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Archives for January 2009

ART’S WAY MANUFACTURING UNVEILS NEW WEB SITE

Latest News Releases

FOR IMMEDIATE RELEASE
January 27, 2009
For More Information, Contact:
Jim Drewitz, Investor Relations
830-669-2466

 

ART’S WAY MANUFACTURING
UNVEILS NEW WEB SITE

 

ARMSTRONG, Iowa, January 27, 2009 – Art’s Way Manufacturing, Inc. (NASDAQ: ARTW),a leading manufacturer and distributor of niche agricultural machinery, equipment and services, announces the launch of a re-designed web site to better serve the worldwide agricultural equipment marketplace. The http://www.artsway-mfg.com/ web site has been enhanced to provide easier access to all of the company’s unique and diversified farming equipment and improves information about the equipment to individual farmers, farming co-ops and the Company’s growing list of independent farm equipment dealers in the United States.

J. Ward McConnell, Jr., Chairman of the Board, said, “These latest web enhancements enable Art’s Way to provide a superior level of product information and service to ourcustomers. Our goal is to meet our client’s unique needs and informing them electronically about our distinctive pieces of agricultural equipment continues to be thepreferred method. It also incorporates best practices for web site layout and design,making it easier for visitors to find the specific piece of equipment they are looking forand its exact specifications, and a dealer located in their geographic region.”

About Art’s Way Manufacturing, Inc.

Art’s Way manufactures and distributes farm machinery niche products including animal feed processing equipment, sugar beet defoliators and harvesters, land maintenance equipment, crop shredding equipment, plows, hay and forage equipment and top and bottom drive augers. After market service parts are also an important part of the Company’s business. We have two wholly owned subsidiaries. Art’s Way Vessels Inc. manufactures pressurized tanks and vessels; Art’s Way Scientific Inc. manufactures modular animal confinement buildings and modular laboratories.

For More Information, Contact: Jim Drewitz, Investor Relations 830-669-2466
jim@jdcreativeoptions.com

 

Or visit the Company’s website at www.artsway-mfg.com

 

This news release includes “forward-looking statements” within the meaning of the federal securities laws. Statements of anticipated future results are based on current expectations and are subject to a number of risks and uncertainties, including but not limited to, quarterly fluctuations in results, customer demand for the Company’s products, domestic and international economic conditions, the management of growth and other risks detailed from time to time in the Company’s Securities and Exchange Commission filings. Actual results may differ markedly from management’s expectations. The Company cautions readers not to place undue reliance upon any such forward-looking statements.

ART’S WAY MANUFACTURING ANNOUNCES A 15% INCREASE IN REVENUE FOR THE THIRD QUARTER 2008

Latest News Releases

FOR IMMEDIATE RELEASE
October 7, 2008
NEWS
NASDAQ:ARTW

 

ART’S WAY MANUFACTURING ANNOUNCES A 15% INCREASE IN
REVENUE FOR THE THIRD QUARTER 2008

 

Conference Call Scheduled For Wednesday, October 8, 2008 At 9:00AM Central Time

 

ARMSTRONG, IOWA, October 7, 2008 – Art’s Way Manufacturing Co., Inc., (NASDAQ:ARTW) a leading manufacturer and distributor of agricultural machinery, equipment and services announces its financial results for the three and nine months ended August 31, 2008.

 

In conjunction with the release, the Company has scheduled a conference call Wednesday, October 8 at 9:00 AM Central Time. J. Ward McConnell, Jr., Executive Chairman of the Board of Directors of Art’s Way Manufacturing, will be leading the call and discussing third quarter and nine months financial results, the status of the Company and an outlook for the balance of 2008.

 

What: Art’s Way Manufacturing Third Quarter & Nine Months Financial Results.

When: Wednesday, October 8, 2008 at 9:00 AM Central Time.

How: Live via phone by dialing (800) 624-7038. Code: Art’s Way Manufacturing.

Participants to the conference call should call in at least 5 minutes prior to the start time.

 

Financial Highlights For the Three And Nine Months Ended August 31, 2008:

• Net sales for the three months ended August 31, 2008 increased 15% to $9.4 million compared to $8.2 million for the same period in 2007.

• Net sales for the nine months ended August 31, 2008 increased 24.5% to $23.4 million compared to $ 19.2 million for the same period a year ago.

• Year-to-date Earnings Per Share (Basic) are up 2.1% or $0.01 per share compared to 2007.

• As of September 2008, order backlog has increased to $17 million, compared to $12.5 million in September 2007.

