Art's way reports q1 improvement for fiscal 2023 year on year; 40.7% revenue increase, $986,000 increase in operating income

Armstrong, ia / accesswire / april 6, 2023 / art's way manufacturing co., inc. (nasdaq:artw) (the "company"), a diversified, international manufacturer and distributor of equipment serving agricultural, research and steel cutting needs, announces its financial results for the first quarter of fiscal 2023. for the three months ended (consolidated) february 28, 2023 february 28, 2022 sales $ 7,895,000 $ 5,613,000 operating income (loss) $ 549,000 $ (437,000) net income (loss) $ 342,000 $ (406,000) eps (basic) $ 0.07 $ (0.09) eps (diluted) $ 0.07 $ (0.09) weighted average shares outstanding: basic 4,976,955 4,569,720 diluted 4,976,955 4,569,720 sales: the company's consolidated corporate sales for the three-month period ended february 28, 2023 were $7,895,000 compared to $5,613,000 during the same period in fiscal 2022, an increase of $2,282,000, or 40.7%.
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