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Marc McConnell Elected As The 62nd President Of The Farm Equipment Manufacturers Association

ARMSTRONG, Iowa, Dec. 6, 2013 /PRNewswire/ — During the 63rd Annual Fall Convention, October 21-25, in Indianapolis, Indiana, the Farm Equipment Manufacturers Association elected Marc McConnell, Art’s Way Manufacturing Co. (NASDAQ:ARTW), as the 62nd President of the Association. McConnell has served on the Association’s Board since 2007.

(Photo: http://photos.prnewswire.com/prnh/20131206/CL28680)

McConnell serves as the Vice Chairman of Art’s Way Manufacturing Co., Inc., headquartered in Armstrong, IA, a diversified manufacturer of sugar beet harvesters, grinder-mixers, hay and forage equipment, manure spreaders, graders, plows, grain augers, and other farm equipment, in addition to the products of its non-agricultural subsidiaries which include pressure vessels, modular laboratories, snow blowers, and carbide cutting tools with seven factories in Iowa, Ohio, and Ontario. Art’s Way has been a member of the Farm Equipment Manufacturers Association since 1961.

In addition to his role at Art’s Way, McConnell also serves as Chairman of West Town Savings Bank, President of Bauer Corporation, Babcock Co., Inc., and Adamson Global Technology Corp., Vice-Chairman of McConnell Holdings, Inc., and Director of Mountain Aircraft Services, Inc. He is also Past President of the American Ladder Institute, the Lenoir County Manufacturer’s Association, among other civic associations, foundations, and boards. McConnell is also a member of the Young Presidents’ Organization (YPO) and is a graduate of Cornell University.

McConnell will host the Association’s 2014 Spring Management Clinic in San Antonio, April 6-9, and the 2014 Fall Convention in Las Vegas, Nevada, November 4-7, where his term as President will conclude.

About Farm Equipment Manufacturers Association

The Farm Equipment Manufacturers Association is an international not-for-profit trade organization representing more than 315 manufacturers of specialized farm equipment, more than 300 industry supplier companies and 37 marketing firms. Founded in 1950, the Association is headquarter at 1000 Executive Parkway, Suite 100, St. Louis, Missouri. For more information about the Association, please visit FarmEquip.org.

About Art’s Way Manufacturing, Inc.

Art’s Way manufactures and distributes farm machinery and niche products including animal feed processing equipment, sugar beet defoliators and harvesters, land maintenance equipment, crop shredding equipment, round hay balers, plows, hay and forage equipment, manure spreaders, reels for combines and swathers, and top and bottom drive augers, as well as pressurized tanks and vessels, modular animal confinement buildings and laboratories and specialty tools and inserts. After-market service parts are also an important part of the Company’s business. The Company has four reporting segments: agricultural products; pressurized tanks and vessels; modular buildings; and tools.

For More Information, contact investorrelations@artsway-mfg.com

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

ART’S WAY MANUFACTURING SIGNS LETTER OF INTENT TO PURCHASE ASSETS OF OHIO METAL WORKING PRODUCTS COMPANY

Art’s Way Manufacturing Co., Inc. (NASDAQ: ARTW), a diversified, international manufacturer of equipment serving agricultural, research and water treatment, and Ohio Metal Working Products Company announce they have signed a letter of intent. The letter of intent calls for Ohio Metal Working Products Company to sell to Art’s Way Manufacturing Co., Inc. the operating assets of Ohio Metal Working Products Company, doing business as American Carbide Tool Company http://www.americancarbidetool.com. Located in Canton, Ohio, Ohio Metal Working Products Company is the largest domestic manufacturer and distributor of standard single point brazed carbide tipped tools. They also provide PCD (polycrystalline diamond) and CBN (cubic boron nitride) inserts and tools. They have over 50 years of tool making experience. The transaction is pending final agreement with closing expected within the next two weeks.