 

For the Three Months Ended
August 31, 2008
August 31, 2007
Change
  Revenue
$
9,420,696  
$
8,191,523
15.0%
  Operating Income
$
870,484  
$
1,848,564
-52.9%
  Net Income
$
538,389  
$
930,048
-42.1%
  EPS (Basic)
$
0.14  
$
0.24
-41.7%
  EPS (Diluted)
$
0.13  
$
0.23
-43.5%
  Weighted avg. shares outstanding:
  Basic
3,972,548  
&nbsp
3,956,352
  Diluted
3,989,880  
3,975,904

 

For the Nine Months Ended
August 31, 2008
August 31, 2007
Change
  Revenue
$
23,855,763  
$
19,165,728
24.5%
  Operating Income
$
2,723,604  
$
3,093,826
-12.1%
  Net Income
$
1,904,275  
$
1,868,507
1.9%
  EPS (Basic)
$
0.48  
$
0.47
2.1%
  EPS (Diluted)
$
0.48  
$
0.47
2.1%
  Weighted avg. shares outstanding:
  Basic
3,971,676  
&nbsp
3,956,352
  Diluted
3,994,024  
3,966,850

 

Revenue: Total revenue increased 15%, from $8.2 million to $9.4 million for the three months ended August 31, 2008. Revenue increased 24.5%, from $19.2 million to $23.9 million for the nine month period ended August 31, 2008. Art’s Way Scientific, Inc. increased its nine month revenues by 66%, while Art’s Way Manufacturing Co., Inc. increased its revenues by 45.3% during the same period. These increases were offset by a 93.6% decrease in the revenues of Art’s Way Vessels, Inc.

 

Income: Operating income decreased 52.9% from $1,849,000 to $870,000 for the three months ended August 31, 2008, while net income for the three months ended August 31, 2008 decreased 42.1%, from $930,000 to $538,000. Operating income for the nine months ended August 31, 2008 decreased 12.1% from $3.1 million to $2.7 million, while net income increased 1.9% over the same period. The most significant reason for these reductions in income is due to reduced gross profit margins. Consolidated year-to-date gross profit decreased to 28.6% from 31.1% in 2007. This decrease is due to several different factors. The gross profit for Art’s Way Manufacturing decreased from 35.6% for the third quarter in 2007 to 24.4% for the same period in 2008. While we have been gearing up for full production of the Miller Pro product line, we outsourced many items due to the capacity limitations of our laser cutting machine. We have since purchased a plasma cutter to reduce these expenses. Our manufacturing wage expenses for the quarter were $938,000 compared to $675,000 for the same period in 2007. This increase is a result of hiring and training additional staff for our increased production. These factors, along with the rising costs of our inputs, such as steel and freight, have negatively impacted our gross profits. Art’s Way Vessels has a gross profit of -637.7% and 32.7% in the third quarter of 2008 and 2007, respectively. Certain manufacturing expenses, such as depreciation for manufacturing equipment, and inventory obsolescence, are consistent even while sales are reduced. Also during this time, we had to outsource our engineering work due to the loss of our staff engineer. This position has since been filled. A new general manager has been hired for Art’s Way Vessels as well, and we anticipate increased sales due to his reputation in the water treatment industry. Costs for steel and freight impact the gross profit of Art’s Way Vessels negatively also. Art’s Way Scientific’s gross profit for the third quarter of 2008 was 27.2% compared to 31.4%. The combination of these factors has resulted in a gross profit of 23.4% for the third quarter of 2008, compared to 33.9% for the same period in 2007.

 

Earnings per Share: Earnings per basic share for the three months ended August 31, 2008 decreased to $0.14 as compared to $0.24, a decrease of 41.7% or $0.10 over the earnings per share for the three months ended August 31, 2007. Earnings per basic and diluted share for the nine months ended August 31, 2008 increased 2.1% from $0.47 to $0.48.

J. Ward McConnell Jr., Executive Chairman of the Board of Directors said, “We were able to continue to deliver solid financial results to our shareholders despite challenging economic conditions in the agricultural sector and the rise in raw material costs. As a result, everyone in our organization is keenly focused on productivity improvements and pricing actions critical to achieving our most important priority, which is maintaining margins at an acceptable level.

 

“We are encouraged by the sales increase we reported in the third quarter and nine months driven by strong sales at Art’s Way Scientific. We also continue to make excellent progress on our strategic initiatives to diversify our customer base and continue to grow our business into a global company centered on quality farm equipment and performance innovation. Company wide we are committed to growing our business and delivering shareholder value.”

 

About Art’s Way Manufacturing Co., Inc. (ARTW)

Art’s Way manufactures and distributes farm machinery niche products including animal feed processing equipment, sugar beet defoliators and harvesters, land maintenance equipment, crop shredding equipment, plows, hay and forage equipment. After market service parts are also an important part of the Company’s business. We have two wholly owned subsidiaries, Art’s Way Vessels, Inc. manufactures pressurized tanks and vessels and Art’s Way Scientific, Inc. manufactures modular animal confinement buildings and modular laboratories.

 

This news release includes “forward-looking statements” within the meaning of the federal securities laws. Statements of anticipated future results are based on current expectations and are subject to a number of risks and uncertainties, including but not limited to, quarterly fluctuations in results, customer demand for the Company’s products, domestic and international economic conditions, the management of growth and other risks detailed from time to time in the Company’s Securities and Exchange Commission filings. Actual results may differ markedly from management’s expectations. The Company cautions readers not to place undue reliance upon any such forward-looking statements.

