{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-011490","form_type":"8-K","ticker":"ARTW","cik":"0000007623","company_name":"ARTS WAY MANUFACTURING CO INC","filed_at":"2024-04-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.918185+00:00","generated_at":"2026-06-04T01:11:46.968680+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Art's-Way posts Q1 net loss of $424K; Ag sales drop 22% but Modular backlog surges 112%","bullets":["Consolidated sales $5.723M, down 19.2% YoY from $7.087M; operating loss of $537K vs prior-year income of $444K.","Net loss of $424K ($0.09 diluted loss) vs net income of $350K ($0.07) in Q1 fiscal 2023.","Agricultural Products segment sales fell 22.2% to $4.236M; company began layoffs and offered early retirement.","Modular Buildings sales down 9.4% to $1.487M but backlog hit $8.94M (+112.4%), largest in 10 years.","Consolidated backlog $11.416M (-4.9%); Ag backlog fell 68.2% to $2.476M on lower commodity prices."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-011490","json":"https://secwatch.observer/filing/0001437749-24-011490.json","markdown":"https://secwatch.observer/filing/0001437749-24-011490.md","text":"https://secwatch.observer/filing/0001437749-24-011490.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/7623/000143774924011490/0001437749-24-011490-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/7623/000143774924011490/artw20240408_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T01:11:46.968680+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"88615885ae14e2cdf96715d9dac4934223cb5abb","claim":"ARTS WAY MANUFACTURING CO INC reported three months ended February 29, 2024 results: revenue $5,723,000, net income ($424,000 ), EPS ($0.09).","evidence_excerpt":"its financial results for the first quarter of fiscal 2024. For the Three Months Ended (Consolidated - Continuing Operations) February 29, 2024 February 28, 2023 Sales $ 5,723,000 $ 7,087,000 Operating Income (Loss) $ (537,000 ) $ 444,000 Net Income (Loss) $ (424,000 ) $ 350,000 EPS (Basic) $ (0.09 ) $ 0.07 EPS (Diluted) $ (0.09 ) $ 0.07 Weighted Average","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/7623/000143774924011490/0001437749-24-011490-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months ended February 29, 2024"},{"label":"Revenue","value":"$5,723,000"},{"label":"Net income","value":"($424,000 )"},{"label":"EPS","value":"($0.09)"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}