Last10K.com

Arts Way Manufacturing Co Inc (ARTW) SEC Filing 10-K Annual report for the fiscal year ending Monday, November 30, 2015

Arts Way Manufacturing Co Inc

CIK: 7623 Ticker: ARTW

Exhibit 99.1

 

 

FOR IMMEDIATE RELEASE

February 2, 2016

 

 

ART’S WAY MANUFACTURING ANNOUNCES YEAR END 2015 FINANCIAL RESULTS

 

Conference Call Scheduled For Wednesday, February 3rd, 2016 at 10:00 AM CT

 

ARMSTRONG, IOWA, February 2, 2016 – Art’s Way Manufacturing Co., Inc. (NASDAQ: ARTW), a diversified, international manufacturer and distributor of equipment serving agricultural, research, water treatment and steel cutting needs, announces its financial results for the year ended November 30, 2015.

 

In conjunction with the release, the Company has scheduled a conference call for Wednesday, February 3, 2016 at 10:00 AM CT. Marc H. McConnell, Chairman of the Board of Directors of Art’s Way Manufacturing, J. Ward McConnell Jr., Vice Chairman of the Board of Directors of Art’s Way Manufacturing, Carrie Majeski, President and Chief Executive Officer and Dan Palmer, President of Art’s Way Scientific will be leading the call to discuss the year-end 2015 financial results.

 

What: Art’s Way Manufacturing, Inc. year-end 2015 Financial Results.

 

When: Wednesday, February 3, 2016 10:00 AM CT.

 

How: Live via phone by dialing (877) 358-7309. Code: Art’s Way Manufacturing. Participants to the conference call should call in at least 5 minutes prior to the start time. A replay of the call will be archived on the Company’s website for 12 months. www.artsway-mfg.com/

 

   

For the Year Ended
(Consolidated)

         
   

November 30, 2015

   

November 30, 2014

   

Change

 

Sales

  $ 27,936,000     $ 36,170,000       -22.8 %

Operating Income (Loss)

  $ (404,000 )   $ 1,665,000          

Net Income (Loss)

  $ (558,000 )   $ 935,000          

EPS (Basic)

  $ (0.14 )   $ 0.23          

EPS (Diluted)

  $ (0.14 )   $ 0.23          

Weighted Average Shares Outstanding:

                       

Basic

    4,058,382       4,047,796          

Diluted

    4,058,382       4,052,703          

 

 
 

The following information was filed by Arts Way Manufacturing Co Inc (ARTW) on Wednesday, February 3, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Arts Way Manufacturing Co Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Arts Way Manufacturing Co Inc.

Continue

Assess how Arts Way Manufacturing Co Inc's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Arts Way Manufacturing Co Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2016 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

SEC Filing Tools

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Note 17 - Subsequent Event
Consolidated Balance Sheets
Consolidated Balance Sheets (parentheticals)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Operations
Consolidated Statements Of Stockholders' Equity
Consolidated Statements Of Stockholders' Equity (parentheticals)
Note 1 - Basic And Diluted Earnings Per Common Share (details)
Note 12 - Fair Value Assumptions (details)
Note 12 - Option Activity (details)
Note 12 - Summary Of The Status Of The Company's Non-vested Shares (details)
Note 13 - Deferred Tax Assets And Liabilities (details)
Note 13 - Income Tax Expense (benefit) (details)
Note 13 - Reconciliation Of The Statutory Federal Income Tax Rate (details)
Note 16 - Segment Reporting Information (details)
Note 2 - Activity In The Allowance For Doubtful Accounts (details)
Note 3 - Inventories - Major Classes Of Inventory (details)
Note 4 - Contracts In Progress - Long-term Contracts (details)
Note 5 - Major Classes Of Property, Plant, And Equipment (details)
Note 6 - Major Components Assets Available For Sale (details)
Note 7 - Major Components Of Accrued Expenses (details)
Note 8 - Changes In Product Warranty Liability (details)
Note 9 - Summary Of Term Debt (details)
Note 9 - Summary Of Term Debt (details) (parentheticals)
Note 9 - Summary Of The Minimum Maturities Of Term Debt (details)
Note 1 - Summary Of Significant Account Policies
Note 1 - Summary Of Significant Account Policies (details Textual)
Note 1 - Summary Of Significant Account Policies (tables)
Note 10 - Related Party Transactions
Note 10 - Related Party Transactions (details Textual)
Note 11 - Employee Benefit Plans
Note 11 - Employee Benefit Plans (details Textual)
Note 12 - Equity Incentive Plan
Note 12 - Equity Incentive Plan (details Textual)
Note 12 - Equity Incentive Plan (tables)
Note 13 - Income Taxes
Note 13 - Income Taxes (tables)
Note 14 - Disclosures About The Fair Value Of Financial Instruments
Note 15 - Litigation And Contingencies
Note 16 - Segment Information
Note 16 - Segment Information (details Textual)
Note 16 - Segment Information (tables)
Note 2 - Allowance For Doubtful Accounts
Note 2 - Allowance For Doubtful Accounts (tables)
Note 3 - Inventories
Note 3 - Inventories (tables)
Note 4 - Contracts In Progress
Note 4 - Contracts In Progress (details Textual)
Note 4 - Contracts In Progress (tables)
Note 5 - Property, Plant, And Equipment
Note 5 - Property, Plant, And Equipment (details Textual)
Note 5 - Property, Plant, And Equipment (tables)
Note 6 - Assets Available For Sale
Note 6 - Assets Available For Sale (details Textual)
Note 6 - Assets Available For Sale (tables)
Note 7 - Accrued Expenses
Note 7 - Accrued Expenses (tables)
Note 8 - Product Warranty
Note 8 - Product Warranty (details Textual)
Note 8 - Product Warranty (tables)
Note 9 - Loan And Credit Agreements
Note 9 - Loan And Credit Agreements (details Textual)
Note 9 - Loan And Credit Agreements (tables)
Significant Accounting Policies (policies)
Ticker: ARTW
CIK: 7623
Form Type: 10-K Annual Report
Accession Number: 0001437749-16-024657
Submitted to the SEC: Wed Feb 03 2016 4:59:21 PM EST
Accepted by the SEC: Wed Feb 03 2016
Period: Monday, November 30, 2015
Industry: Farm Machinery And Equipment

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/artw/0001437749-16-024657.htm