 

For More Information, Contact: Jim Drewitz, Investor Relations 830-669-2466

jim@jdcreativeoptions.com

Or visit the Company’s website at www.artsway-mfg.com

ART’S WAY MANUFACTURING ANNOUNCES A 25.4% INCREASE IN NET INCOME FOR THE FIRST QUARTER 2008

Latest News Releases

FOR IMMEDIATE RELEASE
April 7, 2008
NEWS
NASDAQ:ARTW

 

ART’S WAY MANUFACTURING ANNOUNCES A 25.4% INCREASE IN NET
INCOME FOR THE FIRST QUARTER 2008

 

Conference Call Scheduled For 9:00AM CDT, Wednesday, April 9, 2008

 

ARMSTRONG, IOWA, April 7, 2008 – Art’s-Way Manufacturing Co., Inc., (NASDAQ:ARTW) a leading manufacturer and distributor of agricultural machinery, equipment and services announces its financial results for the three months ended February 29, 2008. In conjunction with the release, the Company has scheduled a conference call Wednesday, April 9, 2008 at 9:00 AM Central Daylight Time.

 

What: Art’s-Way Manufacturing First Quarter Financial Results Conference Call

 

When: Wednesday, April 9, 2008 – 9:00 AM Central Daylight Time

 

How: Live via phone by dialing 800-624-7038. Code: Art’s Way Manufacturing. Participants to the conference call should call in at least 5 minutes prior to the start time.

 

J. Ward McConnell, Jr., Executive Chairman of the Board of Directors of Art’s-Way Manufacturing, will be leading the call and discussing first quarter financial results, the status of the Company, and an outlook for the balance of 2008.

 

Highlights:

• Net sales increased 27.9% to $ 6.7 million compared to $ 5.2 million for the same period a year ago.

• Year-to-date Earnings Per Share are up 26.3% or $0.05 per share compared to 2007.

• As of March 2008, order backlog has increased to $21 million, compared to $12.1 million in March 2007.

 

For the Three Months Ended
February 29, 2008
February 28, 2007
Change
  Revenue
$
6,748,514  
$
5,275,037
27.9%
  Operating Income
$
813,925  
$
506,999
60.5%
  Net Income
$
476,831  
$
380,329
25.4%
  EPS (Basic)
$
0.24  
$
0.19
26.3%
  EPS (Diluted)
$
0.24  
$
0.19
26.3%
  EBITDA
$
995,367  
$
765,645
30.0%
  Weighted avg. shares outstanding:
  Basic
1,985,055  
&nbsp
1,978,176
  Diluted
1,995,745  
1,978,430

 

Revenue: Total revenue increased 27.9%, from $5.28 million to $6.75 million for the three months ended February 29, 2008. A large portion of the increase is due to Art’s-Way Scientific having resumed normal operations after the fire that destroyed their manufacturing facility in January 2007.

 

Income: Operating income increased 60.5% from $507,000 to $814,000 for the three months ended February 29, 2008, while net income for the three months ended February 29, 2008 increased 25.4%, from $380,000 to $477,000. These increases are primarily due to increased sales and improved gross margins.

 

EBITDA: EBITDA (Earnings before interest, taxes, depreciation, and amortization) increased 30% to $995,000 for the three months ended February 29, 2008, as compared to $766,000 for the three months ended February 28, 2007.

 

Earnings per Share: Earnings per diluted and basic share for the three months ended February 29, 2008 increased to $0.24 as compared to $0.19, an increase of 26.3% or $0.05 over the earnings per share for the three months ended February 28, 2007.

 

J. Ward McConnell Jr., Executive Chairman of the Board of Directors said, “I am very pleased our team delivered another quarter of improved financial results. Our first quarter operating results reflect continued robust demand for our products. Our revenue growth for the first quarter 2008 represents a 6%, or $396,000, increase over fourth quarter 2007.”

 

“We have a very strong niche in our markets, and continue to be a recognized and respected manufacturer and distributor of agricultural machinery, equipment and services, providing our customers with high quality products and reliable service. We are very pleased with the steady increase in net income we have seen this quarter. Our backlog has increased to $21 million, a significant improvement over last year.”

 

About Art’s-Way Manufacturing Co., Inc. (ARTW)

Art’s-Way manufactures and distributes farm machinery niche products including animal feed processing equipment, sugar beet defoliators and harvesters, land maintenance equipment, crop shredding equipment, plows, hay and forage equipment. After market service parts are also an important part of the Company’s business. We have two wholly owned subsidiaries, Art’s-Way Vessels Inc. manufactures pressurized tanks and vessels and Art’s-Way Scientific Inc. manufactures modular animal confinement buildings and modular laboratories.

 

This news release includes “forward-looking statements” within the meaning of the federal securities laws. Statements of anticipated future results are based on current expectations and are subject to a number of risks and uncertainties, including but not limited to, quarterly fluctuations in results, customer demand for the Company’s products, domestic and international economic conditions, the management of growth and other risks detailed from time to time in the Company’s Securities and Exchange Commission filings. Actual results may differ markedly from management’s expectations. The Company cautions readers not to place undue reliance upon any such forward-looking statements.

