---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-019758"
form_type: "8-K"
ticker: "ARTW"
cik: "0000007623"
company_name: "ARTS WAY MANUFACTURING CO INC"
filed_at: "2023-07-12T23:59:59+00:00"
generated_at: "2026-06-13T09:39:45.642379+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Art's-Way Q2 sales up 23.8%, net income $307K; Tools segment discontinuation announced

## Summary
- Q2 fiscal 2023 consolidated sales $9.0M, up 23.8% YoY; net income $307K vs $175K.
- Diluted EPS $0.06 for Q2 and $0.13 YTD, versus $0.04 and ($0.05) in prior-year periods.
- Agricultural Products segment sales $6.4M (+19.8%), Modular Buildings $1.9M (+53.5%).
- Discontinuing Tools segment by July 14, 2023; expects ~$950K cash from liquidation net of $200K costs.
- CEO cites strong demand and improved production; positive outlook for H2 2023 and higher backlog.

## SEC filing metadata
- accession: 0001437749-23-019758
- form_type: 8-K
- ticker: ARTW
- cik: 0000007623
- company_name: ARTS WAY MANUFACTURING CO INC
- filed_at: 2023-07-12T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/7623/000143774923019758/0001437749-23-019758-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/7623/000143774923019758/artw20230711_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-019758
- JSON: https://secwatch.observer/filing/0001437749-23-019758.json
- Plain text: https://secwatch.observer/filing/0001437749-23-019758.txt

## Key facts
- Earnings Releases
  ARTS WAY MANUFACTURING CO INC reported second quarter of fiscal 2023 results: revenue $9,008,000, net income $307,000, EPS $0.06.
  - Period: second quarter of fiscal 2023
  - Revenue: $9,008,000
  - Net income: $307,000
  - EPS: $0.06
  - Result: reported results
  source text: For the Three Months Ended (Consolidated) May 31, 2023 May 31, 2022 Sales $ 9,008,000 $ 7,275,000 Operating Income $ 434,000 $ 321,000 Net Income $ 307,000 $ 175,000 EPS (Basic) $ 0.06 $ 0.04 EPS (Diluted) $ 0.06 $ 0.04
  evidence_url: https://www.sec.gov/Archives/edgar/data/7623/000143774923019758/0001437749-23-019758-index.htm
- Earnings Releases
  ARTS WAY MANUFACTURING CO INC reported first six months of fiscal 2023 results: revenue $16,903,000, net income $649,000, EPS $0.13.
  - Period: first six months of fiscal 2023
  - Revenue: $16,903,000
  - Net income: $649,000
  - EPS: $0.13
  - Result: reported results
  source text: For the Six Months Ended (Consolidated) May 31, 2023 May 31, 2022 Sales $ 16,903,000 $ 12,888,000 Operating Income (Loss) $ 982,000 $ (115,000 ) Net Income (Loss) $ 649,000 $ (231,000 ) EPS (Basic) $ 0.13 $ (0.05 ) EPS (Diluted) $ 0.13 $ (0.05 )
  evidence_url: https://www.sec.gov/Archives/edgar/data/7623/000143774923019758/0001437749-23-019758-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.