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Arts Way Manufacturing Co Inc  (ARTW)
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Price: $1.9700 $-0.02 -1.005%
Day's High: $2.01 Week Perf: -1.5 %
Day's Low: $ 1.97 30 Day Perf: -12.44 %
Volume (M): 2 52 Wk High: $ 3.11
Volume (M$): $ 5 52 Wk Avg: $2.28
Open: $2.00 52 Wk Low: $1.85



 Market Capitalization (Millions $) -
 Shares Outstanding (Millions) -
 Employees 113
 Revenues (TTM) (Millions $) 28
 Net Income (TTM) (Millions $) -1
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 1

Arts Way Manufacturing Co Inc

Art’s-Way Manufacturing Co., Inc., a Delaware corporation, began operations as a farm equipment manufacturer in 1956. Since that time, we have become a worldwide manufacturer of agricultural equipment, specialized modular science buildings, pressurized steel vessels, and steel cutting tools. Our principal manufacturing plant is located in Armstrong, Iowa.

We have organized our business into four operating segments. Management separately evaluates the financial results of each segment because each is a strategic business unit offering different products and requiring different technology and marketing strategies. Our agricultural products segment manufactures and distributes farm equipment under our own and private labels and includes the operations of our wholly-owned subsidiaries, Art’s-Way Manufacturing International LTD, a Canadian company (“International”) and Universal Harvester by Art’s-Way, Inc., an Iowa corporation (“UHC by Art’s-Way” or “UHC”), which was merged into the Company effective November 30, 2015. Our pressurized vessels segment manufactures pressure vessels through our wholly-owned subsidiary, Art’s-Way Vessels, Inc., an Iowa corporation. Our modular building segment manufactures modular buildings for various uses, commonly animal containment and research laboratories, through our wholly-owned subsidiary, Art’s-Way Scientific, Inc., an Iowa corporation; and our tools segment manufactures standard single point brazed carbide tipped tools as well as PCD (polycrystalline diamond) and CBN (cubic boron nitride) inserts and tools through our wholly-owned subsidiary, Ohio Metal Working Products/Art’s Way, Inc., an Ohio corporation (“Ohio Metal”).

From its beginnings as a producer of portable grinder mixers, our Agricultural Products segment has grown through developing several new products and with our acquisitions. In 2012, we acquired UHC in Ames, Iowa and began selling reels for combines and swathers as UHC by Art’s-Way. In 2013, we acquired Agro Trend in Clifford, Ontario, through which we now sell industrial snow blowers and agricultural trailers as Art’s-Way Manufacturing International LTD. Today, our Agricultural Products segment manufactures a wide array of products relating to feed processing, crop production, augers, spreaders, hay and forage, tillage and land management, potato harvesting, and sugar beet harvesting equipment. We primarily manufacture products under the Art’s-Way, Miller Pro, Roda, M&W, Badger, and UHC by Art’s-Way brand names. Our Agricultural Products segment also maintains a small volume of OEM work for the industry’s leading manufacturers.

Grinder mixer line. The grinder mixer line represents our original product line. Our founder, Arthur Luscombe, designed the original PTO powered grinder-mixer prior to the Company’s inception. Grinder mixers are used to grind grain and mix in proteins for animal feed. They have several agricultural applications, and are commonly used in livestock operations. Our grinder mixers have wide swing radiuses to allow users to reposition the discharge tube from one side of the tank to the other in one step. Our 6105 grinder mixer offers a 105-bushel tank with a 20-inch hammermill. Our 6140 grinder mixer is a medium sized product with a 140-bushel tank, a 20” hammermill, and an 8” discharge auger. Our 6530 is the largest in the industry at 165-bushel tank with a 26-inch hammermill. It features self-contained hydraulics, and 10-inch discharge augers, which yields the fastest unload times in the industry. Our Cattle Maxx rollermill mixer products offer consistent feed grain rations for beef and dairy operations and are available in 105-bushel, 140-bushel and 165-bushel capacities.

Stationary feed grain processing line. We offer stationary hammermills and rollermills. Harvesting leaves various amounts of extraneous materials that must be removed through processing the seeds. Hammermills are aggressive pre-cleaners that are designed to remove appendages, awns and other chaff from seeds by vigorously scraping the seed over and through the screen. The screen has holes that are big enough to let the seed pass through undamaged, but are small enough to catch and remove the appendages. Our rollermills roll the feed grain to minimize dust, and they fracture the outside hull to release the digestive juices more rapidly. Rolling feed provides more palatable and digestible feed for use in animal feeding operations.

