Technology
Bulletproof Glass Market to Reach $29.5 billion, Globally, by 2033 at 12.5% CAGR: Allied Market Research
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1 year agoon
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The global bulletproof glass market is expanding due to rise in security concerns, increase in defense investments, surge in its demand in automotive & banking sectors, and advancements in glass technology enhancing strength, durability, & transparency.
WILMINGTON, Del., May 5, 2025 /PRNewswire/ — Allied Market Research published a report, titled, ‘Bulletproof Glass Market by Application (Bank Security System, Cash-in-Transit, Defense & VIP Vehicles, Government & Law Enforcement, and Others), End User (Automotive, Banking & Finance, Construction, Military, and Others), and Security Level (Security Level-1, Security Level-2, Security Level-3, and Security Level 4 to 8): Global Opportunity Analysis and Industry Forecast, 2024-2033′. According to the report, the ‘bulletproof glass market’ was valued at $9.3 billion in 2023, and is estimated to reach $29.5 billion by 2033, growing at a CAGR of 12.5% from 2024 to 2033.
Download Sample Pages of Research Overview: https://www.alliedmarketresearch.com/request-sample/A10516
Prime Determinants of Growth
The growth of the bulletproof glass market is driven by rise in security concerns across various sectors, including defense, banking, and commercial buildings. Increase in terrorist activities, violent crimes, and geopolitical tensions has led to higher demand for protective solutions. In addition, the automotive industry is witnessing a surge in the adoption of bulletproof glass for armored vehicles. Technological advancements, such as lightweight and multi-layered glass, further support market expansion. In addition, government regulations mandating security measures in public infrastructure contribute to market growth.
Report Coverage & Details:
Report Coverage
Details
Forecast Period
2024–2033
Base Year
2023
Market Size in 2023
$9.3 billion
Market Size in 2033
$29.5 billion
CAGR
12.5 %
No. of Pages in Report
394
Segments covered
Application, End User, Security Level, and Region.
Drivers
Rise in Security Concerns Surge in investments in Defense & Military Increase in its Use in Automotive & Transportation
Opportunity
Advancements in Lightweight & Flexible Bulletproof Glass Integration with Smart Glass Technologies
Restraints
High Production & Installation Costs Weight & Thickness Limitations
Impact of Russia-Ukraine War Scenario
On February 24, 2022 The Russia–Ukraine war has significantly influenced the bulletproof glass market due to heightened security concerns and increased defense spending worldwide. The conflict has led to a surge in demand for armored vehicles, military installations, and secure infrastructure, driving the adoption of bulletproof glass. Governments and private entities are investing in enhanced protective solutions for law enforcement, financial institutions, and commercial establishments.The war has disrupted supply chains, affecting the availability of raw materials and leading to price fluctuations. In response, manufacturers are exploring alternative sourcing strategies and regional production hubs. The ongoing geopolitical instability continues to fuel market growth as nations prioritize security measures to safeguard personnel, assets, and critical infrastructure from potential threats.
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The defense and VIP vehicles segment held the highest market share in 2023.
On the basis of application, the defense and VIP vehicles segment held the highest market share in 2023, accounting for more than one-fourth of the global bulletproof glass market revenue. This is due to surge in security concerns and increasing military expenditures. Governments worldwide are investing in armored vehicles to protect personnel from ballistic threats, driving demand for advanced bulletproof glass. However, the bank security system segment is projected to manifest the fastest CAGR of 15.9% from 2023 to 2033, this is due to rise in concerns over thefts, robberies, and attacks on financial institutions. Increased investments in secure infrastructure, strict regulatory mandates, and advancements in bulletproof glass technology are driving adoption in banking security applications.
The automotive segment held the highest market share in 2023.
On the basis of end user, the automotive held the highest market share in 2023, accounting for more than one-third of the global bulletproof glass market revenue. This is due to increase in demand for armored vehicles in military, law enforcement, and VIP transportation. Rising security concerns, technological advancements in lightweight bulletproof glass, and government initiatives for vehicle protection further fueled market growth in this automotive. However, the construction segment is projected to manifest the fastest CAGR of 16.2% from 2023 to 2033, This is due to increasing security concerns in commercial buildings, government facilities, and public spaces. Rise in investments in high-security infrastructure, stricter safety regulations, and advancements in durable, impact-resistant glass are driving demand for bulletproof glass in construction.
