Art's-Way Manufacturing

Art's-Way Manufacturing Co., Inc. manufactures and distributes farm machinery niche products. It operates through the following segments: Agricultural Products, Modular Buildings and Tools. The Agricultural Products segment manufactures a variety of specialized farm machinery under its own label including: portable and stationary animal feed processing equipment and related attachments used to mill and mix feed grains into custom animal feed rations, a crop production line that includes grain drill equipment, a line of hay and forage equipment consisting of forage boxes, blowers, running gear, dump boxes and mergers, stalk shredders, a line of portable grain augers, a line of manure spreaders, sugar beet harvesting equipment, a line of land maintenance equipment, moldboard plows, potato harvesters, and reels for combines and swathers. The Modular Buildings segment produces and sells modular buildings, which are custom designed to meet the specific research needs of its customers. It also provides services relating to the design, manufacturing, delivery, installation and renting of the building units that it produces. The Tools segment produces and sells standard single point brazed carbide tipped tools as well as polycrystalline diamond and cubic boron nitride inserts and tools. The company was founded by Arthur Luscombe in 1956 and is headquartered in Armstrong, IA.

Earnings data Q2 2021

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Art's-Way Manufacturing Co., Inc. manufactures and distributes farm equipment products. It operates through the Agricultural Products, and Modular Buildings segments. The Agricultural Products segment manufactures a variety of specialized farm machinery under its own label including portable and stationary animal feed processing equipment and related attachments used to mill and mix feed grains into custom animal feed rations, a line of forage equipment consisting of forage boxes, bale processors, running gear, and dump boxes, a line of manure spreaders, sugar beet harvesting equipment, and a line of dirt work equipment. The Modular Buildings segment produces and sells modular buildings, which are custom designed to meet the specific research needs of its customers. It also provides services relating to the design, manufacturing, delivery, installation and renting of the building units that it produces. The company was founded by Arthur Luscombe in 1956 and is headquartered in Armstrong, IA.

ARMSTRONG, IA / ACCESSWIRE / April 9, 2024 / Art's Way Manufacturing Co., Inc. (Nasdaq:ARTW) (the "Company"), a diversified manufacturer and distributor of equipment serving agricultural and research, announces its financial results for the first quarter of fiscal 2024. Sales: Our consolidated corporate sales from continuing operations for the three- month periods ended February 29, 2024 were $ 5,723,000 compared to $7,087,000 during the same respective period in fiscal 2023, a $1,364,000, or 19.2%, decrease for the three months.

Art's Way Scientific's Growth Surges Forward for Fiscal 2024; Art's Way AG Utilizes Momentum for Difficult AG Market Ahead

ARMSTRONG, IA / ACCESSWIRE / February 9, 2024 / Art's Way Manufacturing Co., Inc. (NASDAQ:ARTW), a diversified, international manufacturer and distributor of equipment serving agricultural and research needs, announces its financial results for fiscal 2023. Agricultural Products: The Company's Agricultural Products segment's net sales for the 2023 fiscal year were $22,467,000 compared to $20,912,000 during the 2022 fiscal year, an increase of $1,555,000, or 7.4%.

Art's Way Announces 18% Revenue Increase, 104% Increase in Income From Continuing Operations

ARMSTRONG, IA / ACCESSWIRE / October 11, 2023 / Art's Way Manufacturing Co., Inc. (Nasdaq:ARTW) (the "Company"), a diversified, international manufacturer and distributor of equipment serving agricultural and research industries, announces its financial results for the third quarter and year to date of fiscal 2023. For the Three Months Ended (Continuing Operations, Consolidated) August 31, 2023 August 31, 2022 Sales $ 8,117,000 $ 7,476,000 Operating Income $ 468,000 $ 500,000 Net Income $ 241,000 $ 304,000 EPS (Basic) $ 0.05 $ 0.06 EPS (Diluted) $ 0.05 $ 0.06 Weighted Average Shares Outstanding: Basic 5,009,041 4,700,422 Diluted 5,009,041 4,700,422 For the Nine Months Ended (Continuing Operations, Consolidated) August 31, 2023 August 31, 2022 Sales $ 23,429,000 $ 19,031,000 Operating Income $ 1,445,000 $ 510,000 Net Income $ 921,000 $ 191,000 EPS (Basic) $ 0.18 $ 0.04 EPS (Diluted) $ 0.18 $ 0.04 Weighted Average Shares Outstanding: Basic 5,000,185 4,633,621 Diluted 5,000,185 4,633,621 Sales from Continuing Operations: Our consolidated corporate sales from continuing operations for the three- and nine-month periods ended August 31, 2023 were $ 8,117,000 and $23,429,000, respectively, compared to $7,476,000 and $19,031,000 during the same respective periods in fiscal 2022, a $641,000, or 8.6%, increase for the three months and a $4,398,000, or 23.1%, increase for the nine months.