Crop production line. Art’s-Way shredders assure maximum crop shredding and destroy insect habitats. The shredded crop material allows for faster decomposition and restores nutrients to the soil more quickly while providing ground cover to reduce wind and water erosion.

Land management line. Land planes are used to ensure even distribution of rainfall or irrigation by eliminating water pockets, furrows and implement scars in fields. Our land planes have a patented Art’s-Way floating hitch design. We offer pull-type graders to help our customers perform many tasks such as maintaining terraces and waterways, leveling ground, cleaning ditches and removing snow. The pull-type graders follow close to the back of a tractor for leveling uneven areas or for turning in smaller spaces.

Moldboard plow line. The Art’s-Way moldboard plows offer conservation tillage choices to match each customer’s preference. Our moldboard plows are designed to slice and invert the soil to leave a rough surface exposed, and they are primarily used on clean-tilled cropland with high amounts of crop residue.

Sugar beet harvesting line. Our sugar beet defoliators and harvesters are innovative products in the industry due to our focus on continuous improvement, both in reaction to customer requests and in anticipation of our customers’ needs. Our machines can harvest six, eight, or twelve rows at one time. Along with being the first manufacturer to introduce a larger, 12-row harvester, we have begun to sell a self-propelled unit. Our sugar beet defoliators cut and remove the leaves of the sugar beets without damaging them, and the leaf particles are then incorporated back into the soil.

Hay and forage line. We offer highly productive hay and forage tools for the full range of producers. This product line includes high capacity forage boxes for transporting hay from the field with optional running gear to provide superior stability and tracking. High velocity, high volume forage blowers are able to fill the tallest silos with lower power requirements. Cam action rotary rakes and power mergers will gently lift the crop, carry it to the windrow and release it, saving more leaves and forming a faster drying, fluffier windrow. High performance V-style and carted finger wheel rakes offer growers value and include such features as large capacity and high clearance with ease of adjustment and operation. The M&W balers are ideal for the dairy and equine segments that serve niche markets in the East North Central and the East South Central regions of the United States. The primary use of these balers is efficiently turning grass, alfalfa, clover, corn stalks, silage, peanut and straw hay into storable bales to save space and extend the life of these harvested feed sources.

Augers line. Our portable grain auger models are available painted white or hot dipped galvanized. Rolling hopper augers are constructed from 12 gauge tube and ¼” flighting. These augers feature an internal drive with externally mounted gear boxes for proper venting and easier maintenance. Driveline augers are also available with either power take-off unit (PTO) or electric drive. These heavy-duty augers have a reversible gear box which permits PTO operation from either side.

Manure spreaders line. Roda manure spreaders are a well-known name with a rich tradition in the West North Central region of the United States with the origin of the spreaders dating back to the 1950s. We offer vertical and horizontal beaters and rear discharge manure spreaders in both truck-mount and pull-type configurations. Our products are ideal for spreading livestock manure, compost and lime. We offer a scale system, and a scale system with GPS for proper nutrient placement. These spreaders boast a heavy-duty and rugged design with one of the best spread patterns in the industry, allowing for efficient and consistent nutrient and land management.

Reels line. In May of 2012 we purchased the assets of UHC and began selling reels for combines and swathers as UHC by Art’s-Way. These reels have a unique flip over action for self-cleaning in adverse conditions. They are manufactured with extruded aluminum creating a light weight yet strong reel.

Snow blowers line. In June of 2013 we purchased certain assets of Agro Trend, a division of Rojac Industries, Inc. of Clifford, Ontario, Canada and began selling snow blowers, agricultural trailers, and dump boxes as Art’s-Way Manufacturing International LTD. We offer snow blowers in 28 models ranging from 54” wide to 120” wide. The styles also range from compact to heavy duty. Trailers range in sizes from 1.5 ton to 8 ton and we offer two versions of dump boxes.

Pressurized Vessels

We build vessels in carbon steel and stainless steel, ranging from atmospheric (0 PSI) storage vessels up to any PSI pressure rating required. Sizes range from 4” to 168” diameter and larger and to any length of vessel the customer requires.

Modular Buildings

We supply laboratories for bio-containment, animal science, public health, and security requirements. We custom design, manufacture, deliver, and install laboratories and research facilities to meet customers’ critical requirements. In addition to selling these facilities, we also offer a lease option to customers in need of temporary facilities.

Tools

We supply standard single point brazed carbide tipped tools as well as PCD (polycrystalline diamond) and CBN (cubic boron nitride) inserts and tools. Our customers use the tools for various steel cutting applications.