 

For More Information, Contact: Jim Drewitz, Investor Relations 830-669-2466

jim@jdcreativeoptions.com

Or visit the Company’s website at www.artsway-mfg.com

ART’S-WAY ANNOUNCES A 139% INCREASE IN NET INCOME FOR THE FISCAL YEAR 2007

Latest News Releases

FOR IMMEDIATE RELEASE
February 18, 2007
NEWS
NASDAQ:ARTW

 

ART’S-WAY ANNOUNCES A 139% INCREASE IN NET INCOME
FOR THE FISCAL YEAR 2007

The Company Has Scheduled A Conference Call
For Wednesday, February 20, 2008

 

ARMSTRONG, IOWA, February 18, 2007 – Art’s-Way Manufacturing Co., Inc., (NASDAQ:ARTW) a leading manufacturer and distributor of agricultural machinery, equipment and services in the United States and internationally, announces its financial results for the fiscal year ended November 30, 2007. The Company has scheduled a conference call for Wednesday, February 20, 2008 at 9:00 a.m. Central Time,10:00 a.m. Eastern Time.

 

Highlights:

• Net sales increased $5,663,938 compared to the same period a year ago.

• Year to date earnings per share are up $.66 over 2006.

• As of February 2008, order backlog has increased to $15,406,000 compared to $11,792,000 in February 2007.

 

For the Fiscal Year Ended
November 30
2007
2006
Change
  Revenue
$
25,517,750  
$
19,853,812
29%
  Operating Income
$
3,756,850  
$
1,772,840
112%
  Net Income
$
2,233,681  
$
933,540
139%
  EPS (Basic)
$
1.13  
$
0.47
140%
  EPS (Diluted)
$
1.13  
$
0.47
140%
  EBITDA
$
4,109,991  
$
2,129,218
93%
  Weighted avg. shares outstanding:
  Basic
1,978,932  
&nbsp
1,970,676
  Diluted
1,984,307  
1,978,108

 

Revenue: Total revenue increased 29%, from $19.85 million to $25.52 million for the fiscal year ended November 30, 2007. A large portion of the increase is due to the full year of Art’s Way Scientific revenues, versus only four months of revenue included in the same period ended November 30, 2006.

 

Income: Operating income increased from $1.77 million to $3.76 million for the fiscal year ended November 30, 2007, while net income for the fiscal year ended November 30, 2007 increased 139%, from $0.93 million to $2.23 million. These increases are due to an increase in sales and gross margin while holding the costs of operations, sales, and administration down.

 

EBITDA: EBITDA (Earnings before interest, taxes, depreciation, and amortization) increased 93% to $4.1 million for the fiscal year ended November 30, 2007, versus $2.1 million for the fiscal year ended November 30, 2006.

 

Earnings per Share: Earnings per diluted and basic share increased $.66 for the year ended November 30, 2007 to $1.13, which is a 140% increase over the earnings per share for the fiscal year ended November 30, 2006.

 

Ward McConnell, Chairman of the Board of Directors said, “We are very pleased to report these record results for the Company. Our 2007 revenues dramatically increased when compared to 2006 due to our continual quarterly growth from our primary revenue sources and the increasing revenue growth of Art’s Way Scientific, Inc. Our success further validates our client-driven model and our ability to provide high value added services. Our backlog is strong and we also continue to realize incremental operational efficiencies that will contribute to improved results and margins for the coming quarters.”

 

The Company has scheduled a conference call Wednesday, February 20 at 9:00 a.m., Central Time, 10:00 Eastern Time to discuss fiscal year 2007 Twelve Months Financial Results.

 

What: Art’s Way Manufacturing, Inc. Fiscal Year 2007 Twelve Months Financial Results Conference Call

 

When: Wednesday, February 20, 2008 at 9:00 a.m. Central Time- 10:00 a.m. Eastern Time

 

How: Live via phone by dialing 800-624-7038. Code: Art’s Way Manufacturing, Inc. Participants to the Conference call should call in at least 5 minutes prior to the start time.

 

Ward McConnell, Chairman of The Board, will lead the call and discuss the Company’s twelve months financial results.

 

About Art’s Way Manufacturing Co., Inc. (ARTW)

Art’s-Way manufactures and distributes farm machinery niche products including animal feed processing equipment, sugar beet defoliators and harvesters, land maintenance equipment, crop shredding equipment, plows, hay and forage equipment. After market service parts are also an important part of the Company’s business. We have two wholly owned subsidiaries, Art’s-Way Vessels Inc. manufactures pressurized tanks and vessels and Art’s-Way Scientific Inc. manufactures modular animal confinement buildings and modular laboratories.

