Art's way announces revenue growth for q3 and first nine months of fiscal 2023, earnings growth for the nine months ended august 31, 2023
Armstrong, ia / accesswire / october 11, 2023 / art's way manufacturing co., inc. (nasdaq:artw) (the "company"), a diversified, international manufacturer and distributor of equipment serving agricultural and research industries, announces its financial results for the third quarter and year to date of fiscal 2023. for the three months ended (continuing operations, consolidated) august 31, 2023 august 31, 2022 sales $ 8,117,000 $ 7,476,000 operating income $ 468,000 $ 500,000 net income $ 241,000 $ 304,000 eps (basic) $ 0.05 $ 0.06 eps (diluted) $ 0.05 $ 0.06 weighted average shares outstanding: basic 5,009,041 4,700,422 diluted 5,009,041 4,700,422 for the nine months ended (continuing operations, consolidated) august 31, 2023 august 31, 2022 sales $ 23,429,000 $ 19,031,000 operating income $ 1,445,000 $ 510,000 net income $ 921,000 $ 191,000 eps (basic) $ 0.18 $ 0.04 eps (diluted) $ 0.18 $ 0.04 weighted average shares outstanding: basic 5,000,185 4,633,621 diluted 5,000,185 4,633,621 sales from continuing operations: our consolidated corporate sales from continuing operations for the three- and nine-month periods ended august 31, 2023 were $ 8,117,000 and $23,429,000, respectively, compared to $7,476,000 and $19,031,000 during the same respective periods in fiscal 2022, a $641,000, or 8.6%, increase for the three months and a $4,398,000, or 23.1%, increase for the nine months.