The security level-2 segment held the highest market share in 2023.
On the basis of security level, the security level-2 segment held the highest market share in 2023, accounting for more than one-third of the global bulletpproof glass market revenue. This is primarily due to its widespread use in banks, retail stores, and commercial buildings. It offers protection against medium-level threats, such as handguns, while remaining cost-effective and lightweight, making it a preferred choice for various security applications. However, the security level-4 to 8 segment is projected to manifest the fastest CAGR of 15.0% from 2023 to 2033, This is due to rise in threats requiring higher ballistic protection. Increasing demand from military, law enforcement, and high-security facilities, along with advancements in multi-layered glass technology, is driving adoption for enhanced resistance against high-powered rifles and firearms.
North America held the highest market share in 2023.
On the basis of region, North America held the highest market share in terms of revenue in 2023, accounting more than one-third of the global bulletproof glass market revenue. This is due to high defense spending, stringent security regulations, and increasing threats from violent crimes and terrorism. The strong presence of key manufacturers, rise in demand for armored vehicles, and its widespread adoption in banks, government buildings, & commercial spaces further drive market growth. In addition, technological advancements and investments in high-security infrastructure contribute to the region’s dominant position in the bulletproof glass market.
However, Asia-Pacific is expected to witness the fastest CAGR of 15.1% from 2023 to 2033, this is due to rising security concerns, increasing defense budgets, and rapid urbanization. Growing investments in high-security infrastructure, expanding automotive and construction sectors, and advancements in bulletproof glass technology further drive market growth across the region.
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Leading Market Players: –
Apogee Enterprises, Inc.China Specialty Glass Co. Ltd.Consolidated Glass Holdings Inc.Total Security SolutionsNippon Sheet Glass Co. Ltd.Saint Gobain S.A.Armar GlassAGC Inc.SCHOTT AGbinswanger Glass
The report provides a detailed analysis of these key players of the global bulletproof glass proof market. These players have adopted different strategies such as expansion and product launch to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Explore AMR’s Extensive ongoing Coverage on Aerospace and Defense Domain:
Non-lethal Weapons Market: Global Opportunity Analysis and Industry Forecast, 2021–2028C5ISR Market: Global Opportunity Analysis and Industry Forecast, 2020-2030Gunshot Detection Market: Global Opportunity Analysis and Industry Forecast, 2021-2031Small Arms Market: Global Opportunity Analysis and Industry Forecast, 2023-2032Shooting Ranges Market: Global Opportunity Analysis and Industry Forecast, 2021-2031Anti-Drone Market: Global Opportunity Analysis and Industry Forecast, 2021-2031Military Drones Market: Global Opportunity Analysis and Industry Forecast, 2021-2031Bulletproof Vests Market: Global Opportunity Analysis and Industry Forecast, 2023-2032Air Defense Systems Market: Global Opportunity Analysis and Industry Forecast, 2021-2031Ballistic Protection Market: Global Opportunity Analysis and Industry Forecast, 2021-2031
About Us
Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides end-to-end solutions along with information, education, advocacy, and networking resources to SMEs and early-stage start-ups to bring excellence to their processes. In addition, we offer a nurturing environment required to develop and grow businesses, including business planning; virtual support; market intelligence; acquiring resources; and getting direct access to finance, suppliers, and other experts to boost the growth of businesses and entrepreneurs.
Our bundled and hassle-free business support systems are customized to meet the needs of SME consultants and industry leaders. Moreover, our large network of skilled consultants and experts help start-ups get the business on a roll.
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Technology
The Inner Circle acknowledges Robert Cable, CEO as an Inner Circle Lifetime
Published
13 minutes agoon
June 15, 2026By
FAIRFAX STATION, Va., June 15, 2026 /PRNewswire/ — Prominently featured in The Inner Circle, Robert Cable, CEO is acknowledged as an Inner Circle Lifetime for his contributions to National Security and Defense Solutions.