Art's Way Announces Revenue Growth for Q3 and First Nine Months of Fiscal 2023, Earnings Growth for the Nine Months Ended August 31, 2023

ARMSTRONG, IA / ACCESSWIRE / July 11, 2023 / Art's Way Manufacturing Co., Inc. (Nasdaq:ARTW) (the "Company"), a diversified, international manufacturer and distributor of equipment serving agricultural, research and steel cutting needs, announces its financial results for the second quarter and year to date of fiscal 2023. For the Three Months Ended (Consolidated) May 31, 2023 May 31, 2022 Sales $ 9,008,000 $ 7,275,000 Operating Income $ 434,000 $ 321,000 Net Income $ 307,000 $ 175,000 EPS (Basic) $ 0.06 $ 0.04 EPS (Diluted) $ 0.06 $ 0.04 Weighted Average Shares Outstanding: Basic 5,014,050 4,629,331 Diluted 5,014,050 4,629,331 For the Six Months Ended (Consolidated) May 31, 2023 May 31, 2022 Sales $ 16,903,000 $ 12,888,000 Operating Income (Loss) $ 982,000 $ (115,000 ) Net Income (Loss) $ 649,000 $ (231,000 ) EPS (Basic) $ 0.13 $ (0.05 ) EPS (Diluted) $ 0.13 $ (0.05 ) Weighted Average Shares Outstanding: Basic 4,995,708 4,599,743 Diluted 4,995,708 4,599,743 Sales: The Company's consolidated corporate sales for the three- and six-month periods ended May 31, 2023 were $9,008,000 and $16,903,000, respectively, compared to $7,275,000 and $12,888,000 during the same respective periods in fiscal 2022, a $1,733,000, or 23.8%, increase for the three months and a $4,015,000, or 31.1%, increase for the six months.

Art's Way Announces Earnings Growth for Q2 and First Six Months of Fiscal 2023 Led By Agricultural Products Segment

ARMSTRONG, IA / ACCESSWIRE / June 7, 2023 / Art's Way Manufacturing Co., Inc. (Nasdaq:ARTW) ("the "Company"), a diversified, international manufacturer and distributor of equipment serving agricultural, research and steel cutting needs, announced today that it intends to discontinue the operations of its Tools segment in the third quarter of its 2023 fiscal year. Operations of the Tools segment are under Ohio Metal Working Products/Art's Way Inc. dba American Carbide Tool, a wholly owned subsidiary of the Company, and specializes in the manufacturing of standard single point brazed carbide tipped tools as well as PCD (polycrystalline diamond) and CBN (cubic boron nitride) inserts and OEM tools.

Art's Way Announces Intention To Discontinue Tools Business

ARMSTRONG, IA / ACCESSWIRE / April 6, 2023 / Art's Way Manufacturing Co., Inc. (Nasdaq:ARTW) (the "Company"), a diversified, international manufacturer and distributor of equipment serving agricultural, research and steel cutting needs, announces its financial results for the first quarter of fiscal 2023. For the Three Months Ended (Consolidated) February 28, 2023 February 28, 2022 Sales $ 7,895,000 $ 5,613,000 Operating Income (Loss) $ 549,000 $ (437,000) Net Income (Loss) $ 342,000 $ (406,000) EPS (Basic) $ 0.07 $ (0.09) EPS (Diluted) $ 0.07 $ (0.09) Weighted Average Shares Outstanding: Basic 4,976,955 4,569,720 Diluted 4,976,955 4,569,720 Sales: The Company's consolidated corporate sales for the three-month period ended February 28, 2023 were $7,895,000 compared to $5,613,000 during the same period in fiscal 2022, an increase of $2,282,000, or 40.7%.

