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Art's Way Reports Improved Sales, Net Income in 2Q22

Art's Way's consolidated sales for the second quarter came in at $7.3 million, up 27.4% from $5.7 million in the same quarter last year. Sales for the first 6 months of 2022 came in at $12.9 million vs. $11.1 million last year, a 16% increase. The manufacturer stated it had seen "increased revenue and demand in all three business segments for the 3 months ended May 31, 2022 and increases in revenue in the Agricultural Products and Tools segments for the 6 months ended May 31, 2022."

Second quarter sales in the company's Agricultural Products segment were $5,316,000 compared to $3,858,000 during the same period of fiscal 2021, an increase of $1,458,000, or 37.8%. Year-to-date agricultural product sales were $9,477,000 compared to $7,357,000 last year, an increase of $2,120,000, or 28.8%.

Art's Way report continuing historic backlog numbers through 2Q22 as commodity prices remain near or at all-time highs, reporting the following:

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