 

For More Information, Contact: Jim Drewitz, Investor Relations 830-669-2466

jim@jdcreativeoptions.com

Or visit the Company’s website at www.artsway-mfg.com

 

This news release includes “forward-looking statements” within the meaning of the federal securities laws. Statements of anticipated future results are based on current expectations and are subject to a number of risks and uncertainties, including but not limited to, quarterly fluctuations in results, customer demand for the Company’s products, domestic and international economic conditions, the management of growth and other risks detailed from time to time in the Company’s Securities and Exchange Commission filings. Actual results may differ markedly from management’s expectations. The Company cautions readers not to place undue reliance upon any such forward-looking statements.

ART’S-WAY MANUFACTURING CO INC. ANNOUNCES FOURTH QUARTER AND YEAR-END EARNINGS RELEASE AND CONFERENCE CALL

Latest News Releases

FOR IMMEDIATE RELEASE
February 4, 2008
For More Information, Contact:
Jim Drewitz, Investor Relations
830-669-2466

 

ART’S-WAY MANUFACTURING CO INC. ANNOUNCES FOURTH QUARTER AND YEAR-END EARNINGS RELEASE AND CONFERENCE CALL

 

ARMSTRONG, Iowa, February 4, 2008 – Art’s-Way Manufacturing Co. Inc., (NASDAQ: ARTW), a leading manufacturer and distributor of farm machinery in the United States and internationally, plans to release its 2007 fourth quarter and year-end financial results at 8:25 AM Central Time on Thursday, February 7, 2008. In conjunction with the release, the Company has scheduled a conference call Thursday, February 7 at 10:00 AM Central Time.

 

What: Art’s-Way Manufacturing 2007 Fourth Quarter and Year-End Financial Results Conference Call

 

When: Thursday, February 7, 2008 at 10:00 AM Central Time

 

How: Live via phone by dialing 800-624-7038. Code: Art’s-Way Manufacturing.

Participants to the conference call should call in at least 5 minutes prior to the start time.

 

Ward McConnell, Chairman of the Board of Art’s-Way Manufacturing will be leading the call and discussing fourth quarter and year-end financial results, the status of the Company and an outlook for 2008.

 

About Art’s-Way Manufacturing, Inc.

 

Art’s-Way manufactures and distributes farm machinery niche products including animal feed processing equipment, sugar beet defoliators and harvesters, land maintenance equipment, crop shredding equipment, plows, hay and forage equipment. After market service parts are also an important part of the Company’s business. We have two wholly owned subsidiaries. Art’s-Way Vessels Inc. manufactures pressurized tanks and vessels and Art’s-Way Scientific Inc. manufactures modular animal confinement buildings and modular laboratories.

For More Information, Contact: Jim Drewitz, Investor Relations 830-669-2466

jim@jdcreativeoptions.com

Or visit the Company’s website at www.artsway-mfg.com

 

This news release includes “forward-looking statements” within the meaning of the federal securities laws. Statements of anticipated future results are based on current expectations and are subject to a number of risks and uncertainties, including but not limited to, quarterly fluctuations in results, customer demand for the Company’s products, domestic and international economic conditions, the management of growth and other risks detailed from time to time in the Company’s Securities and Exchange Commission filings. Actual results may differ markedly from management’s expectations. The Company cautions readers not to place undue reliance upon any such forward-looking statements.

ART’S-WAY MANUFACTURING INTRODUCES THERMOPLASTIC POLYETHYLENE-BASED ROTOLINING FOR INTERIOR LINING OF TANKS AND VESSELS

Latest News Releases

FOR IMMEDIATE RELEASE
March 26, 2008
For More Information, Contact:
Jim Drewitz, Investor Relations
830-669-2466

 

ART’S-WAY MANUFACTURING INTRODUCES THERMOPLASTIC
POLYETHYLENE-BASED ROTOLINING FOR INTERIOR LINING OF
TANKS AND VESSELS

 

Rotolining Meets FDA Specifications For Use of Poly Products In Food Use!

 

ARMSTRONG, Iowa, March 26, 2008 – Art’s-Way Manufacturing, Inc. (NASDAQ: ARTW), announces its wholly owned subsidiary, Art’s Way Vessels, Inc., is now offering superior interior tank lining capabilities that will give customers the options of using a lower cost carbon steel tank in many food products applications, instead of a high priced stainless steel tank. The lining materials meets ALL requirements of the U.S. Food & Drug Administration specification 21CFR 177,1520, covering safe use of polyolefin articles intended for direct food contact.

 

The Art’s Way Vessels Rotolining is a modified thermoplastic polyethylene-based coating resin. It is heated and baked to conform to the inside dimensions of the vessel. It is available as a 35-mesh powder and offers exceptional stress crack resistance and excellent adhesion to metals and selected polymers. The material is used in lining applications for pipes, drums, tanks and vessels. It also provides resistance to a wide range of chemicals and is designed for use in applications requiring corrosion resistance, insulation, abrasion resistance, and impact resistance.

 

Art’s Way Vessels is showcasing their Rotolining tanks and vessels at the 2008 Water Quality Association Aquatech Exhibition at the Mandalay Bay Convention Center in Las Vegas, NV this week.