About Art’s Way Manufacturing Co., 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, dump trailers, snow blowers, round hay balers, plows, hay and forage equipment, manure spreaders, reels for combines and swathers, and top and bottom drive augers, as well as pressurized tanks and vessels, and modular animal confinement buildings and laboratories. After-market service parts are also an important part of the Company’s business. The Company has three reporting segments: agricultural products; pressurized tanks and vessels; and modular buildings.

For More Information, Contact: Jim Drewitz, Investor Relations

830-669-2466

jim@jdcreativeoptions.com

www.creativeoptionsmarketing.com

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

Cautionary Statements

This news release includes “forward-looking statements” within the meaning of the federal securities laws. Statements made in this release that are not strictly statements of historical facts, including: (i) our expectations regarding timing and completion of the acquisition of certain assets of Ohio Metal Working Products Company, (ii) our beliefs regarding the contribution of the assets purchased from Ohio Metal Working Products Company to the growth of the Company; and (iii) our beliefs regarding other impacts that the acquisition of certain assets of Ohio Metal Working Products Company will have on the Company, are forward-looking statements. 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, delays in reaching or failure to reach an agreement to complete the execution of the acquisition of certain assets of Ohio Metal Working Products Company quarterly fluctuations in results; customer demand for our products; domestic and international economic conditions; factors affecting the strength of the agricultural sector; the cost of raw materials; the management of growth; the availability of investment opportunities; and other factors detailed from time to time in our 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. We do not intend to update forward-looking statements other than as required by law.

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ART’S WAY MANUFACTURING ANNOUNCES THEIR WHOLLY OWNED SUBSIDIAR, ART’S WAY SCIENTIFIC, HAS BEEN AWARDED A NEW CONTRACT WITH TEXAS DEPARTMENT OF CRIMINAL JUSTICE FOR SIX MODULAR SWINE BUILDINGS.

FOR IMMEDIATE RELEASE For More Information, Contact:
July 2, 2013 Jim Drewitz, Investor Relations
830-669-2466

The Contract Is Valued At Approximately $750,000.

ARMSTRONG, Iowa, July 2, 2013 – Art’s Way Manufacturing Co., Inc. (NASDAQ: ARTW), announces its wholly-owned subsidiary, Art’s Way Scientific, Inc. (www.buildingsforscience.com), has been awarded a contract for six modular swine buildings from the Texas Department of Criminal Justice. The modular buildings will be used in support of the Correctional Unit’s Swine Farrowing/Nursery/Finishing Operations. The contract was awarded in a competitive bidding environment and is valued at approximately $750,000.

Dan Palmer, President of Art’s Way Scientific said, “We are honored to have the opportunity to design, manufacture and install these six AG swine buildings for the State of Texas. They are a valued and repeat customer. It demonstrates the strength of our team and our unique capabilities within the modular AG buildings industry. These buildings fit our customer’s need perfectly because they create the ideal environment for swine and the people who work with them. Our ‘turnkey solution’ is ideal for environments where the site must be closely controlled for security reasons. Our modular AG buildings are completely climate controlled, easy to clean and sanitize, and include the most advanced swine equipment including boar isolation, gestation, farrowing, nursery, finishing, feed study and show pigs – www.artsway-scientific.com/ag-buildings/hog-care. Our ability to design, construct and install ‘ready to use swine units’ in short period of time, made this a very easy decision for Texas.”

J. Ward McConnell, Jr., Chairman of the Board, said, “We are beginning to see an increased interest for our modular agricultural buildings particularly in the Hog and Dairy industries. As a result of these contracts and other bids in the pipeline, as well as a very healthy farm income which has encouraged farmers to purchase new equipment and expand operations, we are anticipating Art’s Way’s consolidated revenue, income and gross margins to improve in the balance of fiscal 2013.“

About Art’s Way Scientific, Inc. – Buildings For Science –

Art’s Way Scientific, Inc. is a wholly owned subsidiary of Art’s Way Manufacturing, Inc. It is the recognized leading supplier of modular laboratories for biocontainment, animal husbandry science, public health, and food safety, hog and calf care and security requirements. Art’s Way Scientific custom designs, manufactures, delivers, and installs laboratories and research facilities to meet customers’ critical requirements. For more information, visit our website at www.buildingsforscience.com

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, round hay balers, plows, hay and forage equipment, manure spreaders, reels for combines and swathers, snow blowers and dump trailers, top and bottom drive augers, as well as pressurized tanks and vessels, and modular animal confinement buildings and laboratories. After-market service parts are also an important part of the Company’s business. The Company has three reporting segments: agricultural products; pressurized tanks and vessels; and modular buildings.

