Sales Performance - Consolidated corporate sales for the three months ended August 31, 2024 decreased by $2,241,000 (27.6%) compared to the same period in fiscal 2023[99] - Agricultural Products segment sales for the three months ended August 31, 2024 decreased by $2,542,000 (46.0%) compared to the same period in fiscal 2023[100] - Modular Buildings segment sales for the three months ended August 31, 2024 increased by $301,000 (11.6%) compared to the same period in fiscal 2023[101] Financial Results - Consolidated net loss for the nine months ended August 31, 2024 was $427,000 compared to net income of $921,000 for the same period in fiscal 2023[106] - Consolidated gross margin for the three months ended August 31, 2024 was 28.9% compared to 28.3% for the same period in fiscal 2023[99] - Modular Buildings segment gross margin for the three months ended August 31, 2024 was 30.7% compared to 33.4% for the same period in fiscal 2023[101] Order Backlog - Agricultural Products segment order backlog as of October 3, 2024 decreased by 82.9% compared to fiscal 2023[107] - Modular Buildings segment order backlog as of October 3, 2024 increased by 234.6% compared to fiscal 2023[107] Cash Flow and Financing - The sale of real estate from the Tools segment in October 2024 is expected to net close to $1.7 million in cash after closing expenses[108] - The company expects $1.2 million of net Employer Retention Credit refunds to provide a material inflow of cash, although the timing is unknown[108] - The company has a revolving line of credit of $5,500,000 with Bank Midwest, with an outstanding principal balance of $3,867,437 as of August 31, 2024[109] - The revolving line of credit was renewed on March 4, 2024, and is scheduled to mature on March 30, 2025[109] - The company believes its current financing arrangements will provide sufficient cash to finance operations and pay debt when due during the next twelve months[109] - The company expects to continue to be able to procure financing upon reasonable terms[109] Financial Reporting and Controls - The company's disclosure controls and procedures were effective as of August 31, 2024[111] - The company's consolidated financial statements present fairly its financial position, results of operations, and cash flows in conformity with accounting principles generally accepted in the United States[111] - There were no changes in the company's internal controls over financial reporting that materially affected or are reasonably likely to materially affect its internal controls over financial reporting during the period covered by the report[112] - The company's condensed consolidated financial statements include balance sheets, statements of operations, cash flows, and notes to the financial statements[118] Legal and Stock Transactions - The company is not currently a party to any material pending legal proceedings[114] - The company did not make any purchases of its common stock during the third quarter of fiscal 2024[115]

FOR IMMEDIATE RELEASE October 4, 2024 ART'S WAY MANUFACTURING REPORTS PROGRESS DESPITE DIFFICULT MARKET CONDITIONS IN THIRD QUARTER OF FISCAL 2024; CEO TRANSITION ARMSTRONG, IOWA, October 4, 2024 – Art's Way Manufacturing Co., Inc. (Nasdaq: ARTW) (the "Company"), a diversified manufacturer and distributor of equipment serving agricultural and research needs, announces its financial results for the third quarter of fiscal 2024 and nine months ended August 31, 2024. The Company also reports that it has reache ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended May 31, 2024 or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ______ to ______ Commission File No. 000-05131 ART'S-WAY MANUFACTURING CO., INC. (Exact name of registrant as specified in its charter) Delawa ...

FOR IMMEDIATE RELEASE July 3, 2024 ART'S WAY SCIENTIFIC'S FISCAL 2024 PERFORMANCE CONTINUES TO BUILD OFF 2023; ART'S WAY AG CONTINUES TO FIGHT THE HEADWINDS OF THE NORTH AMERICAN FARM SECTOR ARMSTRONG, IOWA, July 3, 2024 – Art's Way Manufacturing Co., Inc. (Nasdaq: ARTW) (the "Company"), a diversified manufacturer and distributor of equipment serving agricultural and research needs, announces its financial results for the second quarter of fiscal 2024 and six months ended May 31, 2024. | --- | --- | --- | | ...

Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock $0.01 par value ARTW The Nasdaq Stock Market LLC Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended February 29, 2024 or ☐ Transition report pursuant to Section 13 or 15(d) of th ...

FOR IMMEDIATE RELEASE April 9, 2024 ART'S WAY SCIENTIFIC'S GROWTH SURGES FORWARD FOR FISCAL 2024; ART'S WAY AG UTILIZES MOMENTUM FOR DIFFICULT AG MARKET AHEAD ARMSTRONG, IOWA, April 9, 2024 – Art's Way Manufacturing Co., Inc. (Nasdaq: ARTW) (the "Company"), a diversified manufacturer and distributor of equipment serving agricultural and research, announces its financial results for the first quarter of fiscal 2024. | --- | --- | --- | |--------------------------------------------|--------------------------- ...

FORM 10-K Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended November 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ____________ Commission file number 000-5131 ART'S-WAY MANUFACTURING CO., INC. (Exact name of registrant as specified in its charter) ...

Exhibit 99.1 FOR IMMEDIATE RELEASE February 9, 2024 ART'S WAY ANNOUNCES 18% REVENUE INCREASE, 104% INCREASE IN INCOME FROM CONTINUING OPERATIONS ARMSTRONG, IOWA, February 9, 2024 – Art's Way Manufacturing Co., Inc. (Nasdaq: ARTW), a diversified, international manufacturer and distributor of equipment serving agricultural and research needs, announces its financial results for fiscal 2023. | --- | --- | --- | |--------------------------------------------|------------------------------------------------------ ...

Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock $0.01 par value ARTW The Nasdaq Stock Market LLC Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended August 31, 2023 or ☐ Transition report pursuant to Section 13 or 15(d) of the ...

Sales Performance - Consolidated corporate sales for Q2 2023 were $9,008,000, a 23.8% increase compared to $7,275,000 in Q2 2022[85] - Agricultural Products segment sales for Q2 2023 were $6,368,000, a 19.8% increase compared to $5,316,000 in Q2 2022[86] - Modular Buildings segment sales for Q2 2023 were $1,856,000, a 53.5% increase compared to $1,209,000 in Q2 2022[87] - Tools segment sales for Q2 2023 were $784,000, a 4.5% increase compared to $750,000 in Q2 2022[89] Gross Margin - Consolidated gross margin for Q2 2023 was 25.9%, down from 30.1% in Q2 2022[85] - Modular Buildings segment gross margin for Q2 2023 was 20.7%, up from 15.8% in Q2 2022[87] Net Income - Consolidated net income for Q2 2023 was $307,000, compared to $175,000 in Q2 2022[94] Order Backlog - Order backlog for the Modular Buildings segment as of July 7, 2023 was $3,480,000, a 229% increase compared to $1,056,000 in 2022[95] Cash Generation and Liquidation - The company estimates cash generation of approximately $950,000 from the liquidation of the Tools segment[89] Credit Facility - The company has a $5,000,000 revolving line of credit with Bank Midwest, with an outstanding principal balance of $4,704,059 as of May 31, 2023[97]