 

J. Ward McConnell, Jr., Chairman of the Board, said, “There is a great need for Art’s-Way Vessels’ new, thermoplastic, rotolining coating in the marketplace. Now vessel and tank owners can upgrade and modernize their current vessel fleet and expand their intended use by implementing our rotolining. The lining application is quick and simple, cost effective and can extend the life of the vessel as well as greatly expand its application. We are excited about this new product and think it will be a great complement to the pressure or atmospheric vessels, skids, piping, vessel components and steel fabrication already offered by Art’s-Way Vessels, Inc.”

 

About Art’s-Way Vessels, Inc.

 

Manufacturer of A.S.M.E. Code & Non-Code Vessels and Tanks, we build in carbon steel and stainless steel, ranging from atmospheric (0 PSI) storage vessels up to any PSI pressure rating required. Sizes ranging in diameter from 4″ to 14’ and vary in lengths up to 40’. We now offer an interior tank Thermoplastic Polyethylene based Rotolining for vessels with a maximum diameter of 48” and maximum length of 72”. We offer customers greater cost efficiencies and wider range of applications. We focus on Service. Quality. On Time Delivery. Saving You Money.

For more information visit our web site: http://www.artsway-vessels.com/ For sales or pricing information, please call 563-557-8265. Or Fax 563-557-7443.

 

About Art’s-Way Manufacturing, Inc.

 

Art’s-Way manufactures and distributes farm machinery niche products including animal feed processing equipment, sugar beet defoliators and harvesters, land maintenance equipment, crop shredding equipment, plows, hay and forage equipment. After market service parts are also an important part of the Company’s business. We have two wholly owned subsidiaries. Art’s-Way Vessels Inc. manufactures pressurized tanks and vessels and Art’s-Way Scientific Inc. manufactures modular animal confinement buildings and modular laboratories.

 

For More Information, Contact: Jim Drewitz, Investor Relations 830-669-2466

jim@jdcreativeoptions.com

Or visit the Company’s website at www.artsway-mfg.com

 

This news release includes “forward-looking statements” within the meaning of the federal securities laws. Statements of anticipated future results are based on current expectations and are subject to a number of risks and uncertainties, including but not limited to, quarterly fluctuations in results, customer demand for the Company’s products, domestic and international economic conditions, the management of growth and other risks detailed from time to time in the Company’s Securities and Exchange Commission filings. Actual results may differ markedly from management’s expectations. The Company cautions readers not to place undue reliance upon any such forward-looking statements.

ART’S-WAY MANUFACTURING RECEIVES ORDERS FOR GRINDER -MIXERS AND FORAGE BLOWERS FROM NEW DISTRIBUTORS IN BELARUS, FRANCE AND FINLAND.

Latest News Releases

FOR IMMEDIATE RELEASE
April 4, 2008
For More Information, Contact:
Jim Drewitz, Investor Relations
830-669-2466

 

ART’S-WAY MANUFACTURING RECEIVES ORDERS FOR GRINDER –
MIXERS AND FORAGE BLOWERS FROM NEW DISTRIBUTORS IN
BELARUS, FRANCE AND FINLAND.

 

Global Marketing Efforts Pay Off In New Orders – Export Backlog Of $2.2 Million

 

ARMSTRONG, Iowa, April 4, 2008 – Art’s-Way Manufacturing, Inc. (NASDAQ: ARTW), a leading manufacturer and distributor of agricultural machinery, equipment and services, announces it has sold containers of the Company’s 5165 Grinder-Mixers to new distributors in Belarus and France and Forage Blowers to a new distributor in Finland. These new international distributors were acquired at the Agritechnica 2007 show in Hanover, Germany, the world’s largest agricultural equipment exhibition.

 

J. Ward McConnell, Jr., Chairman of the Board, said, “I am very pleased to announce these three new orders. This is a new business strategy for us. We have created strategic European partnerships and teaming relationships, penetrated important new markets and expanded our traditional business to accumulate an export backlog approaching $2.2 Million. I feel certain this is just the beginning of our sales and marketing efforts with additional distributors being added in Europe and the Far East.

 

“Agriculture around the world is rapidly changing with the introduction of new technologies, growth in field and farm size and adoption of specialized equipment. Since our inception, we have been on the leading edge of design and manufacturing. In this day of global marketing, our family of products and the way we service our customers offer huge growth opportunities for the future and certainly increased shareholder value.”

 

About Art’s Way Manufacturing, Inc.

 

Art’s-Way manufactures and distributes farm machinery niche products including animal feed processing equipment, sugar beet defoliators and harvesters, land maintenance equipment, crop shredding equipment, plows, hay and forage equipment. After market service parts are also an important part of the Company’s business. We have two wholly owned subsidiaries. Art’s-Way Vessels Inc. manufactures pressurized tanks and vessels and Art’s-Way Scientific Inc. manufactures modular animal confinement buildings and modular laboratories.

