Art's-Way Q1 sales up 3.9% to $5.6M; net loss widens to $0.09 EPS

ARTS WAY MANUFACTURING CO INC

2023-Q1 EPS reported -$0.09 revenue$5,613,066

Consolidated sales $5,613,000 (+3.9% YoY); net loss $406,000 vs. $315,000 loss last year.
Agricultural Products segment revenue up 18.9% to $4,161,000; demand strong for grinder mixers and beet equipment.
Modular Buildings segment revenue fell 32.8% to $868,000; Tools segment down 4.3% to $584,000.
Company reports record backlog levels across segments, citing early order success and strong commodity prices.
Supply chain and labor shortages persist; management investing in automation (robotic weld cells) to boost efficiency.

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