Art’s Way reports 2022 EPS 2c vs. 5c last year

Reports revenue $28.4M vs. $24.97M last year. "We are looking forward to another strong year in the agriculture segment as commodity prices and farm income remain favorable," said David King, CEO of Art’s Way. "Our early order program has generated record backlog for our agriculture equipment, booking over 50% of our expected annual budget. Despite continued supply chain disruptions and labor shortages, we have been successful in increasing our monthly shipments which is the result of the effort and hard work by our dedicated team of employees. After experiencing a difficult year in 2022 both our Tools and Modular Building segments are seeing increased demand. Along with continued strong demand for agricultural buildings, the Modular Building segment has seen several large research projects that were delayed in 2022 come under contract for 2023 which we expect will result in a strong revenue increase for the year."