For More Information, Contact: Jim Drewitz, Investor Relations

830-669-2466

jim@jdcreativeoptions.com

www.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, including but not limited to the anticipated revenues and timeframes discussed in this release and expected consolidated results of operations, are based on current expectations and are subject to a number of risks and uncertainties, including but not limited to, unforeseen delays in production and installation, unforeseen contract disputes, customer demand for the Company’s products, domestic and international economic conditions 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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ART’S WAY MANUFACTURING CLOSES ACQUISITION OF AGRO TREND, A DIVISION OF ROJAC INDUSTRIES, INC.

FOR IMMEDIATE RELEASE For More Information, Contact:
JUNE 26, 2013 Jim Drewitz, Investor Relations
830-669-2466

Acquisition Enables The Company To Add Ag Product Mix In Canada And The U.S. And Deliver Greater Shareholder Value

ARMSTRONG, IOWA, June 26, 2013 – Art’s Way Manufacturing Co., Inc. (NASDAQ: ARTW), a leading manufacturer and distributor of agricultural machinery, equipment and services is pleased to announce they have closed the acquisition of the assets of Agro Trend, a division of Rojac Industries, Inc. of Clifford, Ontario, Canada. A new entity was formed, Art’s Way Manufacturing International, LTD. Art’s Way Manufacturing will lease the facility in Clifford, Ontario and plans on continuing manufacturing, marketing and sales from the Canadian location.

As previously announced, Rojac Industries, Inc. was to sell to Art’s Way Manufacturing Co., Inc. the operating assets of its Agro Trend Manufacturing division, an agricultural machinery distributor and manufacturer of snow blowers, trailers, and running gears. This is a strategic purchase to increase distribution of Art’s Way products into Canada. Products that are being targeted for Canadian growth would include our forage equipment, grinders, and manure spreaders.

J. Ward McConnell Jr., Chairman of the Board of Directors said, “We are pleased to complete this valuable acquisition and we believe the new product mix and dealer network in Canada will provide us with valuable operations capabilities and synergy opportunities. This acquisition provides us an international footprint and these kinds of investments are a key component of our long-term growth plan and our ability to deliver greater 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, round hay balers, plows, hay and forage equipment, manure spreaders, reels for combines and swathers, and top and bottom drive augers, as well as pressurized tanks and vessels, and modular animal confinement buildings and laboratories. After-market service parts are also an important part of the Company’s business. The Company has three reporting segments: agricultural products pressurized tanks and vessels and modular buildings.

 

For More Information, Contact: Jim Drewitz, Investor Relations

830-669-2466

jim@jdcreativeoptions.com

www.jdcreativeoptions.com

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

Cautionary Statements

This news release includes “forward-looking statements” within the meaning of the federal securities laws. Statements made in this release that are not strictly statements of historical facts, including: (i) our beliefs regarding the opportunities presented by the acquisition of Agro Trend; (ii) our expectations regarding the contributions of the Agro Trend acquisition to our long-term growth plan; (iii) our expectations regarding the sale of our products in the Canadian market; and (iv) our expectations regarding the delivery of shareholder value, are forward-looking statements. 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 our products, including those produced by Agro Trend; domestic and international economic conditions; factors affecting the strength of the agricultural sector; the cost of raw materials; the management of growth; the availability of investment opportunities; unexpected problems or delays with the integration of Agro Trend operations; and other factors detailed from time to time in our Securities and Exchange Commission filings. Actual results may differ markedly from management’s expectations. Art’s Way cautions readers not to place undue reliance upon any such forward-looking statements. We do not intend to update forward-looking statements other than as required by law.

