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Art's Way Manufacturing

OverviewSuggest Edit

Art’s Way Manufacturing is a manufacturer of specialized agricultural equipment for the farming and livestock industries. Its product line includes grinder mixers, hay and forage equipment, sugar beet harvesters, land and soil grading equipment, grain processing systems, and other farm machinery. At Art’s Way employees work hard to provide outstanding service and support to its customers, from the central office staff to all Sales Representatives located across the U.S. and Canada. The Company offers superior equipment designed to meet the diverse needs of the farmer and rancher and knowledgeable employees.

TypePublic
Founded1956
HQArmstrong, USMap
Websiteartsway-mfg.com
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Employees (est.) (Nov 2018)128(+17%)
Revenue (FY, 2018)$19.7 M(-4%)
Share Price (Dec 2019)$1.8

Key People/Management at Art's Way Manufacturing

Marc H. McConnell

Marc H. McConnell

Chairman of the Board, Director
J. Ward McConnell

J. Ward McConnell

Vice Chairman of the Board of Directors,
Thomas E. Buffamante

Thomas E. Buffamante

Director
David R. Castle

David R. Castle

Director
Joseph R. Dancy

Joseph R. Dancy

Director
David A. White

David A. White

Director
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Art's Way Manufacturing Office Locations

Art's Way Manufacturing has an office in Armstrong
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Art's Way Manufacturing Financials and Metrics

Art's Way Manufacturing Revenue

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Art's Way Manufacturing's revenue was reported to be $19.73 m in FY, 2018
USD

Revenue (Q3, 2019)

5.5m

Gross profit (Q3, 2019)

1.0m

Gross profit margin (Q3, 2019), %

18.3%

Net income (Q3, 2019)

(289.2k)

EBIT (Q3, 2019)

(304.8k)

Market capitalization (10-Dec-2019)

7.7m

Closing stock price (10-Dec-2019)

1.8

Cash (31-Aug-2019)

5.0k

EV

13.6m
Art's Way Manufacturing's current market capitalization is $7.7 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015Y, 2015FY, 2016FY, 2017FY, 2018

Revenue

27.6m36.5m34.2m36.2m27.9m27.9m21.6m20.7m19.7m

Revenue growth, %

6%(23%)(23%)

Cost of goods sold

20.6m26.4m25.9m27.4m21.0m21.0m16.2m16.6m16.2m

Gross profit

7.0m10.0m8.4m8.7m7.0m7.0m5.3m4.1m3.5m
Quarterly
USDQ3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

9.3m6.3m11.7m11.5m8.4m9.3m9.4m6.2m9.5m11.6m7.3m7.8m6.9m6.4m5.7m6.4m4.4m4.7m6.5m5.4m5.3m5.3m4.1m5.7m5.5m

Cost of goods sold

6.5m4.8m8.5m8.1m6.0m6.7m7.6m4.9m7.1m8.9m5.2m5.6m5.6m4.7m4.2m5.2m3.3m3.9m5.1m4.2m4.2m4.1m3.5m4.8m4.5m

Gross profit

2.7m1.5m3.2m3.4m2.4m2.6m1.7m1.3m2.3m2.7m2.1m2.2m1.3m1.7m1.5m1.2m1.1m811.5k1.4m1.1m1.1m1.2m604.8k959.0k1.0m

Gross profit Margin, %

29%23%27%30%28%28%18%21%25%23%28%28%18%27%26%19%25%17%22%21%21%22%15%17%18%
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

118.9k1.5m208.0k511.7k447.3k1.1m212.4k3.5k

Accounts Receivable

2.0m2.8m3.0m3.0m2.1m1.9m1.5m

Prepaid Expenses

198.9k309.8k242.1k125.2k59.3k275.8k125.1k

Inventories

13.2m14.3m14.9m15.1m15.7m13.5m12.0m10.3m
Quarterly
USDQ3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

213.9k316.5k290.7k335.8k3.6m2.1m1.4m85.9k250.4k237.1k902.0k601.7k643.5k629.3k267.5k501.1k750.8k212.8k393.3k92.8k3.6k4.9k3.2k4.4k5.0k

Accounts Receivable

3.3m3.1m7.4m6.2m2.7m2.4m2.5m2.4m3.3m5.0m2.8m2.9m1.9m2.8m1.5m2.7m1.5m1.9m2.4m1.8m2.1m2.1m1.7m2.7m2.5m

Prepaid Expenses

298.0k381.1k323.2k355.7k329.7k337.9k268.8k623.4k613.9k323.7k458.1k449.4k320.7k228.7k257.1k272.9k414.1k432.8k315.1k425.3k188.2k175.7k302.2k266.1k234.5k

Inventories

13.1m14.4m14.7m13.7m14.1m14.8m13.7m15.9m15.9m15.0m16.1m16.0m16.5m14.7m14.5m13.7m13.2m14.0m13.2m11.1m10.7m10.7m10.2m10.1m9.8m
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

1.2m2.7m1.6m935.2k(557.8k)

Depreciation and Amortization

720.2k853.0k704.5k906.7k929.2k672.0k702.3k960.6k

Inventories

546.7k(130.6k)769.6k(166.8k)(609.8k)1.7m1.6m900.9k

Accounts Payable

(666.9k)312.6k151.9k68.4k(352.3k)(26.4k)203.8k128.4k
Quarterly
USDQ3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

826.0k193.5k1.1m2.1m819.3k1.3m1.4m(258.3k)(5.2k)553.1k168.2k399.8k(395.8k)81.0k24.4k(605.9k)(962.0k)(1.3m)

