Technology
HOME-PRICE TRENDS IN OPPORTUNITY ZONES STILL FOLLOWING NATIONAL PATTERNS DURING FIRST QUARTER OF 2025
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Price Gains Inside Opportunity Zones Targeted for Economic Redevelopment Settle Down Along with Broader U.S. Housing Market During Slow Winter Period
IRVINE, Calif., May 22, 2025 /PRNewswire/ — ATTOM, a leading curator of land, property data, and real estate analytics, today released its first-quarter 2025 report analyzing qualified low-income Opportunity Zones targeted by Congress for economic redevelopment in the Tax Cuts and Jobs Act of 2017 (see full methodology below). In this report, ATTOM looked at 3,558 zones around the United States with sufficient data to analyze, meaning they had at least five home sales in the first quarter of 2025.
The report found that median single-family home and condo prices increased from the fourth quarter of 2024 to the first quarter of 2025 in 48 percent of Opportunity Zones around the country with enough data to measure. That happened as the national median price remained the same.
Medians were up annually in 59 percent of Opportunity Zones during a time when the typical nationwide price went up 8 percent.
As the U.S. housing market boom continued into in its 14th year, median prices grew more than 10 percent annually in close to half the Opportunity Zones analyzed.
Those trends, in and around low-income neighborhoods where the federal government offers tax breaks to spur economic revival, extended a long-term pattern of home values inside Opportunity Zones closely tracking broader nationwide price shifts for at least the last four years. That scenario has held regardless of whether the housing market has seen small, moderate or robust gains.
Despite prices continuing to rise in a majority of Opportunity Zone markets when measured year over year, the first-quarter trends again were mixed, with typical values again rising far more often in higher-priced zones than in the very lowest-priced neighborhoods. That continued to show more significant weakness at the very bottom of the U.S. housing market, suggesting that those areas are reaping the fewest benefits from rising home values and could be more vulnerable if the broader market surge stalls.
Nevertheless, the latest patterns mark yet another sign that some of the most distressed communities in the nation are showing economic strength, or limited weakness, compared to other markets around the country.
By several important measures, Opportunity Zones continued to enjoy even better price trends than the nation as a whole during the first quarter of 2025. For example, annual median price increases bested typical nationwide gains in a slightly larger portion of Opportunity Zones than elsewhere.
“Home-value patterns inside Opportunity Zones remain pretty much in lock-step with the rest of the country, just as we’ve seen ever since we started looking at this niche of the market. From one to another, those very local markets remain volatile, with troubling signs in the very lowest-priced areas. But the big picture shows remarkable, and mostly positive, consistency,” said Rob Barber, CEO for ATTOM. “This likely reflects the ongoing short supply of homes for sale across the country and rising prices, which pushes marginal buyers to roll the dice on locations with varying levels of economic distress.”
Barber added that “the home-buyer money flowing into these communities shows enduring potential for them to turn around, providing solid foundations for investors looking to use the Opportunity Zone incentives.”
Opportunity Zones are defined in the Tax Act legislation as census tracts in or alongside low-income neighborhoods that meet various criteria for redevelopment in all 50 states, the District of Columbia and U.S. territories. Census tracts, as defined by the U.S. Census Bureau, cover areas that have 1,200 to 8,000 residents, with an average of about 4,000 people.
Amid varying levels of economic challenges, typical home values across wide swaths of Opportunity Zones remained far below those around most of the nation in the early months of 2025. Median first-quarter prices inside 80 percent of the zones with enough data to measure stood below the U.S. median of $355,000. That was about the same portion as in other time periods since 2020. In addition, median prices remained less than $200,000 in almost half the zones.
Considerable price volatility also continued inside Opportunity Zones, with median values either dropping or increasing by at least 5 percent in nearly three-quarters those locations from late 2023 to early 2024. That again likely reflected small numbers of sales in many zones.
Still, when taken as a whole, the latest overall trends in Opportunity Zones still generally matched the nationwide path of home prices during the first few months of 2025.