Robert Cable has built a distinguished career in national security and defense solutions, recognized for his leadership in supporting mission critical operations and advancing technology integration for government and defense organizations. As the leader of a veteran owned small business, he delivers innovative solutions designed to enhance operational efficiency and safeguard sensitive information.
Mr. Cable specializes in national security operations, defense technology integration, and information security. His work focuses on supporting software defined warfare capabilities and ensuring that government agencies are equipped with the tools and systems necessary to maintain readiness in complex and evolving environments. His solutions emphasize reliability, efficiency, and the protection of advanced technologies.
A former United States Navy officer who achieved the rank of O5, Mr. Cable brings extensive military leadership experience to his work in the private sector. He has successfully transitioned his service background into building and leading a business that supports critical national security initiatives and defense operations on a global scale.
Throughout his career, Mr. Cable has remained committed to mission driven leadership and teamwork. His philosophy emphasizes rapid response, collaboration, and the importance of viewing colleagues as teammates working toward a shared objective. This approach has contributed to the continued growth and effectiveness of his organization.
In addition to his professional accomplishments, Mr. Cable maintains affiliations with organizations such as the Navy League and the Capitol Hill Club. He values the support of his family, friends, and teammates, who have played an important role in his journey. He is also a proud father of two sons and acknowledges his daughter in law, who serves as the company’s lead scientist.
Outside of his professional work, he enjoys hot rods, outdoor activities, and sports, maintaining a balanced lifestyle while continuing to pursue excellence in his field.
Looking ahead, Mr. Cable remains focused on addressing complex national security challenges and developing innovative solutions that strengthen operational readiness and defense capabilities.
Guided by a philosophy rooted in tenacity, teamwork, and mission focus, Mr. Cable continues to make a meaningful impact in the field of national security and defense.
Contact: Katherine Green, 516-825-5634, editorialteam@continentalwhoswho.com
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SOURCE The Inner Circle
Technology
Inseye Tiny® Behavioral Co-Processor Unveiled at AWE USA 2026
Published
13 minutes agoon
June 15, 2026By
Industry-first innovation brings always-on user context and intentional UI to next-generation intelligent eyewear collections
LONG BEACH, Calif. and DOVER, Del., June 15, 2026 /PRNewswire/ — Inseye Technologies Inc. today announced that it will introduce and demonstrate Inseye Tiny®, its latest eye-motion sensor at AWE USA 2026 (Booth #1046) in Long Beach, California.
Behavioral co-processor: always-on | <10 mW | 100 Hz | camera-free & zero moving partsBehavioral signals bring user context to AI assistanceIntuitive gaze gestures drive intentional user interfaces (UI)Inseye is on track for Q4 2026 eval kit shipments to OEM partnersLive at AWE Builder’s Stage: June 16, 3:45pm (Promenade Room 104B) “From Eye Movements to User Context: Building More Personal AI Glasses with Inseye Tiny®” Speaker: Piotr Krukowski, CEO, Inseye TechnologiesVisit Inseye at Booth #1046 for in-person demos
Leading OEMs are rapidly scaling the number of sensors including cameras, microphones, and other inputs that connect with multimodal AI models to serve intelligent assistance to users of artificial intelligence (AI) glasses. But one critical signal remained elusive until now: the understanding of the user’s state and intent.
Enabling Contextual AI Assistance: Knowing How to Help & When to Stay Quiet
“A truly intelligent assistant is never intrusive but always understands precisely if and how the user needs help and which experience to activate next,” said Piotr Krukowski, CEO of Inseye Technologies. “When the user is in a focused state of flow, the best interface is likely no interface at all. Inseye Tiny® provides AI glasses with this high-fidelity behavioral signal while also meeting the most demanding form factor, weight, robustness, and power requirements of everyday eyewear.”
