Art’s Way Manufacturing Co., Inc. (ARTW) Reports Increase in First Fiscal Quarter Net Income
Art's Way Manufacturing Co., Inc. reported net income of $34,000 in the first fiscal quarter of 2010, a large increase from the $3,600 reported in the same quarter a year earlier. Art's Way Manufacturing Co., Inc. reported revenue of $5.58 million in the first fiscal quarter of 2010, a decline from the $6.9 million reported in the first fiscal quarter of 2009. Gross margin increased to 23.8% in the quarter, compared to 19.7% last year. The company’s backlog of orders increased to $17.5 million in the first quarter of fiscal 2010, from $13.1 million in the same quarter last year.…