Art’s-Way Manufacturing Co., Inc. is a worldwide manufacturer of agricultural equipment and specialized modular science and agricultural buildings.
Segments
The company operates through two operating segments: Agricultural Products and Modular Buildings.
Agricultural Products
The company’s Agricultural Products segment manufactures and distributes farm equipment under the Art’s-Way name.
This segment manufactures a variety of specialized farm machinery under the company’s own label, includi...
Art’s-Way Manufacturing Co., Inc. is a worldwide manufacturer of agricultural equipment and specialized modular science and agricultural buildings.
Segments
The company operates through two operating segments: Agricultural Products and Modular Buildings.
Agricultural Products
The company’s Agricultural Products segment manufactures and distributes farm equipment under the Art’s-Way name.
This segment manufactures a variety of specialized farm machinery under the company’s own label, including portable and stationary animal feed processing equipment and related attachments used to mill and mix feed grains into custom animal feed rations; a line of forage equipment consisting of forage boxes, bale processors, running gear, and dump boxes; a line of manure spreaders; sugar beet harvesting equipment; and a line of dirt work equipment. The company sells its labeled products through independent farm equipment dealers throughout the United States, Australia, Canada, Japan and the United Kingdom. The company also provides after-market service parts that are available to keep its branded equipment operating to the satisfaction of the end user of its products.
Modular Buildings
The company’s Modular Buildings segment manufactures modular buildings for various uses, commonly animal containment and research laboratories, through the company’s wholly-owned subsidiary, Art’s-Way Scientific, Inc., an Iowa corporation.
This segment produces, sells and leases modular buildings, which are custom-designed to meet the specific research needs of the company’s customers. The buildings the company commonly produces range from basic swine buildings to complex containment research laboratories. The company’s focus is providing research facilities for academic research institutions, government research and diagnostic centers, public health institutions and private research and pharmaceutical companies, as those are its primary market sectors. The company provides services from start to finish by designing, manufacturing, delivering and installing these facilities to meet customers’ critical requirements. In addition to selling these facilities, the company offers a lease option to customers in need of temporary facilities.
Principal Agricultural Products
Arthur Luscombe built the first power take-off powered grinder mixer on his farm near Dolliver, Iowa. The product’s ability to tackle even the most demanding workload made it an overwhelming success – and secured Luscombe’s reputation as a farmer, entrepreneur and independent thinker who did things his way. The company provides limited original equipment manufacturer, or OEM, parts to some of the industry’s leading manufacturers.
Feed Mills: There’s no one better than Art’s Way when it comes to processing feed. Stationary mills for livestock feeding or breweries, portable units for small operations and large grinder mixers for the modern feeding operation have the company’s customers’ backs day in and day out. Hammer mills provide faster processing and easily changing micron size or roller mills offer more consistency. The company offers the most complete lineup of equipment in feed processing.
Manure Spreaders: The X Series spreaders have a unique vertical beater placement combined with guillotine slop gate controls to create the best spread pattern in the industry. Flared sides and densilite flooring provide easy loading and material movement. Backed by the company’s limited lifetime warranty on the apron chain, customers can depend on this rugged machine. The upgraded rate control option powered by Raven is the only unit in the industry to have completely automatic spreading capabilities with apron speed and slop gate control.
Forage: The 2100 series are user-friendly forage boxes in different lengths and unload configurations. It is the only box in its class to offer 100% in-cab controls. The 9016-HD High Dump cart boasts the largest capacity in the industry at 40,000 pounds.
Bale Processors: Spread large round or square bales in the same machine attached to a skid steer, telehandler, or tractor with the patented TOP-SPREAD loader mounted spreader. The compact size fits into barns and alleyways and is easy to maneuver. On a construction site, cover roadsides or fresh seeding quickly from the seat of a skid steer.
Dirt Work Equipment: Level out and shape fields with the single blade or folding land planes featuring the company’s patented floating hitch design. Reduce erosion by eliminating water pockets, furrows, and implement scars in the field. Shape yards or work sites with standard or rear steer graders that follow closely behind the tractor for leveling in smaller spaces.
Sugar Beet Harvesting Equipment: The company is proud to offer the best sugar beet cleaning in the industry during muddy harvest conditions with its patented grab roll bed. The company’s 12-row harvester has been improved with an automatic leveling system add-on for consistent digging across the field. The defoliator cleanly removes the leaves off the beets prior to digging them up for harvest. The leaves are incorporated back into the soil to provide nutrients for next year’s crop.
Product Distribution and Markets
The company distributes goods for its Agricultural Products segment primarily through a network of approximately 500 U.S. and Canadian independent dealers, as well as overseas dealers in Australia, Japan and the United Kingdom, whose customers require specialized agricultural machinery. The company has sales representation in 48 states and seven Canadian provinces. The company’s dealers sell its products to various agricultural and commercial customers. The company also maintains a local sales force in its Armstrong, Iowa facility to provide oversight services for its distribution network, communicate with end users, and recruit and train dealers on the uses of its products. The company’s local service parts staff is available to help customers and dealers with their service parts needs. The company’s Modular Buildings segment typically sells products customized to the end-user’s requirements directly to the end-user.
The company exports products to nine foreign countries. Th company has been shipping grinder mixers abroad since 2006 and has exported portable rollermills as well. The company continues to strengthen these relationships and intends to develop new international markets. The company’s international sales accounted for 3.3% of consolidated sales during the 2024.
Product Developments
The company finished the development of a chicken litter variation for its manure spreaders and a sonar leveling system for its defoliators.
Intellectual Property
The company has a licensing and royalty agreement with Spreader, LLC to produce a loader mounted spreader in exchange for royalty payments until December 2026.
Customers
During 2024, one customer accounted for just more than 17% consolidated net revenues from continuing operations and another approximately 15% of consolidated revenues.
Research and Development
The company’s research and development costs were $216,000 for 2024.
Dispositions
During the third quarter of fiscal 2023, the company ceased operations of its Tools business, which was reported in discontinued operations for the twelve months ended November 30, 2023.
History
Art's-Way Manufacturing Co., Inc. was founded in 1956. The company was incorporated in 1989.
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