Highest-materiality recent filing
Art's-Way Modular Buildings backlog jumps to over $19M from $1.3M after major project awards
Modular Buildings segment awarded major projects; backlog now over $19.0 million, up from $1.3 million in Q1 FY2026 (May 31, 2026).
Art's-Way reports 26% sales increase in H1 FY2026; operating income up 20%
H1 FY2026 sales $14.5M (+26% YoY); operating income $617K (+20%); net income $370K ($0.07 EPS) vs $1.4M ($0.28) prior year which included $1.15M ERC.
Art's-Way enters $500K reserve credit facility for new laser-crane system in Ag segment
$500K revolving line from Bank Midwest, secondary to existing $4M line, matures March 30, 2027.
Art's-Way stockholders approve 500,000-share increase to equity plan at annual meeting
All five director nominees elected: McConnell, Buffamante, White, Westendorf, Ramsey (3.3-3.5M for each).
Art's-Way Q1 fiscal 2026 sales jump 29% to $6.64M; net income $196K, EPS $0.04
Consolidated sales $6.64M, up 29% YoY; operating income $330K vs $2K; net income $196K vs ($56K) loss.
Art's-Way Manufacturing reports fiscal 2025 net income of $1.0M vs loss; sales down 6.2%
Net income from continuing operations $1.035M ($0.20 diluted EPS) vs net loss $0.094M in 2024.
Art's-Way signs $1.4M solar agreement to eliminate 100% of electricity costs
Contract price $1,402,336; 5% paid upon signing, 65% before equipment delivery, 30% after final electrical inspection.
Art's Way Q3 EPS $0.05 vs $0.00; revenue up 9.5% to $6.43M
Net income $254K in Q3 vs $2K; nine-month net income $1.68M vs loss $427K.
Art's-Way Manufacturing Board adopts one-year frequency for say-on-pay votes
Board determined future non-binding advisory votes on named executive officer compensation will be held annually.
Art's-Way Q2 net income $1.48M vs $5K loss; EPS $0.29; sales down 5.8%
Sales of $6.34M in Q2 FY2025, down 5.8% from $6.73M a year ago; H1 sales $11.48M, down 7.8%.
Art's-Way shareholders elect all five director nominees, ratify auditor at 2025 annual meeting
Five directors elected: McConnell, Buffamante, White, Westendorf, Ramsey (for votes 2.93M-3.07M; ~882K broker non-votes each).
Art's-Way Manufacturing narrows Q1 net loss to $56k; modular building sales up 47.5%
Consolidated sales $5.14M, down 10.2% YoY; net loss $56k vs $424k loss in prior year (improvement of $368k).
Art's-Way reports FY2024 loss from continuing ops; Modular segment gains offset Ag decline
Net sales from continuing ops fell 19% to $24.5M; operating income dropped to $461K from $1.53M.
Art’s-Way Manufacturing CEO David King Departs; Chairman Marc McConnell Appointed President and CEO
David King’s employment terminated mutually effective Oct 1, 2024; severance includes 12 weeks salary.
Art's-Way Manufacturing to sell Ohio warehouse for $1.8M; proceeds to retire debt
Signed agreement to sell 39,000 sq ft industrial warehouse in Canton, Ohio to Stoneham Partners for $1.8M.
Art's-Way Q2 revenue down 18.2% to $6.73M; net loss of $5K vs net income of $330K
Agricultural segment sales fell 28.5% to $4.555M; Modular Buildings up 17.2% to $2.175M.
Art's-Way Manufacturing reports 2024 annual meeting results; all proposals pass
Five directors elected: Marc H. McConnell, Thomas E. Buffamante, David A. White, Matthew Westendorf, Randall C. Ramsey received between 2.96M and 3.07M votes for.
Art's-Way posts Q1 net loss of $424K; Ag sales drop 22% but Modular backlog surges 112%
Consolidated sales $5.723M, down 19.2% YoY from $7.087M; operating loss of $537K vs prior-year income of $444K.
Art's-Way FY2023: revenue $30.3M (+18%), continuing ops income $763k (+104%)
Net sales $30.28M, up 18% YoY; operating income $1.53M vs $0.61M.
