Art’s Way Manufacturing Co., Inc. (NASDAQ: ARTW), a leading manufacturer and distributor of agricultural machinery, equipment and services announces its financial results for the 3 and 9 months ended August 31, 2010.
Net sales for the 3 months ended August 31, 2010 were $10.6 million. Operating income for the period increased 495.9% vs. the same period in 2009. Operating income for the 9 months ended August 31 increased 166.8% compared with the same period of ‘09.
Consolidated operating income increased 495.9%, from $213,000 for the 3 month period in 2009 to $1,271,000 in the third quarter of 2010, while net income for the same period increased 1061.5%, from $65,000 in 2009 to $752,000. Operating income increased 166.8%, to $1,606,000 from $602,000 for the same period in 2009. Net income for the 9 months ended August 31, 2010 increased 389.3% to $887,000 from $181,000 for the same period in 2009.