 

For More Information, Contact: Jim Drewitz, Investor Relations 830-669-2466

jim@jdcreativeoptions.com

Or visit the Company’s website at www.artsway-mfg.com

 

This news release includes “forward-looking statements” within the meaning of the federal securities laws. Statements of anticipated future results are based on current expectations and are subject to a number of risks and uncertainties, including but not limited to, quarterly fluctuations in results, customer demand for the Company’s products, domestic and international economic conditions, the management of growth and other risks detailed from time to time in the Company’s Securities and Exchange Commission filings. Actual results may differ markedly from management’s expectations. The Company cautions readers not to place undue reliance upon any such forward-looking statements.

ART’S WAY MANUFACTURING ANNOUNCES 2007 ANNUAL SHAREHOLDER MEETING

Latest News Releases

FOR IMMEDIATE RELEASE
April 15, 2008
For More Information, Contact:
Jim Drewitz, Investor Relations
830-669-2466

 

ART’S WAY MANUFACTURING ANNOUNCES
2007 ANNUAL SHAREHOLDER MEETING

 

ARMSTRONG, Iowa, April15, 2008 – Art’s Way Manufacturing, Inc. (NASDAQ: ARTW), a leading manufacturer and distributor of agricultural machinery, equipment and services, announces it will hold its 2007 Annual Shareholder Meeting on Thursday, April 24, at 10:00AM CDT. The meeting will be held at the American Lodge & Suites, 137 S. Main Street, Prairie-du-Chien, Wisconsin, 53821

 

The business of the meeting includes: electing 7 directors for terms of one-year each; voting upon a proposal to approve the adoption of Art’s Way Manufacturing non-employee director’s stock option plan; ratification of the selection of Eide Bailly as the Company’s independent registered public accountants and approving of their discretion upon any other matters which may come before the meeting as set forth in the notice of annual meeting of stockholders and proxy statements. The deadline for submitting shareholder proposals and nominations for directors at this year’s meeting has now passed.

 

Shareholders of record as of March 24, 2008 will be entitled to vote at the meeting. A notice of meeting and proxy materials will be mailed to shareholders and filed with the Securities and Exchange Commission by the end of the month. The Company will present its financial results and business highlights for fiscal 2007 and will outline goals concerning the Company’s sales and profit outlook for 2008 and beyond.

 

J. Ward McConnell, Jr., Chairman of the Board of Art’s Way Manufacturing said, “We welcome all shareholders to attend the annual meeting to review with us our fiscal 2007 financial results and discuss our long term growth goals and projections. We look forward to continued success.”

 

About Art’s Way Manufacturing, Inc.

 

Art’s-Way manufactures and distributes farm machinery niche products including animal feed processing equipment, sugar beet defoliators and harvesters, land maintenance equipment, crop shredding equipment, plows, hay and forage equipment. After market service parts are also an important part of the Company’s business. We have two wholly owned subsidiaries. Art’s-Way Vessels Inc. manufactures pressurized tanks and vessels and Art’s-Way Scientific Inc. manufactures modular animal confinement buildings and modular laboratories.

 

For More Information, Contact: Jim Drewitz, Investor Relations 830-669-2466

jim@jdcreativeoptions.com

Or visit the Company’s website at www.artsway-mfg.com

 

This news release includes “forward-looking statements” within the meaning of the federal securities laws. Statements of anticipated future results are based on current expectations and are subject to a number of risks and uncertainties, including but not limited to, quarterly fluctuations in results, customer demand for the Company’s products, domestic and international economic conditions, the management of growth and other risks detailed from time to time in the Company’s Securities and Exchange Commission filings. Actual results may differ markedly from management’s expectations. The Company cautions readers not to place undue reliance upon any such forward-looking statements.

ART’S WAY MANUFACTURING NAMED TO FORBES MAGAZINE LIST OF AMERICA’S 200 BEST SMALL COMPANIES

Latest News Releases

FOR IMMEDIATE RELEASE
October 21, 2008
For More Information, Contact:
Jim Drewitz, Investor Relations
830-669-2466

 

ART’S WAY MANUFACTURING NAMED TO FORBES MAGAZINE LIST OF AMERICA’S 200 BEST SMALL COMPANIES

The Company Ranked Number 54

 

ARMSTRONG, Iowa, October 21, 2008 – Art’s Way Manufacturing, Inc. (NASDAQ: ARTW), a leading manufacturer and distributor of agricultural machinery, equipment and services, announces it has been recognized by Forbes magazine as one of “America’s 200 Best Small Companies.” The Company ranked Number 54.

 

The America’s 200 Best Small Companies list is selected following a comprehensive evaluation of financial results plus additional operating factors of candidate companies having sales between $5 million and $750 million and a stock price of $5 as of Sept. 29, 2008. The ranking is based on return on equity, sales growth and profit growth over the past 12 months and also over five years. Forbes’ editors also compared the Company’s stock performance with that of its industry peers.

 

J. Ward McConnell, Jr., Chairman of the Board, said, “In this difficult economic time and market condition, we are pleased and gratified Forbes Magazine has recognized Art’s Way Manufacturing’s financial achievements and placed us on their prestigious list of America’s 200 Best Small Companies. We have worked very hard this past year to increase revenue and income by adding new global clients while supporting existing customers. Our ranking reflects the hard work of all of our employees.”

