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No-Code AI Platforms Market worth $24.8 billion by 2029- Exclusive Report by MarketsandMarkets™

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CHICAGO, June 21, 2024 /PRNewswire/ — The No-Code AI Platforms Market is expected to grow from USD 4.9 billion in 2024 to USD 24.8 billion in 2029, at a CAGR of 38.2% during the forecast period, according to a new report by MarketsandMarkets™. No-code AI platforms revolutionize AI adoption by enabling businesses without specialized skills to implement projects quickly and affordably. It offers accessibility, speed, and cost-effectiveness, empowering users to deploy predictive analytics, image and speech recognition, chatbots, fraud detection, and supply chain optimization solutions. However, successful deployment requires careful planning to ensure accuracy, reliability, and security. Integration with existing systems can be complex, and users still need basic AI understanding. Despite challenges, these platforms foster innovation by facilitating rapid prototyping and iteration. Overall, the no-code AI platforms democratize AI capabilities across industries, making sophisticated technologies accessible and manageable for organizations of all sizes.

Browse in-depth TOC on “No-Code AI Platforms Market”

265 – Tables
75 – Figures
375 – Pages

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Scope of the Report

Report Metrics

Details

Market size available for years

2019–2029

Base year considered

2023

Forecast period

2024–2029

Forecast units

USD Billion

Segments Covered

Offering (solutions [by type { reporting & visualization tools, AutoML platforms, and automation platforms (flow builder tools, conversational AI building tools, business process automation tools, and others), and other solution types}, by deployment mode [cloud, and on-premises]}, and services), Technology (predictive analytics, deep learning, natural language processing, computer vision), Data Modality (text, image, video, audio & speech, and multimodal), Application ( workflow automation, text translation & generation, platform building, chatbot & virtual assistants, predictive lead scoring, digital workflow design, visual recognition & object detection, predictive customer churn, and other applications), Vertical (BFSI, retail & ecommerce, automotive, transportation & logistics, government & defense, healthcare & life sciences, telecommunications, energy & utilities, manufacturing, agriculture, IT/ITeS, media & entertainment, and other verticals).

Geographies covered

North America, Europe, Asia Pacific, Middle East & Africa, Latin America

Companies covered

IBM (US), Microsoft (US), Google (US), AWS (US), Salesforce (US), C3 AI (US), H2O. ai (US), Qlik (US), Clarifai (US), DataRobot (US), Dataiku (US), SymphonyAI (US), Altair (US), Levity (Germany), Akkio (US), Aito (Finland), Obviously AI (US), Pecan AI (Israel), Kore.ai (US), Konverse AI (US), Yellow.ai (US), MokeyLearn (US), Roboflow (US), NanoNets (US), Noogata (Israel), Rasa (US), Builder.ai (UK), Appy Pie (US), Accern (US), RunwayML (US), and Bubble (US).

By Offering, the services segment to account for higher CAGR during the forecast period.

The No-Code AI Platforms Market has transformed how businesses harness artificial intelligence without requiring deep programming skills. These platforms provide a variety of services that democratize AI development, serving diverse needs across industries. No-code AI services empower organizations to swiftly create, deploy, and manage machine learning models, effectively reducing time-to-market, enhancing model precision, and optimizing operational workflows. Moreover, they foster collaboration and broaden application scenarios, playing a pivotal role within the no-code AI ecosystem. As businesses increasingly seek agile and efficient AI solutions, these platforms continue to innovate, offering accessible tools that democratize AI capabilities and empower teams to leverage sophisticated technologies without the traditional barriers of technical expertise.

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By Application, the chatbots & virtual assistants is expected to hold the largest market size for the year 2024.

Chatbots & virtual assistants are poised to dominate the No-Code AI Platforms Market, leveraging the power of artificial intelligence to revolutionize customer interactions. These AI-driven tools can seamlessly integrate with existing systems, providing real-time support and personalized experiences across various channels. By utilizing no-code platforms, businesses can rapidly develop and deploy chatbots & virtual assistants without requiring extensive coding expertise. This democratization of AI technology empowers organizations to create bespoke solutions tailored to their specific needs, enhancing customer satisfaction and loyalty. As the market continues to grow, chatbots & virtual assistants are expected to hold the largest share, driving innovation and competitiveness in the no-code AI landscape.

By Vertical, healthcare & life sciences is projected to grow at the highest CAGR during the forecast period.

The healthcare & life sciences sector is anticipated to experience a rapid growth in the No-Code AI Platforms Market. AI integration in healthcare & life sciences has facilitated the development of precision-based diagnostics, treatment protocols, and health management systems. No-code AI platforms simplify application creation, allowing healthcare professionals to tailor solutions without extensive technical skills. This democratization of AI promises personalized treatment plans, predictive analytics for disease progression, and enhanced patient outcomes. As the sector advances, no-code AI platforms will streamline operations, improve diagnosis and treatment, and drive medical innovation.

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Asia Pacific is expected to grow at the highest CAGR during the forecast period.

The Asia-Pacific region is experiencing a notable surge in the adoption of no-code AI platforms. Businesses here are increasingly leveraging these tools to streamline operations, enhance customer experiences, and drive innovation. The appeal lies in their user-friendly interfaces, which empower users without deep technical backgrounds to create and deploy AI solutions quickly. This accessibility is particularly beneficial in diverse markets across Asia-Pacific, where companies can customize AI applications to meet local needs efficiently. Moreover, the scalability and cost-effectiveness of no-code AI platforms make them particularly attractive in a region known for its rapid digital transformation and diverse economic landscapes. As adoption continues to grow, these platforms are poised to reshape industries across Asia-Pacific, from manufacturing to retail & ecommerce and beyond.

Top Key Companies in No-Code AI Platforms Market:

The major No-code AI platforms providers include IBM (US), Microsoft (US), Google (US), AWS (US), Salesforce (US), C3 AI (US), H2O. ai (US), Qlik (US), Clarifai (US), DataRobot (US), Dataiku (US), SymphonyAI (US), Altair (US), Levity (Germany), Akkio (US), Aito (Finland), Obviously AI (US), Pecan AI (Israel), Kore.ai (US), Konverse AI (US), Yellow.ai (US), MokeyLearn (US), Roboflow (US), NanoNets (US), Noogata (Israel), Rasa (US), Builder.ai (UK), Appy Pie (US), Accern (US), RunwayML (US), and Bubble (US). These companies have used both organic and inorganic growth strategies such as product launches, acquisitions, and partnerships to strengthen their position in the No-Code AI Platforms Market.

Browse Adjacent Markets: Artificial Intelligence (AI) Market Research Reports & Consulting

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Artificial Intelligence Market – Global Forecast to 2030

AI Studio Market – Global Forecast to 2029

Image Recognition Market– Global Forecast to 2029

Knowledge Graph Market– Global Forecast to 2028

Bot Services Market– Global Forecast to 2027

Get access to the latest updates on No-Code AI Platforms Companies and No-Code AI Platforms Industry

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

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The Inner Circle acknowledges Robert Cable, CEO as an Inner Circle Lifetime

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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

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Inseye Tiny® Behavioral Co-Processor Unveiled at AWE USA 2026

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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

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McRAE INDUSTRIES, INC. REPORTS EARNINGS FOR THE THIRD QUARTER AND FIRST NINE MONTHS OF FISCAL 2026

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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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