,456. The Company also announced its financial results for the three- and nine-month periods ended August 31, 2026. For the nine months, sales increased by 12.3% to $20,110,000, while net income was $230,000, compared to $1,680,000 in the prior year, impacted by a $1,154,000 Employee Retention Credit in fiscal 2025. Agricultural Products segment sales increased by 12.4% for the nine months, but net loss was $725,000 compared to income of $139,000 in the prior year, also affected by the ERC. Modular Buildings segment sales increased by 12.1% for the nine months, with net income of $955,000 compared to $1,541,000 in the prior year. The company highlighted strong demand in both segments, despite rising material and operating costs, and noted a record backlog in Modular Buildings.