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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001144204-09-036286.txt : 20090707
<SEC-HEADER>0001144204-09-036286.hdr.sgml : 20090707
<ACCEPTANCE-DATETIME>20090707142516
ACCESSION NUMBER:		0001144204-09-036286
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20090707
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20090707
DATE AS OF CHANGE:		20090707

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARTS WAY MANUFACTURING CO INC
		CENTRAL INDEX KEY:			0000007623
		STANDARD INDUSTRIAL CLASSIFICATION:	FARM MACHINERY & EQUIPMENT [3523]
		IRS NUMBER:				420920725
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0531

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-05131
		FILM NUMBER:		09933095

	BUSINESS ADDRESS:	
		STREET 1:		P O BOX 288
		CITY:			ARMSTRONG
		STATE:			IA
		ZIP:			50514
		BUSINESS PHONE:		7128643131

	MAIL ADDRESS:	
		STREET 1:		P O BOX 288
		CITY:			ARMSTRONG
		STATE:			IA
		ZIP:			50514
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>v154289_8k.htm
<TEXT>
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appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:</font></div>
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</font></div>
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</font></div>
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</font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item
      2.02</font></div>
            </td>
            <td align="left">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Results
      of Operations and Financial
Condition</font></div>
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          </tr>
      </table>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On July
7, 2009, Art&#8217;s-Way Manufacturing Co., Inc. (the &#8220;Company&#8221;), issued a press
release announcing its second quarter financial results for the three and six
months ended May&#160;31, 2009.</font></div>
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text of the press release is attached hereto as Exhibit 99.1 and is incorporated
by reference in this Current Report on Form 8-K as if fully set forth
herein.</font></div>
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information contained in this Current Report on Form 8-K, including Exhibit 99.1
attached hereto and incorporated herein, shall not be deemed &#8220;filed&#8221; for the
purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or
otherwise subject to the liabilities of that Section, and shall not be
incorporated by reference into any registration statement pursuant to the
Securities Act of 1933, as amended, except as shall be expressly set forth by
specific reference in such filing.</font></div>
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information:&#160;&#160;None</font></div>
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    <div>
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Transactions:&#160;&#160;None</font></div>
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Release dated July 7, 2009</font></div><br>
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to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Dated:&#160;&#160;July
7, 2009</font></div>
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      MANUFACTURING CO., INC.</font></div>
              </td>
            </tr>
            <tr>
              <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
              <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            </tr>
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      </font></td>
              <td align="left" valign="top" width="50%" style="BORDER-BOTTOM: black 2px solid">
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            <tr>
              <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
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      L. Majeski</font></div>
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            </tr>
            <tr>
              <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
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Officer</font></div>
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AND EXCHANGE COMMISSION</font></div>
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D.C.&#160;&#160;20549</font></div>
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MANUFACTURING CO., INC.</font></div>
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INDEX TO FORM 8-K</font></div>
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      7, 2009</font></div>
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      </font></td>
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2009</font></div>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>v154289_ex99-1.htm
<TEXT>
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99.1</font></div>
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      </font></div>
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      7, 2009</font></div>
                </td>
                <td align="right" valign="top" width="48%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">NASDAQ:ARTW</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ART&#8217;S
WAY MANUFACTURING ANNOUNCES FINANCIAL RESULTS FOR<br>SECOND QUARTER AND SIX
MONTHS</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Conference
Call Scheduled For 9:00AM CDT, Wednesday, July 8, 2009</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-STYLE: italic">ARMSTRONG, IOWA, July 7, 2009</font>
&#8211; Art&#8217;s Way Manufacturing Co., Inc., (NASDAQ:ARTW) a leading manufacturer and
distributor of agricultural machinery, equipment and services announced its
financial results for the three and six months ended May 31, 2009.
&#160;</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
conjunction with the release, the Company has scheduled a conference call
Wednesday, July 8, 2009 at 9:00 AM Central Daylight Time.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">What:
Art&#8217;s Way Manufacturing Second Quarter &amp; Six Months Financial Results
Conference Call</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">When:
Wednesday, July 8, 2009 - 9:00 AM Central Daylight Time</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">How:
Live via phone by dialing 1 (800) 624-7038. Code: Art&#8217;s Way Manufacturing.
&#160;Participants to the conference call should call in at least 5 minutes
prior to the start time.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">J. Ward
McConnell, Jr., Executive Chairman of the Board of Directors of Art&#8217;s Way
Manufacturing will be leading the call and discussing second quarter and six
month financial results, the status of the Company and an outlook for the
balance of 2009.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Financial
Highlights For the Three And Six Months Ended May 31, 2009:</font></div>
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            <td>
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Net sales for the three months
      ended May 31, 2009 were $7.1
million.</font></font></div>
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              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Net sales for the six months
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million.</font></font></div>
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      </font></div>
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            <td>
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">As of June 2009, order backlog
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      2008.</font></font></div>
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                      <td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
                      <td align="right" valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
                      <td align="left" nowrap valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
                      <td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
                      <td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
                      <td align="right" valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
                      <td align="left" nowrap valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
                      <td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
                      <td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
                      <td align="right" valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
