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Stock impact report

Art's Way Manufacturing Reports Progress Despite Difficult Market Conditions in Third Quarter of Fiscal 2024; CEO Transition [Yahoo! Finance]

Art's-Way Manufacturing Co., Inc. (ARTW) 
US:NASDAQ Investor Relations: artsway-mfg.com/investor-relations
Company Research Source: Yahoo! Finance
ARMSTRONG, IA / ACCESSWIRE / 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 reached a mutual separation agreement with President and CEO David King effective October 1, 2024. Sales: Our consolidated corporate sales from continuing operations for the three- and nine-month periods ended August 31, 2024 were $5,876,000 and $18,329,000 compared to $8,117,000 and $23,429,000 during the same respective periods in fiscal 2023, a $2,241,000, or 27.6%, decrease for the three months and a decrease of $5,100,000, or 21.8% decrease for the nine months. Our third quarter sales in our Agricultural Products segment were $2,988,000 compared to $5,530,000 during the same period of fiscal 2023, a decrease of $2,542,000, or 4 Show less Read more
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