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Introducing 6530 Grinder Mixer

FOR IMMEDIATE RELEASE

June 6, 2013

 

6530-10 Outlined TR2HRAW-New-6530-Grinder-Mixer-Burst

High Performance 6530 Grinder/Mixer

Achieve supreme feed quality with the high performance 6530 Grinder/Mixer from Art’s Way Mfg.

Take control; improve feed grinding by adjustment of the space between the lower wear plate and the hammers. This allows using a larger screen reducing draw on tractor HP. A larger 36 gallon hydraulic tank dissipates heat, decreasing fluid temperatures which maximizes tractor HP. Make all hydraulic adjustments from a consolidated valve bank.

Move more feed faster with bigger, better discharge capabilities – increased gate opening, longer 12 ft. discharge auger tube and additional 60⁰ height setting on discharge auger tube cylinder.

About Art’s Way Manufacturing, Inc.

 

Art’s Way manufactures and distributes farm machinery and niche products including animal feed processing equipment, sugar beet defoliators and harvesters, land maintenance equipment, crop shredding equipment, round hay balers, plows, hay and forage equipment, manure spreaders, reels for combines and swathers, and top and bottom drive augers, as well as pressurized tanks and vessels, and modular animal confinement buildings and laboratories. After-market service parts are also an important part of the Company’s business. The Company has three reporting segments: agricultural products; pressurized tanks and vessels; and modular buildings.

For More Information, Contact: Sales Department
sales@artsway-mfg.com
712-864-3131

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ART’S WAY MANUFACTURING EXPANDS SALES AND MARKETING EFFORTS BY ATTENDING 7 DIFFERENT SUMMER AG TRADE SHOWS IN 2013

FOR IMMEDIATE RELEASE

June 3, 2013

Summer Trade Shows are in the United States, Canada and Europe

ARMSTRONG, IOWA, June 3, 2013 – Art’s Way Manufacturing Co., Inc., (NASDAQ:ARTW) a leading manufacturer and distributor of agricultural machinery, equipment and services is proud to announce it is expanding its sales and marketing efforts by attending and presenting at 7 agricultural shows in the Summer of 2013.

Date Show Location
June 5-7, 2013 World Pork Expo Des Moines, IA
July 22-25 The Royal Welsh Agricultural Society Show Builth Wells, Wales, UK
Aug 6-8, 2013 Empire Farm Days Seneca Falls, NY
Aug 13-15, 2013 Ag Progress Days State College, PA
Aug 20-22, 2013 Dakota Fest 2013 Mitchell, SD
Aug 21-22, 2013 North Am. Manure Expo London Ont., Canada
Aug 27-29, 2013 Farm Progress Show Decatur, IL

 

J. Ward McConnell Jr., Executive Chairman of the Board of Directors said, “Trade shows are and have been our sales and marketing bread and butter for many years. It is an ideal opportunity to meet dealers and customers and really listen to their needs and desires as well as display our latest models and upgrades. This Summer we will be attending shows in 5 agricultural oriented states in the US, Canada and the premier European Ag equipment show – The Royal Welsh Agricultural Society Show in Wales, UK.”

About Art’s Way Manufacturing, Inc.

Art’s Way manufactures and distributes farm machinery and niche products including animal feed processing equipment, sugar beet defoliators and harvesters, land maintenance equipment, crop shredding equipment, round hay balers, plows, hay and forage equipment, manure spreaders, reels for combines and swathers, and top and bottom drive augers, as well as pressurized tanks and vessels, and modular animal confinement buildings and laboratories. After-market service parts are also an important part of the Company’s business. The Company has three reporting segments: agricultural products; pressurized tanks and vessels; and modular buildings.

