Art's-Way Q3 net income $238K vs $56K; Ag segment sales +36% YoY

ARTS WAY MANUFACTURING CO INC

2022-Q3 EPS reported $0.00 revenue$21,028,673

Q3 sales $8.14M (+23.5% YoY); net income $238K vs $56K; diluted EPS $0.05 vs $0.01.
Agricultural Products Q3 sales $6.345M (+36.2%); grinder mixers +20%, beet equipment +170% YTD.
Nine-month net income $6K vs loss of $195K; Ag segment sales +31.7% YTD.
Modular Buildings Q3 sales $1.131M (-13.9%); two large projects (~$7M) pending for fiscal 2023 backlog.
Investing in automation: robotic welders, plasma cutter, Haas mill; expects improved margins in Q4/Q1.

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