The Behavioral Layer: Understanding User Activities
“Inseye Tiny® samples eye-movement with high temporal resolution and decodes patterns associated with visual tasks such as reading or scanning text, searching, focus stability, context switching, distraction, and other user activies,” explains Michal Meina, CTO of Inseye Technologies. “We then infer signals about user behavior and state and deliver these to the application layer. By analyzing these behavioral patterns over days and weeks, Tiny® can help users understand when they work best, when their focus tends to drift, and how different environments or routines affect their productivity. Additionally, it is Inseye’s camera-free sensing technology and zero moving parts that make our solution privacy-first and ultra-robust by design. Tiny® is uniquely fit to function in sensitive and harsh environments.”
The UI Layer: From Intuitive Gaze Gestures to Intentional UI
“The human gaze is not a mouse pointer,” said Klaudia Borowczyk, COO of Inseye Technologies. “With Inseye Tiny® we are now able to detect and evaluate subtle, intuitive gaze patterns (“gaze gestures”), infer the user’s intent, and complete short and satisfying UI interactions.”
The UI layer supports all frequently used actions such as activating the display, selecting an app, scrolling text, answering/rejecting incoming calls, switching dashboards, or unfolding a notification.
Combining the UI and behavioral layer helps developers build low friction experiences with a deeper, contextual understanding of the user.
“The result is a shift from reactive AI glasses to proactive AI glasses: systems that respond not only to external events, but also use user attention, intent, and current activity to decide which choices to present and which action to take next” summarized Klaudia Borowczyk, “And we can’t wait to see the experiences you will build on Inseye Tiny®.”
Evaluation Kit Availability
Inseye announces that it has successfully started pilot manufacturing and is now taking pre-orders from qualified OEMs, ODMs, and eyewear companies. The company plans to ship Inseye Tiny® evaluation kits and support integration, verification, and validation projects starting November 2026. To submit a pre-order request for quotation, please visit https://inseye.tech/en/request-devkit/
About Inseye Technologies
Inseye Technologies develops ultra-low-power eye-sensing systems for intelligent eyewear. The company focuses on camera-free, miniaturized sensing architectures that transform eye movement into behavioral signals for context-aware AI interaction, productivity, well-being, and privacy-preserving user context. Inseye operates with a distributed team across Europe, North America, and Asia. For more information, please visit https://inseye.tech/
Forward-Looking Statements
This press release contains forward-looking statements, including statements regarding product development, pilot manufacturing, evaluation kit availability, pre-orders, OEM integration, and future commercialization plans. These statements are based on current expectations and are subject to manufacturing, engineering, supply-chain, and market-adoption risks. Inseye Tiny® productivity and well-being features are intended to provide behavioral insights and are not intended to diagnose, treat, cure, or prevent any disease or medical condition.
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SOURCE Inseye Technologies, Inc
Technology
McRAE INDUSTRIES, INC. REPORTS EARNINGS FOR THE THIRD QUARTER AND FIRST NINE MONTHS OF FISCAL 2026
Published
13 minutes agoon
June 15, 2026By
MOUNT GILEAD, N.C., June 15, 2026 /PRNewswire/ — McRae Industries, Inc. (Pink Sheets: MCRAA and MCRAB) reported consolidated net revenues for the third quarter of fiscal 2026 of $27,418,000 as compared to $30,870,000 for the third quarter of fiscal 2025. Net earnings for the third quarter of fiscal 2026 amounted to $858,000, or $0.38 per diluted Class A common share, as compared to $3,160,000, or $1.40 per diluted Class A common share, for the third quarter of fiscal 2025.
Consolidated net revenues for the first nine months of fiscal 2026 totaled $86,569,000 as compared to $87,120,000 for the first nine months of fiscal 2025. Net earnings for the first nine months of fiscal 2026 amounted to $3,262,000, or $1.45 per diluted Class A common share, as compared to net earnings of $6,059,000, or $2.68 per diluted Class A common share, for the first nine months of fiscal 2025.