For More Information, Contact: Jim Drewitz, Investor Relations

830-669-2466 jim@jdcreativeoptions.com

www.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 made in this release that are not strictly statements of historical facts, including: (i) our beliefs with respect to the current state of the agricultural sector of the economy and (ii) our expectations for growth, are forward-looking statements. 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 cost of raw materials, the management of growth, the availability of investment opportunities, and other factors 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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ART’S WAY MANUFACTURING SIGNS LETTER OF INTENT TO PURCHASE ASSETS OF AGRO TREND MANUFACTURING

ARMSTRONG, IOWA, April 23, 2013 – Art’s Way Manufacturing Co., Inc. (NASDAQ ARTW), a leading manufacturer and distributor of agricultural machinery, equipment and services, and Rojac Industries, Inc. announce they have signed a letter of intent. The letter of intent calls for Rojac Industries, Inc. to sell to Art’s Way Manufacturing Co., Inc. the operating assets of its Agro Trend Manufacturing division, an agricultural machinery distributor and manufacturer of snow blowers, trailers, and running gears located in Clifford, Ontario, Canada. The transaction is pending final agreement with closing expected during May of 2013.

J. Ward McConnell Jr., Chairman of the Board of Directors said, “The synergies between the two companies will contribute to growth and expansion of Art’s Way business portfolio and asset base.”

About Art’s Way Manufacturing Co., 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, round hay balers, plows, hay and forage equipment, manure spreaders, reels for combines and swathers, and top and bottom drive augers, as well as pressurized tanks and vessels, and modular animal confinement buildings and laboratories. After-market service parts are also an important part of the Company’s business. The Company has three reporting segments agricultural products; pressurized tanks and vessels; and modular buildings.

For More Information, Contact Jim Drewitz, Investor Relations

830-669-2466

jim@jdcreativeoptions.com

www.jdcreativeoptions.com

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

Cautionary Statements

This news release includes “forward-looking statements” within the meaning of the federal securities laws. Statements made in this release that are not strictly statements of historical facts, including (i) our expectations regarding timing and completion of the acquisition of certain assets of Rojac Industries, Inc., (ii) our beliefs regarding the contribution of the assets purchased from Rojac Industries, Inc. to the growth of the Company; and (iii) our beliefs regarding other impacts that the acquisition of certain assets of Rojac Industries, Inc. will have on the Company, are forward-looking statements. 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, delays in reaching or failure to reach an agreement to complete the execution of the acquisition of certain assets of Rojac Industries, Inc.; quarterly fluctuations in results; customer demand for our products; domestic and international economic conditions; factors affecting the strength of the agricultural sector; the cost of raw materials; the management of growth; the availability of investment opportunities; and other factors detailed from time to time in our 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. We do not intend to update forward-looking statements other than as required by law.

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Art’s Way at the 2013 National Farm Machinery Show

Art’s Way joined over 850 vendors in showing their equipment to 307,906 visitors who attended the National Farm Machinery Show in Louisville, KY this year. Art’s Way featured their Miller Pro line of hay and forage equipment and the Roda Spreader line of material spreaders. Both lines are  manufactured and distributed through by Art’s Way dealer network nationwide.  Also introduced at the show was the new Rear Steer model of the Pull Type Graders.  The rear steer model offers a 5 ft. offset from the tractor giving the operator more room to work, especially around fence lines, trees and sloping areas near ditches and water ways.

During the show, Ron Bender – Sales Representative, explained the unique features of the Roda Spreader line to the editorial staff of Farm Equipment Dealer (a Lessiter publication). Ron explains that the beaters are engineered to provide one of the most uniform spread patterns in the industry while discharging all of the material in the box.  Listen as Ron continues to explain why Art’s Way ranks in the top 3 materials spreaders in the industry.