   Company Address: 5556 Highway 9 Armstrong 50514 IA
   Company Phone Number: 208-8467   Stock Exchange / Ticker: NASDAQ ARTW
   


   

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Arts Way Manufacturing Co Inc

Arts Way Manufacturing Co Inc Faces Revenue Decline in First Quarter of 2024



Arts Way Manufacturing Co Inc, a company specializing in the manufacturing of agricultural machinery, recently released its financial results for the fiscal time-frame ending February 29, 2024. The report highlights a break-even per share, a significant decline in revenue, a net loss, and a decrease in inventories and accounts receivable. These figures provide insights into the company's financial performance and indicate potential challenges in the industry.
Breaking Down the Financial Results:
1. Break-even Earnings per Share:
Arts Way Manufacturing Co Inc reported a break-even per share of $0.00 for the fiscal time-frame ending February 29, 2024. This indicates that the company neither earned nor lost money per share during this period. Comparatively, this figure remains unchanged from the previous year and the prior financial reporting period.
2. Declining Revenue:
The company experienced a significant decline in revenue, with a drop of -27.504% to $5.72 million from $7.89 million in the same fiscal reporting period a year ago. Despite this decrease, revenue sequentially increased by 8.792% from $5.26 million.
3. Net Loss:
Arts Way Manufacturing Co Inc logged a net loss of $-0.465 million for the fiscal period ending February 29, 2024. This is in sharp contrast to its break-even position in the same period a year ago. The net loss indicates that the company's expenses exceeded its revenue during this time.

Arts Way Manufacturing Co Inc

Arts Way Manufacturing Co Inc Reports Disappointing Fiscal Fourth Quarter 2023 Results2.

Arts Way Manufacturing Co Inc (ARTW) has reported its fiscal fourth-quarter 2023 results, and they are far from impressive. The company reached break-even in terms of earnings per share (EPS), the same as the previous year and the previous financial reporting period. However, the revenue experienced a significant decline of 28.627% to $5.26 million, compared to $7.37 million in the same period a year ago. Additionally, the sequential revenue decline was even more alarming, as it tumbled by 35.19% from $8.12 million.
Adding to the company's troubles, Arts Way Manufacturing Co Inc reported a net shortfall of $-0.308 million in the fiscal fourth quarter of 2023, a stark contrast to the break-even position during the same period in the previous year.

Arts Way Manufacturing Co Inc

Arts Way Manufacturing Co Inc Struggles with Modest Revenue Reduction but Holds Steady EPS in Fiscal Year 2023

Arts Way Manufacturing Co Inc Sees Unchanged EPS Despite Modest Revenue Reduction
Arts Way Manufacturing Co Inc, a leading industrial machinery and components company, recently reported its fiscal results for the time-frame ending August 31, 2023. The company's earnings per share (EPS) remained unchanged at $0.00, while revenue experienced a modest reduction of -0.28% to $8.12 million compared to the same period last year.
Although the decrease in revenue is not ideal, it should be noted that the deterioration of Arts Way Manufacturing Co Inc's business is not comparable to the rest of the Industrial Machinery and Components sector, which recorded a revenue improvement during the same period. In the previous reporting period, the company had an EPS of $0.00, and its revenue declined by -9.885% from $9.01 million.
Unfortunately, Arts Way Manufacturing Co Inc logged a net loss of $-0.074 million for the fiscal time-frame ending August 31, 2023, instead of balanced books as seen in the corresponding reporting period a year earlier. This net loss can be attributed to various factors, including a seasonal decline in inventories, which now stand at $10.8 million. Although this represents an increase compared to the same period a year ago, it is still lower than the previous quarter.

Art S Way Manufacturing Co Inc

Art's Way Manufacturing Reports Stellar Q2 2023 Results despite Flat Profitability

Art S Way Manufacturing Co Inc, a leading manufacturer of agricultural equipment and specialized machines, recently released its financial report for the second quarter of 2023. Despite a surge in revenue, the company's profitability remained unimpressive, with zero gain recorded at $0.00 per share.
In comparison to the same quarter the previous year, Art S Way Manufacturing saw a notable increase in revenue, jumping by 23.814% to $9.01 million. Sequentially, there was a 14.099% revenue growth from $7.89 million. However, this growth did not translate into improved profitability for the company.
The bottom-line earnings in the second quarter of 2023 amounted to $0.307 million, displaying a significant increase of 74.88% from the zero gain recorded in the corresponding quarter of the previous year. While this growth is positive, the fact that it only resulted in minimal earnings raises concerns about the company's overall financial health.






 

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