THIRD QUARTER FISCAL 2026 COMPARED TO THIRD QUARTER FISCAL 2025
Consolidated net revenues totaled $27.4 million for the third quarter of fiscal 2026 as compared to $30.9 million for the third quarter of fiscal 2025. Sales related to our western/lifestyle boot products for the third quarter of fiscal 2026 totaled $19.7 million as compared to $20.2 million for the third quarter of fiscal 2025. This decrease in net revenues was mainly driven by a decrease in our Laredo brand. Revenues from our work boot products decreased from $8.7 million for the third quarter of fiscal 2025 to $7.9 million for the third quarter of fiscal 2026. This was primarily a result of decreased orders on military boots. Additionally, third quarter revenues for fiscal 2025 included $2.0 million in land sales through our affiliate American Mortgage Investment Company (AMIC).
Consolidated gross profit for the third quarter of fiscal 2026 amounted to approximately $6.9 million as compared to $9.8 million for the third quarter of fiscal 2025. Gross profit, as a percentage of net revenues, decreased from 31.7% for the third quarter of fiscal 2025 to 25.2% for the third quarter of fiscal 2026. Gross profit in the prior year was positively affected by $1.6 million from the land sale mentioned above. Our margins have also been negatively impacted by tariffs, as we paid $0.8 million in the third quarter for tariffs. Based on current information, we are seeking a refund for these tariff costs (as well as tariff costs for prior periods) but there can be no assurance we will receive any such refunds.
Consolidated selling, general and administrative expenses totaled approximately $6.1 million for the third quarter of fiscal 2026 as compared to $6.3 million for the third quarter of fiscal 2025. This decrease resulted primarily from decreased commissions, offset by an increase in marketing expenses.
As a result of the above, the consolidated operating profit for the third quarter of fiscal 2026 amounted to $0.8 million as compared to $3.5 million for the third quarter of fiscal 2025.
FIRST NINE MONTHS FISCAL 2026 COMPARED TO FIRST NINE MONTHS FISCAL 2025
Consolidated net revenues for the first nine months of fiscal 2026 totaled $86.6 million as compared to $87.1 million for the first nine months of fiscal 2025. Our western and lifestyle product sales totaled $63.8 million for the first nine months of fiscal 2026 as compared to $61.6 million for the first nine months of fiscal 2025. This increase in net revenues was driven by an increase in our Dan Post and Dingo brands, offset by a decrease in our Laredo and El Dorado brands. Net revenues from our work boot business decreased from $24.2 million for the first nine months of fiscal 2025 to $23.3 million for the first nine months of fiscal 2026. This decrease was in our Dan Post and Laredo work brands.
Consolidated gross profit totaled $22.1 million, or 25.6%, for the first nine months of fiscal 2026 as compared to $25.3 million, or 29.0%, for the first nine months of fiscal 2025. This decrease was not only driven by the land sale mentioned above, but also $3.0 million in tariffs paid in this fiscal year. Based on current information, we are seeking a refund for these tariff costs (as well as tariff costs for prior periods) but there can be no assurance we will receive any such refunds.
Consolidated selling, general and administrative expenses totaled approximately $19.5 million for the first nine months of fiscal 2026 as compared to $19.2 million for the first nine months of fiscal 2025. This increase resulted primarily from increased marketing expenses.
As a result of the above, the consolidated operating profit amounted to $2.6 million for the first nine months of fiscal 2026 as compared to $6.1 million for the first nine months of fiscal 2025.
On April 29th, 2026, McRae Industries, Inc. received a contract award from The United States Government DLA Troops Support for Airforce temperate weather boots. This contract has a 36 month ordering period with first delivery no later than 150 days from contract award. The estimated dollar amount for the award is $15,441,664.
Financial Condition and Liquidity
Our financial condition remained strong at May 2, 2026 as cash and cash equivalents totaled $20.6 million as compared to $31.6 million at August 2, 2025. Our working capital decreased from $85.9 million at August 2, 2025 to $72.5 million at May 2, 2026.
We currently have two lines of credit totaling $6.75 million, all of which was fully available at May 2, 2026. One credit line totaling $1.75 million (which is restricted to one hundred percent of the outstanding receivables due from the Government) expires in January 2027. Our $5.0 million line of credit, which also expires in January 2027, is secured by the inventory and accounts receivable of our Dan Post Boot Company subsidiary.
