In Q1 of fiscal 2025, Art's Way said it was still battling high interest rates and low row-crop commodity prices but is starting to see improvement in dealer equipment stock levels.
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Art's Way Manufacturing Co., Inc., a diversified manufacturer and distributor of equipment serving agricultural and research needs, announces its financial results for the second quarter of fiscal 2024 and six months ended May 31, 2024.
Art’s Way Manufacturing was awarded $500,000 through the Manufacturing 4.0 grant managed by the Iowa Economic Development Authority (IEDA). The program was created following the pandemic in order to incorporate more technology into manufacturing.
Consolidated corporate sales for the three-month period ended Feb. 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%.
Consolidated net sales totaled $22,409,000 for the 2020 fiscal year, which represents a 2.1% decrease from consolidated net sales of $22,889,000 for the 2019 fiscal year.
Art’s Way Manufacturing (Nasdaq: ARTW) reported consolidated sales of $6.5 million, up 17.5% vs. the same period a year earlier, in its fiscal third quarter ended Aug. 31, 2020.
Executive editor Kim Schmidt checking in from Farm Equipment headquarters with an update on 2025 Dealership Minds Summit set for July 29-30 in Iowa City.
The program is out. Check it out at DealershipMindsSummit.com.
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