secwatch.observer — SEC 8-K summary
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Issuer:     ARTS WAY MANUFACTURING CO INC (ARTW)
CIK:        0000007623
Form:       8-K
Filed at:   2023-02-15T23:59:59+00:00
Accession:  0001437749-23-003481
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Art's-Way Manufacturing FY2022 sales up 13.8% to $28.4M; EPS $0.02 vs $0.05; ag segment ops income $1.2M
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- FY2022 net sales $28.4M (+13.8% YoY); net income $98K ($0.02 EPS) vs $213K ($0.05 EPS) in FY2021.
- Agricultural Products segment net sales $20.9M (+24.3% YoY); operating income $1.2M vs $599K.
- Modular Buildings segment net sales $4.7M (-16.6% YoY); operating loss $600K vs income $74K.
- Tools segment net sales $2.75M (+11.9% YoY); operating loss $272K vs loss $150K.
- CEO reports record ag equipment backlog; expects strong modular building revenue increase in FY2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/7623/000143774923003481/0001437749-23-003481-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/7623/000143774923003481/artw20230214_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-003481

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer