Art's-Way Manufacturing Co. Inc. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis

April 2024 | 50 pages | ID: A9ABB3117D2BEN
BAC Reports

Abstracts

Art's-Way Manufacturing Co. Inc. Fundamental Company Report provides a complete overview of the company’s affairs. All available data is presented in a comprehensive and easily accessed format. The report includes financial and SWOT information, industry analysis, opinions, estimates, plus annual and quarterly forecasts made by stock market experts. The report also enables direct comparison to be made between Art's-Way Manufacturing Co. Inc. and its competitors. This provides our Clients with a clear understanding of Art's-Way Manufacturing Co. Inc. position in the Heavy Machinery Industry.

• The report contains detailed information about Art's-Way Manufacturing Co. Inc. that gives an unrivalled in-depth knowledge about internal business-environment of the company: data about the owners, senior executives, locations, subsidiaries, markets, products, and company history.
• Another part of the report is a SWOT-analysis carried out for Art's-Way Manufacturing Co. Inc.. It involves specifying the objective of the company's business and identifies the different factors that are favorable and unfavorable to achieving that objective. SWOT-analysis helps to understand company’s strengths, weaknesses, opportunities, and possible threats against it.
• The Art's-Way Manufacturing Co. Inc. financial analysis covers the income statement and ratio trend-charts with balance sheets and cash flows presented on an annual and quarterly basis. The report outlines the main financial ratios pertaining to profitability, margin analysis, asset turnover, credit ratios, and company’s long-term solvency. This sort of company's information will assist and strengthen your company’s decision-making processes.
• In the part that describes Art's-Way Manufacturing Co. Inc. competitors and the industry in whole, the information about company's financial ratios is compared to those of its competitors and to the industry. The unique analysis of the market and company’s competitors along with detailed information about the internal and external factors affecting the relevant industry will help to manage your business environment. Your company’s business and sales activities will be boosted by gaining an insight into your competitors’ businesses.
• Also the report provides relevant news, an analysis of PR-activity, and stock price movements. The latter are correlated with pertinent news and press releases, and annual and quarterly forecasts are given by a variety of experts and market research firms. Such information creates your awareness about principal trends of Art's-Way Manufacturing Co. Inc. business.

About Art's-Way Manufacturing Co. Inc.

Art’s-Way Manufacturing Co. Inc. engage in the fabrication and sale of metal products in the agricultural sector in the United States.

Segments

The company operates in three segments: Art’s-Way Manufacturing; Art’s-Way Vessels; and Art’s-Way Scientific.

ART’S-WAY MANUFACTURING

Art’s-Way Manufacturing manufactures various farm machinery, including portable and stationary animal feed processing equipment and related attachments used to mill and mix feed grains into custom animal feed rations; a high bulk mixing wagon to mix animal feeds containing silage, hay and grain; a line of portable grain augers; a line of stalk shredders; sugar beet harvesting equipment; and a line of land maintenance equipment, moldboard plows and grain drill equipment. The company sells its labeled products through independent farm equipment dealers throughout the United States. In addition, the company manufactures and supplies hay blowers under an original equipment manufacturer (OEM) agreement with Case New Holland (CNH). The company also offers hay and forage lines, forage boxes, forage blowers, running gears, dump boxes, and options.

The company also purchased the Miller Pro product line except for pole-type sprayers marketed under the Miller Pro brand and products manufactured by Ziegler. The Miller Pro product line consists of forage boxes, receiver boxes, running gears and tires, forage blowers, dump boxes, rotary rakes, finger-wheel rakes, Miller produced hay-mergers and all ‘Hay Buddy’ equipment and options for any of those products. Its brand names include Art’s-Way, Miller Pro, and Badger.

