Art's way manufacturing reports profitable second quarter and 16% revenue increase for first six months of fiscal 2022

Armstrong, ia / accesswire / july 6, 2022 / art's-way manufacturing co., inc. (nasdaq:artw), a diversified, international manufacturer and distributor of equipment serving agricultural, research and steel cutting needs, announces its financial results for the second quarter and year to date fiscal 2022. for the three months ended (consolidated) may 31, 2022 may 31, 2021 sales $ 7,275,000 $ 5,710,000 operating income (loss) $ 321,000 $ 149,000 net income (loss) $ 175,000 $ 64,000 eps (basic) $ 0.04 $ 0.01 eps (diluted) $ 0.04 $ 0.01 weighted average shares outstanding: basic 4,629,331 4,522,514 diluted 4,629,331 4,522,514 for the six months ended (consolidated) may 31, 2022 may 31, 2021 sales $ 12,888,000 $ 11,111,000 operating loss $ (115,000 ) $ (220,000 ) net loss $ (231,000 ) $ (251,000 ) eps (basic) $ (0.05 ) $ (0.06 ) eps (diluted) $ (0.05 ) $ (0.06 ) weighted average shares outstanding: basic 4,599,743 4,498,687 diluted 4,599,743 4,498,687 sales: our consolidated corporate sales for the three- and six-month periods ended may 31, 2022 were $7,275,000 and $12,888,000, respectively, compared to $5,710,000 and $11,111,000 during the same respective periods in fiscal 2021, a $1,565,000, or 27.4%, increase for the three months and a $1,777,000, or 16.0%, increase for the six months.
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