Art's way manufacturing's core agricultural products segment reports 31.7% revenue increase for the nine months ending august 31, 2022 driven by high demand for grinder mixers and sugar beet equipment
Armstrong, ia / accesswire / october 5, 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 third quarter and year to date fiscal 2022. for the three months ended (consolidated) august 31, 2022 august 31, 2021 sales $ 8,140,000 $ 6,592,000 operating income (loss) $ 431,000 $ 160,000 net income (loss) $ 238,000 $ 56,000 eps (basic) $ 0.05 $ 0.01 eps (diluted) $ 0.05 $ 0.01 weighted average shares outstanding: basic 4,700,422 4,529,026 diluted 4,700,422 4,529,026 for the nine months ended (consolidated) august 31, 2022 august 31, 2021 sales $ 21,029,000 $ 17,703,000 operating income (loss) $ 315,000 $ (60,000) net income (loss) $ 6,000 $ (195,000) eps (basic) $ 0.00 $ (0.04) eps (diluted) $ 0.00 $ (0.04) weighted average shares outstanding: basic 4,633,621 4,508,986 diluted 4,633,621 4,508,986 sales: our consolidated corporate sales for the three- and nine-month periods ended august 31, 2022 were $8,140,000 and $21,029,000, respectively, compared to $6,592,000 and $17,703,000 during the same respective periods in fiscal 2021, a $1,548,000, or a 23.5% increase for the three months and a $3,326,000, or 18.8% increase for the nine months.