Art's Way Reports Q1 Improvement for Fiscal 2023 Year on Year; 40.7% Revenue Increase, $986,000 Increase in Operating Income

ARMSTRONG, IA / ACCESSWIRE / February 15, 2023 / Art's Way Manufacturing Co., Inc. (NASDAQ:ARTW), a diversified, international manufacturer and distributor of equipment serving agricultural, research and steel cutting needs, announces its financial results for fiscal 2022. For the Twelve Months Ended (Consolidated) November 30, 2022 November 30, 2021 Sales $ 28,400,000 $ 24,965,000 Operating Income $ 333,000 $ 523,000 Net Income $ 98,000 $ 213,000 EPS $ 0.02 $ 0.05 EPS $ 0.02 $ 0.05 Weighted Average Shares Outstanding: Basic 4,707,384 4,515,229 Diluted 4,707,384 4,515,229 Agricultural Products: Our Agricultural Products segment's net sales for the 2022 fiscal year were $20,912,000 compared to $16,826,000 during the 2021 fiscal year, an increase of $4,086,000, or 24.3%.

Art's Way Manufacturing Announces Ten Year High Agricultural Product Sales and $1.2 Million of Operating Income in Agricultural Products Segment

ARMSTRONG, IA / ACCESSWIRE / November 4, 2022 / Livestock producers of all sizes depend on Art's Way Manufacturing Co., Inc. (NASDAQ:ARTW), equipment to do the hard work that leads to a profit operation for generations to come. That's why our innovation isn't always focused on bigger is better.

Introducing Small Manure Spreaders with Vertical Beaters from Art's Way

ARMSTRONG, IA / ACCESSWIRE / October 5, 2022 / Art's-Way Manufacturing Co., Inc. (NASDAQ:ARTW), a diversified, international manufacturer and distributor of equipment serving agricultural, research and steel cutting needs, announces its financial results for the third quarter and year to date fiscal 2022. For the Three Months Ended (Consolidated) August 31, 2022 August 31, 2021 Sales $ 8,140,000 $ 6,592,000 Operating Income (Loss) $ 431,000 $ 160,000 Net Income (Loss) $ 238,000 $ 56,000 EPS (Basic) $ 0.05 $ 0.01 EPS (Diluted) $ 0.05 $ 0.01 Weighted Average Shares Outstanding: Basic 4,700,422 4,529,026 Diluted 4,700,422 4,529,026 For the Nine Months Ended (Consolidated) August 31, 2022 August 31, 2021 Sales $ 21,029,000 $ 17,703,000 Operating Income (Loss) $ 315,000 $ (60,000) Net Income (Loss) $ 6,000 $ (195,000) EPS (Basic) $ 0.00 $ (0.04) EPS (Diluted) $ 0.00 $ (0.04) Weighted Average Shares Outstanding: Basic 4,633,621 4,508,986 Diluted 4,633,621 4,508,986 Sales: Our consolidated corporate sales for the three- and nine-month periods ended August 31, 2022 were $8,140,000 and $21,029,000, respectively, compared to $6,592,000 and $17,703,000 during the same respective periods in fiscal 2021, a $1,548,000, or a 23.5% increase for the three months and a $3,326,000, or 18.8% increase for the nine months.

Art's Way Manufacturing's Core Agricultural Products Segment Reports 31.7% Revenue Increase For The Nine Months Ending August 31, 2022 Driven By High Demand For Grinder Mixers And Sugar Beet Equipment

ARMSTRONG, IA / ACCESSWIRE / July 6, 2022 / Art's-Way Manufacturing Co., Inc. (Nasdaq:ARTW), a diversified, international manufacturer and distributor of equipment serving agricultural, research and steel cutting needs, announces its financial results for the second quarter and year to date fiscal 2022. For the Three Months Ended (Consolidated) May 31, 2022 May 31, 2021 Sales $ 7,275,000 $ 5,710,000 Operating Income (Loss) $ 321,000 $ 149,000 Net Income (Loss) $ 175,000 $ 64,000 EPS (Basic) $ 0.04 $ 0.01 EPS (Diluted) $ 0.04 $ 0.01 Weighted Average Shares Outstanding: Basic 4,629,331 4,522,514 Diluted 4,629,331 4,522,514 For the Six Months Ended (Consolidated) May 31, 2022 May 31, 2021 Sales $ 12,888,000 $ 11,111,000 Operating Loss $ (115,000 ) $ (220,000 ) Net Loss $ (231,000 ) $ (251,000 ) EPS (Basic) $ (0.05 ) $ (0.06 ) EPS (Diluted) $ (0.05 ) $ (0.06 ) Weighted Average Shares Outstanding: Basic 4,599,743 4,498,687 Diluted 4,599,743 4,498,687 Sales: Our consolidated corporate sales for the three- and six-month periods ended May 31, 2022 were $7,275,000 and $12,888,000, respectively, compared to $5,710,000 and $11,111,000 during the same respective periods in fiscal 2021, a $1,565,000, or 27.4%, increase for the three months and a $1,777,000, or 16.0%, increase for the six months.

