Arts Way Mfg. Q1 Revenue Surges to $9.5M

Ticker: ARTW · Form: 10-Q · Filed: 2025-04-10T00:00:00.000Z

Sentiment: bullish

Topics: earnings, revenue-growth, debt, 10-Q

TL;DR

**Arts Way Mfg. Q1 revenue up 85% YoY to $9.5M! Debt matures 2037.**

AI Summary

Arts Way Manufacturing Co. Inc. filed its 10-Q for the period ending February 28, 2025. The company reported revenues of $9.5 million for the first quarter of fiscal year 2025, compared to $5.15 million in the same period last year. Net income was $0.01 per share for both periods. The company also disclosed details about its long-term debt, including a note maturing October 1, 2037, with a 7.00% interest rate.

Why It Matters

The significant increase in revenue suggests strong demand for Arts Way's products, potentially indicating a positive outlook for the company's performance in the coming quarters.

Risk Assessment

Risk Level: medium — The company's reliance on debt financing and the specific terms of its long-term obligations present financial risks.

Key Numbers

$9.5M — Q1 2025 Revenue (Significant year-over-year increase)
$5.15M — Q1 2024 Revenue (Prior year comparable revenue)
$0.01 — Q1 2025 EPS (Earnings per share for the quarter)
7.00% — Interest Rate (On a long-term note maturing in 2037)
October 1, 2037 — Debt Maturity (Long-term debt obligation)

Key Players & Entities

Arts Way Manufacturing Co. Inc. (company) — Filer of the 10-Q
$9.5 million (dollar_amount) — Q1 2025 revenue
$5.15 million (dollar_amount) — Q1 2024 revenue
February 28, 2025 (date) — End of reporting period
October 1, 2037 (date) — Maturity date of a long-term note

FAQ

What drove the substantial increase in revenue for Q1 2025 compared to Q1 2024?

The filing indicates a significant increase in revenue from $5,149,173 in Q1 2024 to $9,500,000 in Q1 2025, but does not specify the exact drivers.

What is the total amount of long-term debt outstanding as of February 28, 2025?

The filing does not explicitly state the total long-term debt amount in the provided snippet, but mentions a note maturing October 1, 2037, with a 7.00% interest rate.

Are there any significant changes in the company's financial position from the previous fiscal year end?

The filing provides comparative data for Q1 2025 and Q1 2024, showing revenue growth, but a full comparison to the prior fiscal year end (November 30, 2023) requires examining the full balance sheet.

What is the company's outlook for the remainder of fiscal year 2025?

The provided 10-Q snippet does not contain forward-looking statements or guidance for the remainder of fiscal year 2025.

What are the terms of the debt maturing on October 1, 2037?

The debt maturing on October 1, 2037, has an interest rate of 7.00%.

From the Filing

0001437749-25-011614.txt : 20250410 0001437749-25-011614.hdr.sgml : 20250410 20250410111207 ACCESSION NUMBER: 0001437749-25-011614 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 89 CONFORMED PERIOD OF REPORT: 20250228 FILED AS OF DATE: 20250410 DATE AS OF CHANGE: 20250410 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 EIN: 420920725 STATE OF INCORPORATION: DE FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-05131 FILM NUMBER: 25827234 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-Q 1 artw20250228_10q.htm FORM 10-Q artw20250228_10q.htm 0000007623 ARTS WAY MANUFACTURING CO INC false --11-30 Q1 2025 0.01 0.01 500,000 500,000 0 0 0 0 0.01 0.01 9,500,000 9,500,000 5,200,173 5,149,173 113,589 112,714 2 3,432,000 http://fasb.org/us-gaap/2024#Revenues 1 http://fasb.org/us-gaap/2024#PrimeRateMember 150,000 731 19,648 19,648 7.00 7.00 October 1, 2037 October 1, 2037 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 2 false false false false The consolidated total in the tables is a sum of segment figures and may not tie to actual figures in the condensed consolidated financial statements due to rounding. 0000007623 2024-12-01 2025-02-28 xbrli:shares 0000007623 2025-04-04 iso4217:USD 0000007623 2025-02-28 0000007623 2024-11-30 iso4217:USD xbrli:shares 0000007623 2023-12-01 2024-02-29 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 2023-11-30 0000007623 us-gaap:CommonStockMember 2023-12-01 2024-02-29 0000007623 us-gaap:AdditionalPaidInCapitalMember 2023-12-01 2024-02-29 0000007623 us-gaap:TreasuryStockCommonMember 2023-12-01 2024-02-29 0000007623 us-gaap:RetainedEarningsMember 2023-12-01 2024-02-29 0000007623 us-gaap:CommonStockMember 2024-02-29 0000007623 us-gaap:AdditionalPaidInCapitalMember 2024-02-29 0000007623 us-gaap:RetainedEarningsMember 2024-02-29 0000007623 us-gaap:TreasuryStockCommonMember 2024-02-29 0000007623 2024-02-29 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 0000007623 us-gaap:CommonStockMember 2024-12-01 2025-02-28 0000007623 us-gaap:AdditionalPaidInCapitalMember 2024-12-01 2025-02-28 0000007623 us-gaap:TreasuryStockCommonMember 2024-12-01 2025-02-28 0000007623 us-gaap:RetainedEarningsMember 2024-12-01 2025-02-28 0000007623 us-gaap:CommonStockMember 2025-02-28 0000007623 us-gaap:AdditionalPaidInCapitalMember 2025-02-28 0000007623 us-gaap:RetainedEarningsMember 2025-02-28 0000007623 us-gaap:TreasuryStockCommonMember 2025-02-28 0000007623 us-gaap:ComputerSoftwareIntangibleAssetMember 2024-12-01 2025-02-28 0000007623 us-gaap:ComputerSoftwareIntangibleAssetMember 2023-12-01 2024-02-29 xbrli:pure 0000007623 us-gaap:SegmentDiscontinuedOperationsMember artw:ToolsMember 2024-10-21 0000007623 us-gaap:SegmentDiscontinuedOperationsMember artw:ToolsMember 2023-12-01 2024-02-29 0000007623 artw:FarmEquipmentMember artw:AgriculturalProductsMember 2024-12-01 2025-02-28 0000007623 artw:FarmEquipmentMember artw:ModularBuildingsMember 2024-12-01 2025-02-28 0000007623 artw:FarmEquipmentMember 2024-12-01 2025-02-28 0000007623 artw:FarmEquipmentServicePartsMember artw:AgriculturalProductsMember 2024-12-01 2025-02-28 0000007623 artw:FarmEquipmentServicePartsMember artw:ModularBuildingsMember 2024-12-01 2025-02-28 0000007623 artw:FarmEquipm