For the first nine months of fiscal 2026, operating activities provided approximately $4.5 million of cash. Net earnings, as adjusted for depreciation and other non-cash items, contributed approximately $3.2 million of cash. Increased accounts receivable and decreased employee benefits liabilities used approximately $2.0 million of cash. Decreased accounts payable and other assets provided approximately $2.5 million of cash.
Net cash used by investing activities totaled approximately $13.6 million, primarily due to the purchase of fixed assets and securities, offset by the sale of securities.
Net cash used in financing activities totaled $1.8 million, which was used primarily for dividend payments and the repurchase of stock.
We believe that our current cash and cash equivalents, cash generated from operations, and available credit lines will be sufficient to meet our capital requirements for the remainder of fiscal 2026.
Forward-Looking Statements
This press release includes certain forward-looking statements. Important factors that could cause actual results or events to differ materially from those projected, estimated, assumed or anticipated in any such forward-looking statements include: the effect of competitive products and pricing, the potential impact of tariffs on our business, uncertainties concerning the tariff refund program announced in March 2026, risks unique to selling goods to the Government (including variation in the Government’s requirements for our products and the Government’s ability to terminate its contracts with vendors), changes in fashion cycles and trends in the western boot business, loss of key customers, acquisitions, supply interruptions, additional financing requirements, our expectations about future Government orders for military boots, loss of key management personnel, our ability to successfully develop new products and services, and the effect of general economic conditions in our markets.
McRae Industries, Inc. and Subsidiaries
CONSOLIDATED BALANCE SHEETS
(In thousands, except share data)
(Unaudited)
May 2,
2026
August 2,
2025
ASSETS
Current assets:
Cash and cash equivalents
$20,634
$31,593
Equity investments
9,383
8,730
Debt securities
4,963
6,786
Accounts receivable, net
18,945
17,836
Inventories, net
24,325
24,599
Income tax receivable
350
639
Prepaid expenses and other current assets
577
1,611
Total current assets
79,178
91,794
Property and equipment, net
8,824
5,274
Other assets:
Deposits
3
14
Right to Use Asset
1,174
1,589
Real estate held for investment
2,321
2,311
Debt securities
16,327
5,032
Trademarks
2,824
2,824
Total other assets
22,648
11,770
Total assets
$110,650
$108,838
McRae Industries, Inc. and Subsidiaries
CONSOLIDATED BALANCE SHEETS
(In thousands, except share data)
(Unaudited)
May 2,
2026
August 2,
2025
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable
$3,577
$2,093
Accrued employee benefits
548
1,232
Accrued payroll and payroll taxes
973
823
Lease liability
555
555
Other
980
1,143
Total current liabilities
6,633
5,846
Lease liability
619
1,034
Deferred tax liabilities
382
382
Total liabilities
7,634
7,262
Shareholders’ equity:
Common Stock:
Class A, $1 par value; authorized 5,000,000 shares
issued and outstanding, 1,888,332 and 1,892,793
shares, respectively
1,888
1,893
Class B, $1 par value; authorized 2,500,000 shares;
issued and outstanding, 361,904 and 362,977
shares, respectively
362
363
Retained earnings
100,766
99,320
Total shareholders’ equity
103,016
101,576
Total liabilities and shareholders’ equity
$110,650
$108,838
McRae Industries, Inc. and Subsidiaries
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except share data)
(Unaudited)
Three Months Ended
Nine Months Ended
May 2,
May 3,
May 2,
May 3,
2026
