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)
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 $4.7 m in Q2, 2017
USD

Revenue (Q2, 2017)

4.7 m

Gross profit (Q2, 2017)

811.5 k

Gross profit margin (Q2, 2017), %

17%

Net income (Q2, 2017)

(527.6 k)

EBIT (Q2, 2017)

(721.4 k)

Market capitalization (17-Aug-2017)

9.1 m

Cash (31-May-2017)

212.8 k
Art's Way Manufacturing's current market capitalization is $9.1 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%

General and administrative expense

3.4 m

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)
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

11.6 m7.3 m7.8 m6.9 m6.4 m5.7 m6.4 m4.4 m4.7 m

Cost of goods sold

8.9 m5.2 m5.6 m5.6 m4.7 m4.2 m5.2 m3.3 m3.9 m

Gross profit

2.7 m2.1 m2.2 m1.3 m1.7 m1.5 m1.2 m1.1 m811.5 k

Gross profit Margin, %

23%28%28%18%27%26%19%25%17%

General and administrative expense

1.1 m1 m1.1 m972.3 k953.1 k990.7 k879.2 k848.2 k917.5 k

Operating expense total

1.1 m1 m1.1 m972.3 k953.1 k990.7 k879.2 k848.2 k917.5 k

EBIT

907.8 k329.1 k414.1 k(1 m)149.2 k(33.1 k)(217.2 k)(352.4 k)(721.4 k)

EBIT margin, %

8%5%5%(15%)2%(1%)(3%)(8%)(15%)

Interest expense

(94.1 k)(79.5 k)(81.6 k)(85.5 k)(74 k)(60.2 k)(60.5 k)(63.8 k)(79.3 k)

Pre tax profit

844.5 k244.8 k354 k(1.2 m)120.2 k(75.5 k)(223.8 k)(364.6 k)(737.4 k)

Income tax expense

76.6 k122.4 k(389.5 k)39.2 k(18.9 k)(74.1 k)(110.9 k)(228.5 k)

Net Income

558.2 k168.2 k231.6 k(795.6 k)81 k(56.6 k)(288.3 k)(250 k)(527.6 k)
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

208 k511.7 k447.3 k1.1 m

Inventories

13.5 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

Total Liabilities

9.8 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
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

237.1 k902 k601.7 k643.5 k629.3 k267.5 k501.1 k750.8 k212.8 k

Inventories

15 m16.1 m16 m16.5 m14.7 m14.5 m13.7 m13.2 m14 m

Current Assets

22.2 m21.6 m21.4 m21 m19.9 m18.1 m19.2 m16.3 m17.1 m

PP&E

11.8 m11.5 m11.4 m11.2 m9.5 m9.4 m7.4 m7.4 m6.2 m

Goodwill

993.7 k993.7 k993.7 k375 k375 k375 k375 k375 k375 k

Total Assets

35.1 m34.2 m33.8 m32.7 m30 m28 m29 m26.3 m27.3 m

Accounts Payable

998.4 k1 m939 k1.2 m629.8 k616.7 k1.1 m550.1 k1.4 m

Current Liabilities

8.8 m8.2 m7.9 m8 m6.8 m6.3 m7.7 m8.7 m10.2 m

Additional Paid-in Capital

2.6 m2.7 m2.7 m2.7 m2.7 m2.7 m2.7 m2.8 m2.8 m

Retained Earnings

16.2 m16.5 m16.8 m16 m15.9 m15.8 m15.5 m14.7 m14.2 m

Total Equity

19.5 m18.7 m18.6 m18.6 m18.3 m17.3 m16.8 m

Financial Leverage

1.7 x1.8 x1.6 x1.5 x1.6 x1.5 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
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

558.2 k168.2 k231.6 k(795.6 k)81 k(56.6 k)(288.3 k)(250 k)(527.6 k)

Accounts Payable

998.4 k1 m939 k1.2 m629.8 k616.7 k1.1 m550.1 k1.4 m
USDY, 2017

Revenue/Employee

51 k

Financial Leverage

1.6 x

Art's Way Manufacturing Market Value History

Traffic Overview of Art's Way Manufacturing

Art's Way Manufacturing Online and Social Media Presence

Art's Way Manufacturing News and Updates

BRIEF-Art's Way Manufacturing posts qtrly loss per share of $0.01

* Art's Way Manufacturing announces second quarter and year to date fiscal 2016 financial results

Art's Way Manufacturing Company Life and Culture

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