High-level findings from the report:
Median prices of single-family homes and condos increased from the fourth quarter of 2024 to the first quarter of 2025 in 1,491 (48 percent) of the Opportunity Zones around the U.S. with sufficient data to analyze, while staying the same or decreasing in 52 percent. Measured annually, medians remained up from the first quarter of 2024 to same period this year in 1,762 (59 percent) of those zones. (Among the 3,558 Opportunity Zones included in the report, 3,120 had enough data to generate usable median-price comparisons from the fourth quarter of 2024 to the first quarter of 2025; 3,004 had enough data to make comparisons between the first quarter of 2024 and the first quarter of 2025).Both the quarterly and annual trends in Opportunity Zones matched patterns in other areas: median prices rose quarterly and annually in the same portion of census tracts outside of Opportunity Zones – 48 percent and 59 percent.Typical values were up more than 10 percent annually in 42 percent of Opportunity Zones, compared to 37 percent of neighborhoods outside the zones.However, in a continuing potential sign of trouble, median prices were up annually in only 47 percent of Opportunity Zones where homes commonly sold for less than $125,000 during the first quarter of 2025.Among states that had at least 25 Opportunity Zones with enough data to analyze during the first quarter of 2025, the largest portions of zones where median prices increased annually were in Indiana (medians up from the first quarter of 2024 to the first quarter of 2025 in 75 percent of zones), New York (72 percent), Missouri (70 percent), Colorado (69 percent) and New Jersey (65 percent). States where prices were up annually in the smallest portion of zones included Nevada (median prices up in 44 percent of zones), Washington (49 percent), Florida (49 percent), Iowa (52 percent) and Tennessee (52 percent).Of the 3,558 zones in the report, 1,097 (31 percent) had median prices below $150,000 in the first quarter of 2025. That was down from 34 percent of zones with sufficient data a year earlier and 57 percent five years ago. Another 556 zones (16 percent) had medians in the first quarter of this year ranging from $150,000 to $199,999.Median values in the first quarter of 2025 ranged from $200,000 to $299,999 in 24 percent of Opportunity Zones while they topped the nationwide first-quarter national median of $355,000 in just 20 percent.The Midwest continued in the first quarter of 2025 to have larger portions of the lowest-priced Opportunity Zone tracts. Median home values were less than $175,000 in 61 percent of zones in the Midwest, followed by the Northeast (42 percent), the South (39 percent) and the West (6 percent).
Report methodology
The ATTOM Opportunity Zones analysis is based on home sales price data derived from recorded sales deeds. Statistics for previous quarters are revised when each new report is issued as more deed data becomes available. ATTOM’s analysis compared median home prices in census tracts designated as Opportunity Zones by the Internal Revenue Service. Except where noted, tracts were used for the analysis if they had at least five sales in the first quarter of 2025. Median household income data for tracts and counties comes from surveys taken by the U.S. Census Bureau (www.census.gov) from 2019 through 2023. The list of designated Qualified Opportunity Zones is located at U.S. Department of the Treasury. Regions are based on designations by the Census Bureau. Hawaii and Alaska, which the bureau designates as part of the Pacific region, were included in the West region for this report.
About ATTOM
ATTOM powers innovation across industries with premium property data and analytics covering 158 million U.S. properties—99% of the population. Our multi-sourced real estate data includes property tax, deed, mortgage, foreclosure, environmental risk, natural hazard, neighborhood and geospatial boundary information, all validated through a rigorous 20-step process and linked by a unique ATTOM ID.
From flexible delivery solutions—such as Property Data APIs, Bulk File Licenses, ATTOM Cloud, Real Estate Market Trends—to AI-Ready datasets, ATTOM fuels smarter decision-making across industries including real estate, mortgage, insurance, government, and more.
Media Contact:
Megan Hunt
Megan.hunt@attomdata.com
Data and Report Licensing:
949.502.8313
datareports@attomdata.com
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SOURCE ATTOM
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Technology
The Inner Circle acknowledges Robert Cable, CEO as an Inner Circle Lifetime
Published
14 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
14 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
14 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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