---
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"
generated_at: "2026-06-04T01:11:46.968680+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Art's-Way posts Q1 net loss of $424K; Ag sales drop 22% but Modular backlog surges 112%

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-011490
- JSON: https://secwatch.observer/filing/0001437749-24-011490.json
- Plain text: https://secwatch.observer/filing/0001437749-24-011490.txt

## Key facts
- Earnings Releases
  ARTS WAY MANUFACTURING CO INC reported three months ended February 29, 2024 results: revenue $5,723,000, net income ($424,000 ), EPS ($0.09).
  - Period: three months ended February 29, 2024
  - Revenue: $5,723,000
  - Net income: ($424,000 )
  - EPS: ($0.09)
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/7623/000143774924011490/0001437749-24-011490-index.htm

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