Art's-Way extends $500K revolver maturity to March 30, 2024
Amended $500,000 revolving line of credit with Bank Midwest; maturity extended from Nov 30, 2023 to March 30, 2024.
Art's-Way Q3 revenue +8.6% to $8.1M; nine-month net income jumps 382% to $0.18/share
Q3 revenue $8.117M (+8.6% YoY); net income $241K ($0.05 EPS) vs $304K ($0.06) prior year.
Art's-Way Q2 sales up 23.8%, net income $307K; Tools segment discontinuation announced
Q2 fiscal 2023 consolidated sales $9.0M, up 23.8% YoY; net income $307K vs $175K.
Art's-Way Manufacturing to close Tools segment (American Carbide Tool) in Q3 FY2023
Closure of Tools segment (American Carbide Tool) approved June 5, 2023; operations to cease in Q3 FY2023.
Art's-Way Manufacturing reports 2023 annual meeting voting results
Stockholders elected five directors: Marc H. McConnell, Thomas E. Buffamante, David A. White, Matthew Westendorf, Randall C. Ramsey.
Art's-Way Q1 revenue up 40.7% to $7.9M; net income of $342K vs loss of $406K YoY
Revenue $7.895M vs $5.613M (+40.7%) for Q1 fiscal 2023 ended Feb 28, 2023.
FY2022 net sales $28.4M (+13.8% YoY); net income $98K ($0.02 EPS) vs $213K ($0.05 EPS) in FY2021.
Art's-Way Q3 net income $238K vs $56K; Ag segment sales +36% YoY
Q3 sales $8.14M (+23.5% YoY); net income $238K vs $56K; diluted EPS $0.05 vs $0.01.
Art's-Way Manufacturing Q2 net income rises to $175K from $64K; revenue up 27%
Q2 revenue $7.275M, up 27.4% YoY; net income $175K ($0.04 EPS) vs $64K ($0.01 EPS).
Art's-Way Manufacturing enters $900K credit facility with Bank Midwest
$550,000 revolving line of credit matures Nov 30, 2022, with monthly interest-only payments.
Art's-Way Manufacturing holds 2022 Annual Meeting; all director nominees elected
Elects 5 directors: McConnell (2.72M for), Buffamante (2.80M), Ramsey (2.85M), White (2.82M), Westendorf (2.82M).
Art's-Way Q1 sales up 3.9% to $5.6M; net loss widens to $0.09 EPS
Consolidated sales $5,613,000 (+3.9% YoY); net loss $406,000 vs. $315,000 loss last year.
Art's-Way Manufacturing enters up to $3M stock purchase agreement with Alumni Capital LP
Sale of up to $3M common stock to Alumni Capital LP; 20,000 initial commitment shares issued.
Art's-Way Manufacturing reports FY2021 net income of $213K vs loss; revenue up 11%
Revenue $24.965M, up 11.4% YoY from $22.409M.
Director David R. Castle to retire from Art's-Way board at 2022 annual meeting
David R. Castle notified the Company on Jan 13, 2022 of his intent to retire.
Art's-Way manufactures second straight profitable quarter, net income $56K in Q3 2021
Q3 net income of $56,000 vs loss of $424,000 YoY; EPS $0.01 vs ($0.10).
Art's-Way posts Q2 net income $64K vs loss $802K; sales up 4.8% YoY
Q2 sales $5.71M, up 4.8% from $5.45M; net income $64K vs net loss $802K a year ago.
On October 1, 2024, Art’s-Way Manufacturing Co., Inc. (the “Company”) and David A. King, the Company’s Chief Executive Officer since 2020, mutually agreed to terminate Mr. King’s employment agreement and employment with the Company effective immediately.
On October 4, 2024, the Company’s Board of Directors appointed Marc H. McConnell, Chairman of the Company’s Board of Directors, to serve as President and Chief Executive Officer, effective immediately.
On January 13, 2022, David R. Castle provided Art’s-Way Manufacturing Co., Inc. (the “Company”) with notice of his intent to retire and not stand for reelection to the Board of Directors of the Company at the 2022 Annual Meeting of the Stockholders.
Max materiality 0.80 · Median 0.65 · Most common event earnings