Arts Way Mfg Reports FY24 Results

TL;DR

ARTS WAY MFG FY24: $108.6M REV, $32.1M NET INCOME. HEALTHY BALANCE SHEET.

AI Summary

Arts Way Manufacturing Co Inc filed its 2024 10-K report, detailing its financial performance for the fiscal year ending November 30, 2024. The company reported revenues of $108.6 million and net income of $32.1 million, with earnings per share at $0.01. Key financial figures include total assets of $112.7 million and total liabilities of $9.5 million. The filing also outlines various debt instruments and capital expenditures.

Why It Matters

This 10-K filing provides a comprehensive overview of Arts Way Manufacturing's financial health and operational performance, crucial for investors and stakeholders to assess the company's stability and future prospects.

Risk Assessment

Risk Level: low — The filing presents standard financial disclosures for a public company without immediate red flags.

Key Numbers

• $108.6B — Revenues (Total revenues for the fiscal year ending November 30, 2024.)
• $32.1M — Net Income (Net income for the fiscal year ending November 30, 2024.)
• $0.01 — EPS (Earnings per share for the fiscal year ending November 30, 2024.)
• $112.7M — Total Assets (Total assets as of November 30, 2024.)
• $9.5M — Total Liabilities (Total liabilities as of November 30, 2024.)

Key Players & Entities

• ARTS WAY MANUFACTURING CO INC (company) — Filer of the 10-K report
• 2024-11-30 (date) — Fiscal year end date
• $108,636,000 (dollar_amount) — Total revenues for FY 2024
• $32,137,000 (dollar_amount) — Net income for FY 2024
• $0.01 (dollar_amount) — Earnings per share for FY 2024
• $112,714,000 (dollar_amount) — Total assets as of November 30, 2024
• $9,500,000 (dollar_amount) — Total liabilities as of November 30, 2024

FAQ

From the Filing

0001437749-25-004172.txt : 20250218 0001437749-25-004172.hdr.sgml : 20250218 20250218133702 ACCESSION NUMBER: 0001437749-25-004172 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 101 CONFORMED PERIOD OF REPORT: 20241130 FILED AS OF DATE: 20250218 DATE AS OF CHANGE: 20250218 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ARTS WAY MANUFACTURING CO INC CENTRAL INDEX KEY: 0000007623 STANDARD INDUSTRIAL CLASSIFICATION: FARM MACHINERY & EQUIPMENT [3523] ORGANIZATION NAME: 06 Technology IRS NUMBER: 420920725 STATE OF INCORPORATION: DE FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-05131 FILM NUMBER: 25634127 BUSINESS ADDRESS: STREET 1: P O BOX 288 CITY: ARMSTRONG STATE: IA ZIP: 50514 BUSINESS PHONE: 7128643131 MAIL ADDRESS: STREET 1: P O BOX 288 CITY: ARMSTRONG STATE: IA ZIP: 50514 10-K 1 artw20241130_10k.htm FORM 10-K artw20241130_10k.htm 0000007623 ARTS WAY MANUFACTURING CO INC false --11-30 FY 2024 108,636 32,137 0.01 0.01 500,000 500,000 0 0 0 0 0.01 0.01 9,500,000 9,500,000 5,149,173 5,106,922 112,714 94,256 3 2 1 3 40 http://fasb.org/us-gaap/2024#OtherAssetsNoncurrent http://fasb.org/us-gaap/2024#OtherAssetsNoncurrent http://fasb.org/us-gaap/2024#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2024#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2024#OtherAssetsNoncurrent http://fasb.org/us-gaap/2024#OtherAssetsNoncurrent 2,466,000 4 http://fasb.org/us-gaap/2024#Revenues 1 http://www.artsway-mfg.com/20241130#WallStreetJournalRateMember 150,000 19,648 19,648 7.00 7.00 October 1, 2037 October 1, 2037 2,972 2,972 7.00 7.00 May 15, 2027 May 15, 2027 731 731 3.75 3.75 December 18, 2022 December 18, 2022 June 18, 2050 June 18, 2050 731 731 3.75 3.75 December 18, 2022 December 18, 2022 June 18, 2050 June 18, 2050 731 731 3.75 3.75 December 24, 2022 December 24, 2022 June 24, 2050 June 24, 2050 0 0 0 0 false false false false FY 2024 capital expenditures include finance leased assets of $39,000 in the Agricultural Products segment. FY 2022 capital expenditures include $166,000 of finance leased assets. FY 2023 capital expenditures include finance leased assets of $118,000 in the Agricultural Products segment and $17,000 in the Modular Buildings segment. 0000007623 2023-12-01 2024-11-30 iso4217:USD 0000007623 2024-05-31 xbrli:shares 0000007623 2025-02-04 thunderdome:item 0000007623 2024-11-30 0000007623 2023-11-30 iso4217:USD xbrli:shares 0000007623 2022-12-01 2023-11-30 0000007623 us-gaap:CommonStockMember 2022-11-30 0000007623 us-gaap:AdditionalPaidInCapitalMember 2022-11-30 0000007623 us-gaap:RetainedEarningsMember 2022-11-30 0000007623 us-gaap:TreasuryStockCommonMember 2022-11-30 0000007623 2022-11-30 0000007623 us-gaap:CommonStockMember 2022-12-01 2023-11-30 0000007623 us-gaap:AdditionalPaidInCapitalMember 2022-12-01 2023-11-30 0000007623 us-gaap:RetainedEarningsMember 2022-12-01 2023-11-30 0000007623 us-gaap:TreasuryStockCommonMember 2022-12-01 2023-11-30 0000007623 us-gaap:CommonStockMember 2023-11-30 0000007623 us-gaap:AdditionalPaidInCapitalMember 2023-11-30 0000007623 us-gaap:RetainedEarningsMember 2023-11-30 0000007623 us-gaap:TreasuryStockCommonMember 2023-11-30 0000007623 us-gaap:CommonStockMember 2023-12-01 2024-11-30 0000007623 us-gaap:AdditionalPaidInCapitalMember 2023-12-01 2024-11-30 0000007623 us-gaap:RetainedEarningsMember 2023-12-01 2024-11-30 0000007623 us-gaap:TreasuryStockCommonMember 2023-12-01 2024-11-30 0000007623 us-gaap:CommonStockMember 2024-11-30 0000007623 us-gaap:AdditionalPaidInCapitalMember 2024-11-30 0000007623 us-gaap:RetainedEarningsMember 2024-11-30 0000007623 us-gaap:TreasuryStockCommonMember 2024-11-30 xbrli:pure 0000007623 2023-12-01 2024-08-30 0000007623 us-gaap:SalesRevenueNetMember us-gaap:CustomerConcentrationRiskMember 2023-11-01 2024-11-30 0000007623 us-gaap:SalesRevenueNetMember us-gaap:CustomerConcentrationRiskMember artw:OneCustomerMember 2023-11-01 2024-11-30 0000007623 us-gaap:SalesRevenueNetMember us-gaap:CustomerConcentrationRisk