Art's Way Manufacturing

Iowa farmer Arthur Luscombe founded Art’s Way Manufacturing in 1956, to produce and sell a PTO powered grinder mixer he developed on his farm near Dolliver, Iowa. His first product was a great success that marked the beginning of his amazing career as an inventor and entrepreneur. In 1959, Luscombe moved the company from his original plant in downtown Armstrong to its present location, and the grinder mixer line was expanded to include OEM work for companies such as Massey Ferguson, Owatonna and Case or as it was known then, International Harvester. Today, Art’s Way has approximately 200 employees and operates its 4 business units in 7 facilities. Arthur Luscombe’s dedication to innovation, quality and durability remains the central focus of our products and business practices. We take pride in the quality of our grinder mixers, sugar beet harvesters, graders, plows and other farm machinery, and continue to expand our product lines to meet the needs of our customers.
Company Growth (employees)
Type
Public
HQ
Armstrong, US
Founded
1956
Size (employees)
92 (est)+13%
Art's Way Manufacturing was founded in 1956 and is headquartered in Armstrong, US

Art's Way Manufacturing Office Locations

Art's Way Manufacturing has an office in Armstrong
Armstrong, US (HQ)
5556 Ia 9

Art's Way Manufacturing Data and Metrics

Art's Way Manufacturing Financial Metrics

Art's Way Manufacturing's revenue was reported to be $21.6 m in FY, 2016
$, USD

Revenue (FY, 2016)

21.6 m

Revenue growth (FY, 2015 - FY, 2016), %

(23%)

Gross profit (FY, 2016)

5.3 m

Gross profit margin (FY, 2016), %

25%

Net income (FY, 2016)

(821.3 k)

Market capitalization (23-Jun-2017)

13 m

Closing share price (23-Jun-2017)

3

Cash (30-Nov-2016)

1.1 m

EV

17 m
Art's Way Manufacturing's current market capitalization is $13 m.
$, USDFY, 2013FY, 2014Y, 2015FY, 2016

Revenue

34.2 m36.2 m27.9 m21.6 m

Revenue growth, %

6%(23%)(23%)

Cost of goods sold

25.9 m27.4 m21 m16.2 m

Gross profit

8.4 m8.7 m7 m5.3 m

Gross profit Margin, %

24%24%25%25%

Operating expense total

6.5 m7.1 m7.4 m5.8 m

EBIT

1.8 m1.7 m(403.7 k)

EBIT margin, %

5%5%(1%)

Interest expense

296.6 k351.9 k329.5 k248.6 k

Pre tax profit

2.2 m1.3 m(865.1 k)

Income tax expense

367.3 k(222.3 k)

Net Income

1.6 m935.2 k(557.8 k)(821.3 k)
$, USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

208 k511.7 k447.3 k1.1 m

Current Assets

19.8 m20.1 m20 m17.6 m

PP&E

11.9 m11.7 m9.7 m7.4 m

Goodwill

993.7 k993.7 k375 k375 k

Total Assets

32.8 m32.8 m31.3 m27.2 m

Accounts Payable

806.2 k874.7 k522.4 k469.5 k

Total Debt

5.1 m

Current Liabilities

7.3 m6.5 m7.3 m7.1 m

Additional Paid-in Capital

2.6 m2.6 m2.7 m2.7 m

Retained Earnings

15.6 m16.6 m15.8 m15 m

Total Equity

18.5 m17.5 m

Debt to Equity Ratio

0.3 x

Debt to Assets Ratio

0.2 x

Financial Leverage

1.7 x1.6 x
$, USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

1.6 m935.2 k(557.8 k)

Depreciation and Amortization

704.5 k906.7 k929.2 k672 k

Accounts Receivable

(229.4 k)33.5 k908.7 k458.5 k

Inventories

769.6 k(166.8 k)(609.8 k)1.7 m

Accounts Payable

151.9 k68.4 k(352.3 k)(26.4 k)

Cash From Operating Activities

(2.3 k)1.9 m285 k2.4 m

Purchases of PP&E

(842.1 k)(633.1 k)(292.5 k)(274.1 k)

Cash From Investing Activities

(3.3 m)(617.2 k)(253.6 k)916.5 k

Cash From Financing Activities

2 m(1 m)

Interest Paid

296.6 k356.5 k328.5 k274.8 k

Income Taxes Paid

1.6 m300 k282.6 k4.9 k
$, USDY, 2016

EV/CFO

7.1 x

Revenue/Employee

262.9 k

Debt/Equity

0.3 x

Debt/Assets

0.2 x

Financial Leverage

1.6 x

Art's Way Manufacturing Market Value History

Art's Way Manufacturing Online and Social Media Presence

Art's Way Manufacturing News and Updates

Art's Way Manufacturing Company Life and Culture

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