2025
2026
2025
Net revenues
$27,418
$30,870
$86,569
$87,120
Cost of revenues
20,520
21,077
64,420
61,859
Gross profit
6,898
9,793
22,149
25,261
Selling, general and administrative expenses
6,114
6,279
19,508
19,190
Operating profit
784
3,514
2,641
6,071
Other income
427
271
1,869
1,733
Earnings before income taxes
1,211
3,785
4,510
7,804
Provision for income taxes
353
625
1,248
1,745
Net earnings
$858
$3,160
$3,262
$6,059
Earnings per common share:
Diluted earnings per share:
Class A
0.38
1.40
1.45
2.68
Class B
NA
NA
NA
NA
Weighted average number of common shares outstanding:
Class A
1,892,499
1,895,011
1,892,695
1,895,893
Class B
362,906
363,509
362,953
363,720
Total
2,255,405
2,258,520
2,255,648
2,259,613
McRae Industries, Inc. and Subsidiaries
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
(In thousands, except share data)
(Unaudited)
Common Stock, $1 par value
Accumulated Other
Class A
Class B
Comprehensive
Retained
Shares
Amount
Shares
Amount
Income (Loss)
Earnings
Balance, August 3, 2024
1,896,334
$1,897
363,826
$364
$0
$94,805
Cash Dividend ($0.14 per Class A common stock)
(265)
Cash Dividend ($0.14 per Class B common stock)
(51)
Net earnings
1,846
Balance, November 2, 2024
1,896,334
$1,897
363,826
$364
$0
$96,335
Cash Dividend ($0.84 per Class A common stock)
(1,592)
Cash Dividend ($0.84 per Class B common stock)
(304)
Net earnings
1,053
Balance, February 1, 2025
1,896,334
$1,897
363,826
$364
$0
$95,492
Stock Buyback
(3,541)
(4)
(849)
(1)
(214)
Cash Dividend ($0.14 per Class A common stock)
(266)
Cash Dividend ($0.14 per Class B common stock)
(51)
Net earnings
3,160
Balance, May 3, 2025
1,892,793
$1,893
362,977
$363
$0
$98,121
Common Stock, $1 par value
Accumulated Other
Class A
Class B
Comprehensive
Retained
Shares
Amount
Shares
Amount
Income (Loss)
Earnings
Balance, August 2, 2025
1,892,793
$1,893
362,977
$362
$0
$99,320
Cash Dividend ($0.14 per Class A common stock)
(265)
Cash Dividend ($0.14 per Class B common stock)
(51)
Net earnings
1,449
Balance, November 1, 2025
1,892,793
$1,893
362,977
$362
$0
$100,453
Cash Dividend ($0.42 per Class A common stock)
(795)
Cash Dividend ($0.42 per Class B common stock)
(152)
Net earnings
956
Balance, January 31, 2026
1,892,793
$1,893
362,977
$362
$0
$100,462
Stock Buyback
(4,461)
(4)
(1,073)
(1)
(238)
Cash Dividend ($0.14 per Class A common stock)
(265)
Cash Dividend ($0.14 per Class B common stock)
(51)
Net earnings
858
Balance, May 2, 2026
1,888,332
$1,889
361,904
$361
$0
$100,766
McRae Industries, Inc. and Subsidiaries
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
(Unaudited)
Nine Months Ended
May 2,
May 3,
2026
2025
Cash Flows from Operating Activities:
Net earnings
$3,262
$6,059
Adjustments to reconcile net earnings to net cash used in operating activities
1,214
(3,810)
Net cash provided in operating activities
4,476
2,249
Cash Flows from Investing Activities:
Proceeds from sale of land
–
2,010
Purchase of land
(10)
–
Proceeds from sale of fixed assets
–
263
Capital expenditures
(4,125)
(669)
Purchase of securities
(14,079)
(2,216)
Proceeds from sale of securities
4,600
9,509
Net cash used in investing activities
(13,614)
8,897
Cash Flows from Financing Activities:
Repurchase company stock
(243)
(219)
Dividends paid
(1,578)
(2,529)
Net cash used in financing activities
(1,821)
(2,748)
Net (Decrease) Increase in Cash and Cash equivalents
(10,959)
8,398
Cash and Cash Equivalents at Beginning of Year
31,593
20,723
Cash and Cash Equivalents at End of Period
$20,634
$29,121
View original content:https://www.prnewswire.com/news-releases/mcrae-industries-inc-reports-earnings-for-the-third-quarter-and-first-nine-months-of-fiscal-2026-302800719.html
SOURCE McRae Industries, Inc.
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