Watch Utube Video

Click below for more information on the Roda line of spreaders including

Roda H Series

Roda V Series

Roda HV Series

ART’S WAY MANUFACTURING ANNOUNCES FINANCIAL RESULTS FOR THE FISCAL YEAR 2012

Net Income For Fiscal Year 2012 Increases 113.4% To $2.7 Million

Net Sales Increases 31.9% To $36.5 Million

Earnings Per Share Increases 112.9% to $0.66

Conference Call Scheduled For Tuesday, February 26, 2013 at 10:00 a.m. Central Time

ARMSTRONG, IOWA, February 25, 2012 – Art’s Way Manufacturing Co., Inc., (NASDAQ:ARTW) a leading manufacturer and distributor of farm machinery, announced its financial results for the fiscal year ended November 30, 2012. Additionally, the Company has scheduled a conference call Tuesday, February 26, 2013 at 10:00 a.m. Central Time to discuss the results and other information material to the Company’s business.

What: Art’s Way Manufacturing Fiscal Year 2012 Financial Results Conference Call

When: Tuesday, February 26, 2013 – 10:00 a.m. 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.

Carrie Majeski, President and Chief Executive Officer, and J. Ward McConnell, Jr., Chairman of the Board of Art’s Way Manufacturing, will be leading the call and discussing fiscal year 2012 financial results, the current state of the Company’s operations and the long-term outlook for the balance of 2013.

 

Highlights:

 

    • Net income for fiscal year 2012 increases 113.4%.

 

    • Net Sales for fiscal year 2012 increases 31.9%

 

    • Earnings per basic and diluted share for fiscal year 2012 were $0.66, a $0.35 increase from fiscal year 2011.

 

For the Fiscal Year Ended
November 30
(Consolidated)
2012 2011 Change
Net Sales $ 36,456,830 $ 27,619,760 31.9%
Operating Income $ 4,327,825 $ 1,929,764 124.3%
Net Income $ 2,665,087 $ 1,248,895 113.4%
EPS (Basic) $ 0.66 $ 0.31 112.9%
EPS (Diluted) $ 0.66 $ 0.31 112.9%
Weighted Average Shares Outstanding:    
Basic   4,032,643 4,018,196
Diluted   4,049,516 4,049,268

 

Net Sales: Total net sales increased 31.9%, from $27.6 million in fiscal year 2011 to $36.5 million in fiscal year 2012. This was mainly due to increased revenues from our modular buildings segment. In late 2011 the Company secured a large job with Whiting Turner to produce a facility for Stanford University for approximately $9 million. That project significantly increased net sales in 2012.

 

Income: Total operating income increased from $1,930,000 in fiscal year 2011 to $4,328,000 in fiscal year 2012, while net income for the fiscal year ended November 30, 2012 increased from $1,249,000 to $2,665,000, an increase of 113.4%. The increase was primarily attributable to higher net sales and operating income in our modular buildings segment.

 

Earnings per Share: Earnings per basic and diluted share for the fiscal year ended November 30, 2012 were $0.66, an increase of $0.35 from the fiscal year 2011 earnings per basic and diluted share.

 

J. Ward McConnell, Jr., Chairman of the Board, said, “We are delighted with our 2012 results. Our year-end results were exceptional and capped off a year during which we produced outstanding top and bottom-line results every quarter. Full year earnings per share grew 112.9% over 2011 and we returned over $400,000 in dividends to our shareholders.

 

“Net sales for our agricultural products segment were up nearly 9.3% due primarily to the acquisition of Universal Harvester Co., Inc. Our pressurized vessels segment’s net sales were up 16.4%. The Company as a whole had a net income increase of 113.4%. I am delighted to report that our agricultural products and pressurized vessels segments continued to show revenue improvements and we have made solid progress with customer growth initiatives at our pressurized vessels segment.

 

“Our modular buildings segment had a phenomenal year and continues to drive a significant part of our business. After having a down year in 2011 due to the contraction in governmental and institutional spending, securing the 24 modular units, 21,350 square foot research facility with Whiting Turner Contracting Co. and Stanford University – one of the world’s leading research and teaching institutions – was revitalizing. Although we can not expect to maintain our sales levels from 2012 in the coming year, we do expect new growth as a result of our relationship with Whiting Turner Contracting Co. and Stanford University, as well as expanding our modular building offerings into new and growing markets.

