Arts Way Manufacturing Co Inc (NASDAQ: ARTW) |
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Price: $1.6860
$0.05
2.805%
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Day's High:
| $1.6895
| Week Perf:
| 0.96 %
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Day's Low: |
$ 1.65 |
30 Day Perf: |
-3.1 % |
Volume (M): |
5 |
52 Wk High: |
$ 4.15 |
Volume (M$): |
$ 9 |
52 Wk Avg: |
$1.74 |
Open: |
$1.69 |
52 Wk Low: |
$1.33 |
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Market Capitalization (Millions $) |
9 |
Shares
Outstanding (Millions) |
5 |
Employees |
93 |
Revenues (TTM) (Millions $) |
25 |
Net Income (TTM) (Millions $) |
0 |
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: P.O. Box 288 5556 Highway 9 Armstrong 50514 IA
Company Phone Number: 864-3131 Stock Exchange / Ticker: NASDAQ ARTW
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Stock Performances by Major Competitors |
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Arts Way Manufacturing Co Inc
Investors' attention turns to Arts Way Manufacturing Co Inc as the company concludes the March to May 31, 2024 financial interval, delivering mixed results amidst a challenging market environment. While facing significant headwinds, the company showcased its resilience, indicating potential for future growth. Arts Way Manufacturing Co Inc reported earnings per share (EPS) of $0.00 for the financial period, marking no change from the same period last year. However, when compared to the preceding reporting period, EPS demonstrated stability. These results indicate the company's ability to maintain profitability in uncertain market conditions.
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Arts Way Manufacturing Co Inc
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.
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Arts Way Manufacturing Co Inc
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.
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Arts Way Manufacturing Co Inc
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.
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Art S Way Manufacturing Co Inc
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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Per Share |
Current |
Earnings (TTM) |
0 $ |
Revenues (TTM) |
4.78 $
|
Cash Flow (TTM) |
- |
Cash |
0 $
|
Book Value |
2.36 $
|
Dividend (TTM) |
0 $ |
|
Per Share |
|
Earnings (TTM) |
0 $
|
Revenues (TTM) |
4.78 $ |
Cash Flow (TTM) |
- |
Cash |
0 $
|
Book Value |
2.36 $ |
Dividend (TTM) |
0 $ |
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Agricultural Products |
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50.85 % |
of total Revenue |
Modular Buildings |
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49.15 % |
of total Revenue |
Farm Equipment |
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40.28 % |
of total Revenue |
Farm Equipment Agricultural Products |
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40.28 % |
of total Revenue |
Farm Equipment Service Parts |
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9.05 % |
of total Revenue |
Farm Equipment Service Parts Agricultural Products |
|
9.05 % |
of total Revenue |
Modular Buildings Modular Buildings |
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47.25 % |
of total Revenue |
Modular Buildings Lease Income |
|
0.95 % |
of total Revenue |
Modular Buildings Lease Income Modular Buildings |
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0.95 % |
of total Revenue |
Product and Service Other |
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2.47 % |
of total Revenue |
Product and Service Other Agricultural Products |
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1.51 % |
of total Revenue |
Product and Service Other Modular Buildings |
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0.95 % |
of total Revenue |
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