Principal Products

Grinder mixer line: The grinder mixer line represents its original product line. Grinder mixers are used to grind grain and mix in proteins for animal feed. The company’s grinder mixers have swing radiuses to allow users to reposition the discharge tube from one side of the tank to the other in one step. The company’s PM25 grinder mixer offers a 105-bushel tank with a 20-inch hammermill, and it was upgraded to its 5105 grinder mixer model. The company’s 5165 grinder mixer offers a 165-bushel tank with a 26-inch hammermill. Its Cattle Maxx rollermill mixer products offer consistent feed grain rations for beef and dairy operations and are available in 105-bushel and 165-bushel capacities.

Stationary feed grain processing line: The company offers stationary hammermills and rollermills. Hammermills are aggressive pre-cleaners that are designed to remove appendages, awns, and other chaff from seeds by scraping the seed over and through the screen.

Crop Production line: The company’s no-till drills are farm implements designed to plant seed and spread fertilizer in one operation and are generally used by farmers to plant or improve their pastures.

Land management line: Land planes are used to even distribution of rainfall or irrigation by eliminating water pockets, furrows, and implement scars in fields. The company’s moldboard plows are designed to slice and invert the soil to leave a rough surface exposed, and they are primarily used on clean-tilled cropland with high amounts of crop residue. The company offers pull-type graders to help its customers perform tasks, such as maintaining terraces and waterways, leveling ground, cleaning ditches, and removing snow.

Moldboard Plow line: The Art’s-Way moldboard plows offer conservation tillage choices to match each customer’s preference.

Sugar beet harvesting line: The company’s machines can harvest 6, 8, or 12 rows at a time. The company’s sugar beet defoliators cut and remove the leaves of the sugar beets without damaging them, and the leaf particles are then incorporated back into the soil.

Hay and forage line: The company offers productive hay and forage tools for the range of producers. This product line includes high capacity forage boxes for transporting hay from the field with optional running gear to provide stability and tracking.

Augers line: The company established a portable grain auger manufacturing plant in Salem, South Dakota in 2009. Rolling Hopper Augers are constructed from 12 gauge tube and ¼ flighting. These augers feature an inte

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Contents

RESEARCH METHODOLOGY

DISCLAIMER

1. ART'S-WAY MANUFACTURING CO. INC. COMPANY PROFILE

1.1. Key facts
1.2. Financial Performance
1.3. Key Executives
1.4. Ownership and Major Holders
1.5. Company History

2. ART'S-WAY MANUFACTURING CO. INC. BUSINESS OVERVIEW

2.1. Business Description
2.2. Major Products and Services
2.3. Markets and Sales Activities
2.4. Locations, Subsidiaries, Operating Units

3. ART'S-WAY MANUFACTURING CO. INC. SWOT ANALYSIS

3.1. Overview
3.2. Strengths
3.3. Weaknesses
3.4. Opportunities
3.5. Threats

4. ART'S-WAY MANUFACTURING CO. INC. FINANCIAL ANALYSIS

4.1. Financial Statements
4.1.1. Income Statement
4.1.2. Balance Sheet
4.1.3. Cash Flow
4.2. Financial Ratios
4.2.1. Profitability
4.2.2. Margin Analysis
4.2.3. Asset Turnover
4.2.4. Credit Ratios
4.2.5. Long-Term Solvency
4.2.6. Growth Over Prior Year
4.2.7. Financial Ratios Charts
4.3. Stock Market Snapshot

5. ART'S-WAY MANUFACTURING CO. INC. COMPETITORS AND INDUSTRY ANALYSIS

5.1. Art's-Way Manufacturing Co. Inc. Direct Competitors
5.2. Comparison of Art's-Way Manufacturing Co. Inc. and Direct Competitors Financial Ratios
5.3. Comparison of Art's-Way Manufacturing Co. Inc. and Direct Competitors Stock Charts
5.4. Art's-Way Manufacturing Co. Inc. Industry Analysis
5.4.1. Heavy Machinery Industry Snapshot
  5.4.2. Art's-Way Manufacturing Co. Inc. Industry Position Analysis

6. ART'S-WAY MANUFACTURING CO. INC. NEWS & EVENTS

6.1. News & PR Activity Analysis
6.2. IR Corporate News
6.3. Marketing News
6.4. Corporate Events

7. ART'S-WAY MANUFACTURING CO. INC. EXPERTS REVIEW¹

7.1. Experts Consensus
7.2. Experts Revisions

8. ART'S-WAY MANUFACTURING CO. INC. ENHANCED SWOT ANALYSIS²

9. UNITED STATES PESTEL ANALYSIS²

9.1. Political Factors
9.2. Economic Factors
9.3. Social Factors
9.4. Technological Factors
9.5. Environmental Factors
9.6. Legal Factors

10. ART'S-WAY MANUFACTURING CO. INC. IFE, EFE, IE MATRICES²

10.1. Internal Factor Evaluation Matrix
10.2. External Factor Evaluation Matrix
10.3. Internal External Matrix

11. ART'S-WAY MANUFACTURING CO. INC. PORTER FIVE FORCES ANALYSIS²

12. ART'S-WAY MANUFACTURING CO. INC. VRIO ANALYSIS²

APPENDIX: RATIO DEFINITIONS

LIST OF FIGURES

Art's-Way Manufacturing Co. Inc. Annual Revenues in Comparison with Cost of Goods Sold and Gross Profit
Profit Margin Chart
Operating Margin Chart
Return on Equity (ROE) Chart
Return on Assets (ROA) Chart
Debt to Equity Chart
Current Ratio Chart
Art's-Way Manufacturing Co. Inc. 1-year Stock Charts
Art's-Way Manufacturing Co. Inc. 5-year Stock Charts
Art's-Way Manufacturing Co. Inc. vs. Main Indexes 1-year Stock Chart
Art's-Way Manufacturing Co. Inc. vs. Direct Competitors 1-year Stock Charts
Art's-Way Manufacturing Co. Inc. Article Density Chart

1 – Data availability depends on company’s security policy.
2 – These sections are available only when you purchase a report with appropriate additional types of analyses.
The complete financial data is available for publicly traded companies.

List Of Tables

LIST OF TABLES

Art's-Way Manufacturing Co. Inc. Key Facts
Profitability
Management Effectiveness
Income Statement Key Figures
Balance Sheet Key Figures
Cash Flow Statement Key Figures
Financial Performance Abbreviation Guide
Art's-Way Manufacturing Co. Inc. Key Executives
Art's-Way Manufacturing Co. Inc. Major Shareholders
Art's-Way Manufacturing Co. Inc. History
Art's-Way Manufacturing Co. Inc. Products
Revenues by Segment
Revenues by Region
Art's-Way Manufacturing Co. Inc. Offices and Representations
Art's-Way Manufacturing Co. Inc. SWOT Analysis
Yearly Income Statement Including Trends
Income Statement Latest 4 Quarters Including Trends
Yearly Balance Sheet Including Trends
Balance Sheet Latest 4 Quarters Including Trends
Yearly Cash Flow Including Trends
Cash Flow Latest 4 Quarters Including Trends
Art's-Way Manufacturing Co. Inc. Profitability Ratios
Margin Analysis Ratios
Asset Turnover Ratios
Credit Ratios
Long-Term Solvency Ratios
Financial Ratios Growth Over Prior Year
Art's-Way Manufacturing Co. Inc. Capital Market Snapshot
Art's-Way Manufacturing Co. Inc. Direct Competitors Key Facts
Direct Competitors Profitability Ratios
Direct Competitors Margin Analysis Ratios
Direct Competitors Asset Turnover Ratios
Direct Competitors Credit Ratios
Direct Competitors Long-Term Solvency Ratios
Heavy Machinery Industry Statistics
Art's-Way Manufacturing Co. Inc. Industry Position
Company vs. Industry Income Statement Analysis
Company vs. Industry Balance Sheet Analysis
Company vs. Industry Cash Flow Analysis
Company vs. Industry Ratios Comparison
Art's-Way Manufacturing Co. Inc. Consensus Recommendations¹
Analyst Recommendation Summary¹
Price Target Summary¹
Experts Recommendation Trends¹
Revenue Estimates Analysis¹
Earnings Estimates Analysis¹
Historical Surprises¹
Revenue Estimates Trend¹
Earnings Estimates Trend¹
Revenue Revisions¹

ANALYSIS FEATURES

SWOT Analysis

SWOT, which stands for Strengths, Weaknesses, Opportunities and Threats, is an analytical framework that identifies the internal and external factors that are favorable and unfavorable for a company.

Enhanced SWOT Analysis

Enhanced SWOT is a 3×3 grid that arranges strengths, weaknesses, opportunities and threats into one scheme:

• How to use the strengths to take advantage of the opportunities?
• How to use the strengths to reduce likelihood and impact of the threats?
• How to overcome the weaknesses that obstruct taking advantage of the opportunities?
• How to overcome the weaknesses that can make the threats a reality?

Upon answering these questions a company can develop a project plan to improve its business performance.

PESTEL Analysis

PESTEL (also termed as PESTLE) is an ideal tool to strategically analyze what influence different outside factors – political, economic, sociocultural, technological, environmental and legal – exert on a business to later chart its long term targets.

Being part of the external analysis when carrying out a strategic assessment or performing a market study, PESTEL gives an overview of diverse macro-environmental factors that any company should thoughtfully consider. By perceiving these outside environments, businesses can maximally benefit from the opportunities while minimizing the threats to the organization.

Key Factors Examined by PESTEL Analysis:

• Political – What opportunities and pressures are brought by political bodies and what is the degree of public regulations’ impact on the business?
• Economic – What economic policies, trends and structures are expected to affect the organization, what is this influence’s degree?
• Sociological – What cultural and societal aspects will work upon the demand for the business’s products and operations?
• Technological – What impact do the technological aspects, innovations, incentives and barriers have on the organization?
• Environmental – What environmental and ecological facets, both locally and farther afield, are likely to predetermine the business?
• Legal – What laws and legislation will exert influence on the style the business is carried out?

IFE, EFE, IE Matrices

The Internal Factor Evaluation matrix (IFE matrix) is a strategic management tool helping audit or evaluate major weaknesses and strengths in a business’s functional areas. In addition, IFE matrix serves as a basis for identifying and assessing relationships amongst those areas. The IFE matrix is utilised in strategy formulation.

The External Factor Evaluation matrix (EFE matrix) is a tool of strategic management that is typically utilised to assess current market conditions. It is an ideal instrument for visualising and prioritising the threats and opportunities a firm is facing.

The essential difference between the above mentioned matrices lies in the type of factors incorporated in the model; whilst the latter is engaged in internal factors, the former deals exceptionally with external factors – those exposed to social, political, economic, legal, etc. external forces.

Being a continuation of the EFE matrix and IFE matrix models, the Internal External matrix (IE matrix) rests upon an investigation of external and internal business factors integrated into one suggestive model.

Porter Five Forces Analysis

The Porter’s five forces analysis studies the industry of operation and helps the company find new sources of competitive advantage. The analysis surveys an industry through five major questions:

1. What composes a threat of substitute products and services?
2. Is there a threat of new competitors entering the market?
3. What is the intensity of competitive rivalry?
4. How big is the bargaining power of buyers?
5. How significant is the bargaining power of suppliers?

VRIO Analysis

VRIO stands for Value, Rarity, Imitability, Organization. This analysis helps to evaluate all company’s resources and capabilities and bring them together into one aggregate table that includes:

• Tangible resources
  • Financial
  • Physical
  • Technological
  • Organizational
• Intangible resources
  • Human
  • Innovation and Creativity
  • Reputation
• Organizational capabilities

The result of the analysis gives a clear picture of company’s competitive and economic implications, answering the questions if the resources mentioned above are:

• Valuable?
• Rare?
• Costly to imitate?
• Organized properly?