 

“Our consolidated balance sheet indicates a strong financial position. To punctuate that, during fiscal year 2012, we were able to pay off our line of credit.

 

“A very healthy farm income has encouraged farmers to purchase new equipment and to expand operations and this bodes well for Art’s Way Manufacturing in the coming quarters. Art’s Way’s performance in 2012 was outstanding and we look forward to executing our 2013 growth strategy to return greater shareholder value.

 

“I want to thank all of our dedicated and hard working employees and our loyal shareholders for their support.”

 

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, round hay balers, plows, hay and forage equipment, manure spreaders, reels for combines and swathers, and top and bottom drive augers, as well as pressurized tanks and vessels, and modular animal confinement buildings and laboratories. After-market service parts are also an important part of the Company’s business. The Company has three reporting segments: agricultural products; pressurized tanks and vessels; and modular buildings.

 

For More Information, Contact: Jim Drewitz, Investor Relations

 

830-669-2466 Jim Drewitz

 

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 made in this release that are not strictly statements of historical facts, including: (i) our beliefs regarding improvements in sales and operating results and our position for growth opportunities; (ii) our belief that new and growing markets exist for modular buildings, and our intent to expand into such markets and (iii) our continued efforts to pursue growth, are forward-looking statements. 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 our products; domestic and international economic conditions; the strength of agricultural sector; the cost of raw materials; the management of growth; the availability of investment opportunities; the unexpected impediments to integrating our acquisition of Universal Harvester Co., Inc.; the risk that the revenues attributable to the acquired Universal Harvester Co., Inc. assets will not be consistent with that company’s historical revenues, or that the acquisition will not otherwise yield the benefits that we expect; unexpected contract breaches by us or counter-parties; and other factors 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. We do not intend to update forward-looking statements other than as required by law.

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Art’s Way Manufacturing Co., Inc. Fourth Quarter and Year-End Earnings Call Scheduled for February 26, 2013

FOR IMMEDIATE RELEASE NEWS
February 21, 2013 NASDAQ:ARTW

ARMSTRONG, IOWA, February 21, 2013– Art’s Way Manufacturing Co., Inc. (NASDAQ:ARTW), a leading manufacturer and distributor of agricultural machinery, equipment and services, announces it will report financial results for its fourth quarter and 2012 fiscal year on Monday, February 25, 2013.

Art’s Way expects to issue a press release regarding its results on Monday, February 25, 2013 and to host a live conference call at 10:00 a.m. Central Time on Tuesday, February 26, 2013. J. Ward McConnell Jr., Chairman of the Art’s Way Board of Directors, and Carrie Majeski, President and CEO will be leading the call. Participants should dial 800-624-7038 and reference Conference Code Art’s Way Manufacturing. Participants should call in at least 5 minutes prior to the start time.

Following the conference call, a replay will be available on Tuesday, February 26, 2013 on the Investor Relations page of the Art’s Way website. The replay will remain available for 12 months.

What: Art’s Way Manufacturing 2012 Fourth Quarter and Year-End Financial Results Conference Call

When: February 26, 2013 10:00 a.m. 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.

About Art’s Way Manufacturing, Inc.

Art’s Way manufactures and distributes farm machinery and niche products including animal feed processing equipment, sugar beet defoliators and harvesters, land maintenance equipment, crop shredding equipment, round hay balers, plows, hay and forage equipment, manure spreaders, reels for combines and swathers, and top and bottom drive augers, as well as pressurized tanks and vessels, and modular animal confinement buildings and laboratories. After-market service parts are also an important part of the Company’s business. The Company has three reporting segments: agricultural products; pressurized tanks and vessels; and modular buildings.

For More Information, Contact: Jim Drewitz, Investor Relations

830-669-2466 jim@jdcreativeoptions.com

www.jdcreativeoptions.com

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

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