 

“Art’s Way continues to impress us with their products, positioning, growth, and valuation. While the current economic conditions have been difficult we think the agricultural sector will continue to perform well. The Company should see little impact from the financial issues facing capital-intensive firms in other industries,” said Joe Dancy, Portfolio Manager, LSGI Technology Venture Fund L.P. – a Morningstar 5-Star rated fund.

 

To learn more about “America’s Best 200 Small Companies,” visit http://www.forbes.com/lists/2008/23/biz_200smalls08_The-200-Best-Small-Companies_Rank_3.html. (Due to the length of URL, please copy and paste into browser.) The entire list appears in the October 27, 2008 issue of Forbes.

 

About Art’s Way Manufacturing, Inc.

 

Art’s Way manufactures and distributes farm machinery niche products including animal feed processing equipment, sugar beet defoliators and harvesters, land maintenance equipment, crop shredding equipment, plows, hay and forage equipment. After market service parts are also an important part of the Company’s business. We have two wholly owned subsidiaries. Art’s Way Vessels Inc. manufactures pressurized tanks and vessels and Art’s Way Scientific Inc. manufactures modular animal confinement buildings and modular laboratories.

 

For More Information, Contact: Jim Drewitz, Investor Relations 830-669-2466

jim@jdcreativeoptions.com

Or visit the Company’s website at www.artsway-mfg.com

 

This news release includes “forward-looking statements” within the meaning of the federal securities laws. Statements of anticipated future results are based on current expectations and are subject to a number of risks and uncertainties, including but not limited to, quarterly fluctuations in results, customer demand for the Company’s products, domestic and international economic conditions, the management of growth and other risks detailed from time to time in the Company’s Securities and Exchange Commission filings. Actual results may differ markedly from management’s expectations. The Company cautions readers not to place undue reliance upon any such forward-looking statements.

ART’S WAY MANUFACTURING INTRODUCES MODEL 5165GRINDER MIXER AT EUROTIER 2008 EXHIBITION IN HANOVER, GERMANY

Latest News Releases

FOR IMMEDIATE RELEASE
November 11, 2008
For More Information, Contact:
Jim Drewitz, Investor Relations
830-669-2466

 

ART’S WAY MANUFACTURING INTRODUCES MODEL 5165 GRINDER MIXER AT EUROTIER 2008 EXHIBITION IN HANOVER, GERMANY

Global Marketing & Sales Efforts Continue To Grow Revenue and Income

 

ARMSTRONG, Iowa, November 11, 2008 – Art’s Way Manufacturing, Inc. (NASDAQ: ARTW), a leading manufacturer and distributor of agricultural machinery, equipment and services, will be showcasing the Company’s model 5165 Grinder Mixers at the Euro Tier 2008 Exhibit to be held in Hanover, Germany, November 11-14, 2008. Supporting Art’s Way at this exhibition will be Stewkley Milling Services, Art’s Way largest European distributor, in the UK. In addition to actual product, model 5165 grinder mixer brochures will be available to prospective customers in English, German, French, Spanish and Russian and translators will be available to assist with any non-English communications.

 

According to the organizer DLG (Deutsche Landwirtschafts-Gesellschaft – German Agricultural Society) there will be nearly 1,500 exhibitors present, 469 are international companies.

 

J. Ward McConnell, Jr., Chairman of the Board, said, “This prestigious exhibition will allow Art’s Way to showcase its model 5165 grinder mixer product to additional potential distributors and end-users as we continue to grow our presence within the European market. Our model 5165, the largest grinder mixer in the industry, has been very well accepted in Europe.

 

“Over the past year, Art’s Way has appointed new distributors in France, Finland and Belarus / Russia. In this day of global marketing, we expect our agricultural product exports to increase significantly in the future giving us a very positive outlook for this and coming years.”

 

About Art’s Way Manufacturing, Inc.

 

Art’s Way manufactures and distributes farm machinery niche products including animal feed processing equipment, sugar beet defoliators and harvesters, land maintenance equipment, crop shredding equipment, plows, hay and forage equipment. After market service parts are also an important part of the Company’s business. We have two wholly owned subsidiaries. Art’s Way Vessels Inc. manufactures pressurized tanks and vessels and Art’s Way Scientific Inc. manufactures modular animal confinement buildings and modular laboratories.

 

For More Information, Contact: Jim Drewitz, Investor Relations 830-669-2466

jim@jdcreativeoptions.com

Or visit the Company’s website at www.artsway-mfg.com

 

This news release includes “forward-looking statements” within the meaning of the federal securities laws. Statements of anticipated future results are based on current expectations and are subject to a number of risks and uncertainties, including but not limited to, quarterly fluctuations in results, customer demand for the Company’s products, domestic and international economic conditions, the management of growth and other risks detailed from time to time in the Company’s Securities and Exchange Commission filings. Actual results may differ markedly from management’s expectations. The Company cautions readers not to place undue reliance upon any such forward-looking statements.

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