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]

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 28, 2023 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) Delaware 42-0920725 ...

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, 2022 ☐ 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) Delaware 42-0920725 (State o ...

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, 2020 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) DELAWARE 42-0920725 ( ...

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, 2020 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) DELAWARE 42-0920725 (Sta ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 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 $.01 par value ARTW The Nasdaq Stock Market LLC FORM 10-Q (Mark One) [x] Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended February 29, 2020 or [ ] Transition report pursuant to Section 13 or 15(d) of the Securities Ex ...

Revenue Segments - Agricultural Products segment accounted for 59.0% of net revenue in the 2019 fiscal year, down from 72.7% in 2018[12] - Modular Buildings segment contributed 31.7% to net revenue in 2019, significantly up from 15.8% in 2018[13] - Tools segment represented 9.3% of net revenue in 2019, a decrease from 11.5% in 2018[14] - Consolidated net sales for the fiscal year 2019 totaled $22,889,000, a 16.0% increase from $19,727,000 in 2018, driven by a 133.5% increase in the Modular Buildings segment[81] - Agricultural Products segment sales decreased by $836,000, or 5.8%, to $13,508,000 in 2019, primarily due to decreased demand for portable feed equipment[85] - Modular Buildings segment net sales increased by $4,151,000, or 133.5%, to $7,260,000 in 2019, attributed to increased operating lease activity and progress on an $8.5 million project[87] - Tools segment net sales decreased by $153,000, or 6.7%, to $2,121,000 in 2019, primarily due to the loss of a large volume customer[88] Financial Performance - Consolidated gross profit as a percentage of net sales was 17.2% in 2019, compared to 17.8% in 2018, with variations across segments[81] - Consolidated operating expenses decreased by 17.9% to $5,424,000 in 2019, with the Agricultural Products segment accounting for $3,796,000 of total expenses[81] - Agricultural Products segment operating expenses decreased by $1,163,000, or 23.5%, to $3,796,000 in 2019, reflecting reduced selling expenses and one-time non-cash expenses in 2018[86] - Consolidated net loss for continuing operations was $(1,420,000) in 2019, a decrease in loss of $1,916,000 compared to $(3,336,000) in 2018[83] - The net loss for the year ended November 30, 2019, was $1,419,586, significantly improved from a net loss of $3,386,902 in 2018, reflecting a reduction of about 58%[112] - Cash provided by operating activities for continuing operations was $807,753 in 2019, compared to cash used of $(1,026,522) in 2018[116] Assets and Liabilities - Total liabilities decreased by $735,000 compared to the 2018 fiscal year, with total borrowings reduced by $1,241,000 in fiscal year 2019[66] - Current assets decreased from $12,145,158 in November 30, 2018 to $11,407,230 in November 30, 2019, while current liabilities decreased from $5,765,381 to $5,202,764, resulting in working capital of $6,204,466[98] - Total assets decreased from $21,325,474 in November 30, 2018 to $19,346,938 in November 30, 2019[107] - Long-term debt, excluding the current portion, decreased from $2,523,018 to $2,350,592[107] - The Company has a total term debt of $2,435,993 as of November 30, 2019, down from $2,750,477 in the previous year, reflecting a decrease of approximately 11.4%[192] Operational Developments - The company introduced the 8215 grinder mixer with a capacity of 215 bushels, the largest in the industry, during the 2019 fiscal year[28] - New manure spreaders, the X700 and X900, were put into mass production in 2019, featuring a guillotine slop gate for accurate metering[28] - Development of a sonar leveling axle for sugar beet harvesters was completed in 2019 to enhance harvesting capabilities[28] - The company has engaged in continuous improvement projects, including warehouse reorganization and cost-cutting measures, to enhance operational effectiveness[65] Customer and Sales Information - One customer accounted for over 21% of consolidated revenues during the 2019 fiscal year due to a large contract in the Modular Buildings segment[43] - Sales to OEM customers accounted for approximately 1% of consolidated sales in the 2019 fiscal year, down from 5% in 2018[42] - International sales accounted for 5.0% of consolidated sales during the 2019 fiscal year[26] Tax and Regulatory Matters - Effective tax rate for continuing operations increased to 19.7% in 2019 from 13.3% in 2018, due to a one-time adjustment to the deferred tax asset[84] - The statutory federal income tax rate remains at 21.0% for both November 30, 2019, and November 30, 2018[207] - The Company reported a total income tax expense of $(349,234) for the fiscal year ending November 30, 2019, compared to $(526,740) in 2018, showing a reduction of approximately 33.6%[206] Research and Development - Research and development costs for fiscal year 2019 were $149,000, down from $178,000 in 2018, reflecting a reduction of about 16.3%[151] Inventory and Receivables - Total gross inventory decreased to $11,553,499 from $13,148,910, with net inventory at $8,778,507 compared to $10,257,102 for the same period[170] - Contract receivables as of November 30, 2019, were $115,000, down from $159,000 in 2018, a decrease of about 27.7%[149] - Contract assets increased significantly to $727,000 in 2019 from $99,000 in 2018, representing a growth of approximately 634.3%[149] - Contract liabilities decreased to $89,000 in 2019 from $185,000 in 2018, a decline of about 51.9%[149] Future Outlook - The company anticipates that further increases in the value of agricultural production will benefit its business, while decreases may harm financial results[90] - The company believes its current cash and financing arrangements provide sufficient cash to finance operations for the next 12 months[98]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) [x] Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended August 31, 2019 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) DELAWARE 42-09207 ...