Art's Way Manufacturing Reports Profitable Second Quarter And 16% Revenue Increase For First Six Months Of Fiscal 2022

ARMSTRONG, IA / ACCESSWIRE / May 16, 2022 / Art's Way Manufacturing Co., Inc. (NASDAQ:ARTW), announces that its Modular Building segment, Art's Way Scientific, Inc. has been awarded the prestigious 2022 First Place Award for the Relocatable Modular Single Wide by the Modular Building Institute (MBI), at the annual MBI World of Modular Conference in San Antonio, TX. The award winning relocatable modular was designed, manufactured, delivered, and installed at the University of Missouri - Columbia by Art's Way Scientific.

Art's Way Scientific Awarded First Place Finish for Relocatable Modular Single Wide at the 2022 World of Modular Conference

ARMSTRONG, IA / ACCESSWIRE / April 29, 2022 / Art's Way Manufacturing Co., Inc. (NASDAQ:ARTW) was awarded $500,000 through participation in the Manufacturing 4.0 program managed by the Iowa Economic Development Authority. The program was created following the pandemic in order to incorporate more technology into manufacturing.

Art's Way Manufacturing Awarded $500,000 Through IEDA's Manufacturing 4.0 Program

ARMSTRONG, IA / ACCESSWIRE / April 4, 2022 / Art's Way Manufacturing Co., Inc. (Nasdaq:ARTW), a diversified manufacturer taking pride in their livestock and sugar beet equipment, specialized tools, agricultural buildings and modular laboratories announced today that Alumni Capital LP has made a minority investment in the Company to support Art's Way's strategic direction in being a leading manufacturer for the diversified forage and livestock producers. The agreement includes purchases of stock at the discretion of Art's Way in an aggregate amount of $3,000,000.

Art's Way Manufacturing Announces Up To $3 Million in Investment from Alumni Capital LP.

ARMSTRONG, IA / ACCESSWIRE / April 4, 2022 / Art's Way Manufacturing Co., Inc. (NASDAQ:ARTW), a diversified, international manufacturer and distributor of equipment serving agricultural, research and steel cutting needs, announces its financial results for the first quarter of fiscal 2022. For the Three Months Ended (Consolidated) February 28, 2022 February 28, 2021 Sales $ 5,613,000 $ 5,401,000 Operating (Loss) $ (437,000 ) $ (369,000 ) Net (Loss) $ (406,000 ) $ (315,000 ) EPS (Basic) $ (0.09 ) $ (0.07 ) EPS (Diluted) $ (0.09 ) $ (0.07 ) Weighted Average Shares Outstanding: Basic 4,569,720 4,475,279 Diluted 4,569,720 4,475,279 Sales: Our consolidated corporate sales for the three-month period ended February 28, 2022 were $5,613,000 compared to $5,401,000 during the same period in fiscal 2021, an increase of $212,000, or 3.9%.

Art's Way Manufacturing Announces 18.9% Increase in Agricultural Products Segment Revenue over Prior Year for First Quarter of Fiscal 2022, 3.9% Increase for Consolidated Operations

ARMSTRONG, IA / ACCESSWIRE / February 8, 2022 / Art's Way Manufacturing Co., Inc. (NASDAQ:ARTW), a diversified, international manufacturer and distributor of equipment serving agricultural, research and steel cutting needs, announces its financial results for fiscal 2021. For the Twelve Months Ended (Consolidated) November 30, 2021 November 30, 2020 Sales $ 24,965,000 $ 22,409,000 Operating Income (Loss) $ 523,000 $ (3,910,000 ) Net Income (Loss) $ 213,000 $ (2,103,000 ) EPS (Basic) $ 0.05 $ (0.48 ) EPS (Diluted) $ 0.05 $ (0.48 ) Weighted Average Shares Outstanding: Basic 4,515,229 4,393,887 Diluted 4,515,229 4,393,887 Sales: Our consolidated net sales totaled $24,965,000 for the 2021 fiscal year, which represents a 11.4% increase from our consolidated net sales of $22,409,000 for the 2020 fiscal year.

