Art's-Way Q3 revenue +8.6% to $8.1M; nine-month net income jumps 382% to $0.18/share

ARTS WAY MANUFACTURING CO INC

2023-Q3 EPS reported $0.11 revenue$23,428,681

Q3 revenue $8.117M (+8.6% YoY); net income $241K ($0.05 EPS) vs $304K ($0.06) prior year.
Nine-month revenue $23.429M (+23.1%); net income $921K ($0.18 EPS) vs $191K ($0.04) a year ago.
Agricultural Products segment Q3 sales down 12.8% due to beet equipment timing; YTD up 9.6%.
Modular Buildings segment Q3 sales up 128.7% to $2.587M; YTD up 89.7% to $6.086M.
Tools segment discontinued (June 2023); liquidation ongoing with real estate listed for sale.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ARTS WAY MANUFACTURING CO INC reported third quarter and first nine months of fiscal 2023 results: revenue $8,117,000 and $23,429,000, net income $241,000 and $921,000, EPS $0.05 and $0.18.

Period: third quarter and first nine months of fiscal 2023
Revenue: $8,117,000 and $23,429,000
Net income: $241,000 and $921,000
EPS: $0.05 and $0.18
Result: reported results

Exact text from the filing

financial results for the third quarter and year to date of fiscal 2023. For the Three Months Ended (Continuing Operations, Consolidated) August 31, 2023 August 31, 2022 Sales $ 8,117,000 $ 7,476,000 Operating Income $ 468,000 $ 500,000 Net Income $ 241,000 $ 304,000 EPS (Basic) $ 0.05 $ 0.06 EPS (Diluted) $ 0.05 $ 0.06 Weighted Average Shares Outstanding: Basic

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Source: SEC EDGAR

accession 0001437749-23-028107

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