earnings
confidence high
sentiment positive
materiality 0.65
Art's-Way Manufacturing Q2 net income rises to $175K from $64K; revenue up 27%
ARTS WAY MANUFACTURING CO INC
2022-Q2 EPS reported
-$0.05
revenue$12,888,420
- Q2 revenue $7.275M, up 27.4% YoY; net income $175K ($0.04 EPS) vs $64K ($0.01 EPS).
- Agricultural Products sales up 37.8% to $5.316M; record backlog across all segments.
- H1 net loss improved to ($231K) from ($251K); operating loss narrowed to ($115K) from ($220K).
- Inventory increased $1.7M due to supply chain prep; new automation equipment installed.
- Management expects strong second half; secured funding from Alumni Capital and Iowa program.