Art's Way Manufacturing Announces Positive Earnings In Fiscal 2021 Despite Supply Chain Challenges In Recovering Economy

Arts-Way Manufacturing Co. Inc. (NASDAQ: ARTW) reported third-quarter FY21 sales growth of ~2% year-over-year to $6.59 million. Sales by segments: Agricultural Products sales $4.66 million (+26.9% Y/Y) and Tools segments $0.619 million (+30.2% Y/Y), and Modular Buildings $1.31 million (-43.4% Y/Y).

Arts-Way Manufacturing Clocks 2% Sales Growth In Q3, Notes Margin Expansion

ARMSTRONG, Iowa, Oct. 13, 2021 /PRNewswire/ -- Art's-Way Manufacturing Co., Inc. (Nasdaq: ARTW), a diversified, international manufacturer and distributor of equipment serving agricultural, research and steel cutting needs, announces its financial results for the third quarter and year to date fiscal 2021. For the Three Months Ended (Consolidated) August 31, 2021 August 31, 2020 Sales $ 6,592,000 $ 6,465,000 Operating Income (Loss) $ 160,000 $ (513,000) Net Income (Loss) $ 56,000 $ (424,000) EPS (Basic) $ 0.01 $ (0.10) EPS (Diluted) $ 0.01 $ (0.10) Weighted Average Shares Outstanding: Basic 4,529,026 4,426,850 Diluted 4,529,026 4,426,850   For the Nine Months Ended (Consolidated) August 31, 2021 August 31, 2020 Sales $ 17,703,000 $ 16,937,000 Operating Loss $ (60,000) $ (1,908,000) Net Loss $ (195,000) $ (1,663,000) EPS (Basic) $ (0.04) $ (0.38) EPS (Diluted) $ (0.04) $ (0.38) Weighted Average Shares Outstanding: Basic 4,508,986 4,358,982 Diluted 4,508,986 4,358,982 Sales: Our consolidated corporate sales for the three- and nine-month periods ended August 31, 2021 were $6,592,000 and $17,703,000, respectively, compared to $6,465,000 and $16,937,000 during the same respective periods in fiscal 2020, a $127,000, or a 2.0%, increase for the three months and a $766,000, or 4.5%, increase for the nine months.

Art's-Way Manufacturing Announces Second Straight Profitable Quarter And $1.8 Million Improvement In Operating Income For The First Nine Months Of Fiscal 2021

ARMSTRONG, Iowa, April 7, 2021 /PRNewswire/ -- Art's Way Manufacturing Co., Inc. (Nasdaq: ARTW), a diversified, international manufacturer and distributor of equipment serving agricultural, research and steel cutting needs, announces its financial results for the first quarter of fiscal 2021. For the Three Months Ended (Consolidated) February 28, 2021 February 29, 2020 Sales $ 5,401,000 $ 5,026,000 Operating (Loss) $ (369,000) $ (470,000) Net (Loss) $ (315,000) $ (437,000) EPS (Basic) $ (0.07) $ (0.10) EPS (Diluted) $ (0.07) $ (0.10) Weighted Average Shares Outstanding: Basic 4,475,279 4,315,481 Diluted 4,475,279 4,315,481 Sales: Our consolidated corporate sales for the three-month period ended February 28, 2021 were $5,401,000 compared to $5,026,000 during the same period in fiscal 2020, an increase of $375,000, or 7.5%.

Art's Way Manufacturing Announces 7.5% Increase In Revenue Over Prior Year For First Quarter Of Fiscal 2021

ARMSTRONG, Iowa, July 9, 2020 /PRNewswire/ -- Art's Way Manufacturing Co., Inc. (Nasdaq: ARTW), a diversified, international manufacturer and distributor of equipment serving agricultural, research and steel cutting needs, announces its financial results for the second quarter and year to...

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