Depreciation and Amortization

560.9k190.7k377.6k634.0k199.0k370.0k558.3k213.0k441.2k633.1k229.5k459.4k692.7k202.0k409.6k516.9k170.8k342.4k516.6k189.7k408.8k681.9k289.1k549.3k774.1k

Inventories

(659.2k)1.1m(559.9k)435.5k201.1k(492.1k)(855.8k)(998.2k)(945.8k)103.5k(1.0m)(882.0k)(1.4m)1.0m1.2m1.5m296.0k(425.9k)348.9k898.2k437.3k489.2k48.4k151.8k494.2k

Accounts Payable

(309.9k)1.1m1.4m368.1k438.5k208.4k234.6k250.7k223.9k192.2k171.5k64.3k351.1k107.4k94.3k622.4k80.6k923.7k870.4k255.8k384.2k172.9k(7.6k)134.0k233.2k
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USDY, 2019

EV/EBIT

-44.7 x

EV/CFO

36.2 x

Debt/Equity

0.5 x

Debt/Assets

0.3 x

Financial Leverage

1.7 x
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Art's Way Manufacturing Online and Social Media Presence

Art's Way Manufacturing's Trends

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Art's Way Manufacturing News and Updates

July 10, 2019

Art's Way Manufacturing Announces Second Quarter And Year To Date Fiscal 2019 Financial Results

ARMSTRONG, Iowa, July 10, 2019 /PRNewswire/ -- Art's Way Manufacturing Co., Inc. (NASDAQ: ARTW), a diversified manufacturer and distributor of equipment serving agricultural, research and steel cutting needs, announces its financial results for the second quarter and year to date fiscal...

Art's Way Manufacturing Blogs

April 11, 2019

ART’S WAY MANUFACTURING ANNOUNCES FIRST ANNUAL DEALER DAY

Art’s Way Manufacturing’s First Annual Dealer Day Navigating the path through tough times in the agriculture industry, Art’s Way has been working very hard at trying to downsize the amount of debt the company has. As the interaction with end users is swiftly changing, the Art’s Way Board of Director…
April 08, 2019

ART’S WAY MANUFACTURING ANNOUNCES FIRST QUARTER FISCAL 2019 FINANCIAL RESULTS

FOR IMMEDIATE RELEASE April 8, 2019 ART’S WAY MANUFACTURING ANNOUNCES FIRST QUARTER FISCAL 2019 FINANCIAL RESULTS ARMSTRONG, IOWA, April 8, 2019 – Art’s Way Manufacturing Co., Inc. (Nasdaq: ARTW), a diversified, international manufacturer and distributor of equipment serving agricultural, research a…
March 04, 2019

ART’S WAY MANUFACTURING ANNOUNCES AWARD OF $8.4 MILLION PROJECT

FOR IMMEDIATE RELEASE February 19, 2019                                                 ART’S-WAY MANUFACTURING ANNOUNCES AWARD OF $8.4 MILLION PROJECT ARMSTRONG, IOWA, February 19, 2019 – Art’s-Way Manufacturing Co., Inc. (Nasdaq: ARTW), a diversified, international manufacturer and distributor of …
February 06, 2019

ART’S WAY MANUFACTURING ANNOUNCES FISCAL 2018 FINANCIAL RESULTS

FOR IMMEDIATE RELEASE February 4, 2019                                             ART’S WAY MANUFACTURING ANNOUNCES FISCAL 2018 FINANCIAL RESULTS ARMSTRONG, IOWA, February 4, 2019 – Art’s Way Manufacturing Co., Inc. (Nasdaq: ARTW), a diversified, international manufacturer and distributor of […] Th…
October 10, 2018

ART’S WAY MANUFACTURING ANNOUNCES THIRD QUARTER AND YEAR TO DATE FISCAL 2018 FINANCIAL RESULTS

FOR IMMEDIATE RELEASE October 8, 2018                                                 ART’S WAY MANUFACTURING ANNOUNCES THIRD QUARTER AND YEAR TO DATE FISCAL 2018 FINANCIAL RESULTS ARMSTRONG, IOWA, October 8, 2018 – Art’s Way Manufacturing Co., Inc. (Nasdaq: ARTW), a diversified, international manuf…
October 10, 2018

ART’S WAY MANUFACTURING ANNOUNCES SECOND QUARTER AND YEAR TO DATE FISCAL 2018 FINANCIAL RESULTS

FOR IMMEDIATE RELEASE July 11, 2018                                                 ART’S WAY MANUFACTURING ANNOUNCES SECOND QUARTER AND YEAR TO DATE FISCAL 2018 FINANCIAL RESULTS Conference Call Scheduled for July 12, 2018 ARMSTRONG, IOWA, July 11, 2018 – Art’s Way Manufacturing Co., Inc. (NASDAQ: …
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 Art's Way Manufacturing Frequently Asked Questions

  • When was Art's Way Manufacturing founded?

    Art's Way Manufacturing was founded in 1956.

  • Who are Art's Way Manufacturing key executives?

    Art's Way Manufacturing's key executives are Marc H. McConnell, J. Ward McConnell and Thomas E. Buffamante.

  • How many employees does Art's Way Manufacturing have?

    Art's Way Manufacturing has 128 employees.

  • What is Art's Way Manufacturing revenue?

    Latest Art's Way Manufacturing annual revenue is $19.7 m.

  • What is Art's Way Manufacturing revenue per employee?

    Latest Art's Way Manufacturing revenue per employee is $154.1 k.

  • Who are Art's Way Manufacturing competitors?

    Competitors of Art's Way Manufacturing include Zoomlion, Carraro Group and Lantmannen.

  • Where are Art's Way Manufacturing offices?

    Art's Way Manufacturing has an office in Armstrong.

  • How many offices does Art's Way Manufacturing have?

    Art's Way Manufacturing has 1 office.