                      <td align="left" nowrap valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
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                    <tr bgcolor="#ccffcc">
                      <td align="left" valign="bottom" width="64%">
                        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Basic</font></div>
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                      <td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
                      <td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
                      <td align="right" valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">3,986,830</font></td>
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                      <td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
                      <td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
                      <td align="right" valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">3,972,352</font></td>
                      <td align="left" nowrap valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
                      <td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
                      <td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
                      <td align="right" valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
                      <td align="left" nowrap valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
                    </tr>
                    <tr bgcolor="white">
                      <td align="left" valign="bottom" width="64%">
                        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Diluted</font></div>
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                      <td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
                      <td align="right" valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">3,989,086</font></td>
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                      <td align="right" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
                      <td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
                      <td align="right" valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">3,984,908</font></td>
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                      <td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
                      <td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
                      <td align="right" valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
                      <td align="left" nowrap valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
                    </tr>
                </table>
              </div>
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          </div>
        </div>
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    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div>
      <div align="left">
        <div align="center">
          <div align="center">
            <div align="center">
              <table cellpadding="0" cellspacing="0" width="100%">
                  <tr>
                    <td valign="bottom" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
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                    <td align="right" valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
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                    <td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
                    <td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
                    <td align="right" valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
                    <td align="left" nowrap valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
                    <td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
                    <td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
                    <td align="right" valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
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                    <td align="left" valign="bottom" width="64%">
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net sales for the fiscal quarter ended May 31, 2009 were $7,116,000 compared to
$7,687,000 for the same period in fiscal 2008. Consolidated net sales for the
six months ended May 31, 2009 were $13,807,000 compared to $14,435,000 for the
same period in fiscal 2008.</font></div>
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agricultural products segment, had revenue of approximately $6,165,000 and
$10,874,000 for the three- and six-month periods ended May 31, 2009,
respectively, compared to $5,066,000 and $9,193,000 for the same respective
periods in fiscal 2008, which represents an increase of 21.7% and 18.3%,
respectively.&#160;&#160;The quarter and six-month increase in sales for Art&#8217;s
Way Manufacturing was largely due to the sales of forage boxes and rakes from
the Miller Pro product line, which had minimal sales during the first half of
fiscal 2008 due to product integration.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Art&#8217;s Way Vessels</font>, our
pressurized vessels segment, had revenue of approximately $226,000 and $375,000
for the three- and six-month periods ended May 31, 2009, respectively, compared
to $90,000 and $203,000 for the same respective periods in fiscal 2008, which
represents an increase of 151.1% and 84.3%, respectively. This was an expected
increase due to the rebuilding of sales lost after moving to a new
facility.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Art&#8217;s Way Scientific &#8211; Buildings for
Science -</font>, our modular buildings segment, had a decrease of revenue of
71.3% and 49.2% for the three- and six-month periods ended May 31, 2009,
respectively.&#160;&#160;Art&#8217;s Way Scientific had revenue of approximately
$725,000 and $2,558,000 for the three- and six-month periods ended May 31, 2009,
respectively, compared to $2,531,000 and $5,039,000 for the same respective
periods in fiscal 2008. The decrease in revenue for Art&#8217;s Way Scientific was the
result of a decrease in demand for modular buildings, which management believes
was largely due to the impact of current economic conditions on the capital
budgets of potential customers.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Income:&#160;&#160;</font>Operating
income decreased 72% from $1,039,000 to $291,000 for the three months ended May
31, 2009, while net income for the three months ended May 31, 2009 decreased
87.3%, from $889,000 to $113,000.&#160;&#160;Operating income for the six months
ended May 31, 2009 decreased 79% from $1,853,000 to $389,000. These decreases
are primarily due to decreased gross margins.</font></div><br>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Consolidated
gross profit margin for the three- and six-month periods ended May 31, 2009 was
20.6% and 20.2%, respectively, compared to 31.7% and 32.0% for the same
respective periods in the 2008 fiscal year, primarily due to decreases in gross
profit margin at Art&#8217;s Way Manufacturing and Art&#8217;s Way
Scientific.&#160;&#160;The gross profit margin of Art&#8217;s Way Manufacturing
decreased from 34.8% and 36.4% in the three- and six-month periods ended May 31,
2008, respectively, to 25.7% and 23.9% for the same respective periods in
2009.&#160;&#160;After the purchase of the Miller Pro product line, we had many
orders that we were unable to produce in a timely fashion.&#160;&#160;In order
to satisfy our customers, we agreed to sell these goods at the lower prices
quoted in 2007.&#160;&#160;As a result of our production delays caused by the
integration of this product line, we shipped goods in the first and second
quarters of 2009 that were priced at the end of 2007 and manufactured with
materials purchased at the higher prices of 2008.&#160;&#160;We have nearly
completed our commitments on the 2007 pricing, and do not anticipate any
additional production delays.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The gross
profit margin of Art&#8217;s Way Scientific decreased from 29.6% and 29.1% in the
three- and six&#8211;month periods ended May 31, 2008, respectively, to 6.6% and 12.9%
for the same respective periods in 2009. The decrease in gross profit margin at
Art&#8217;s Way Scientific was primarily due to the decrease in revenue explained
above. In addition, gross profit margins at Art&#8217;s Way Scientific were negatively
impacted during the first and second quarter by unanticipated cost overruns on a
project that was substantially completed during the period.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Earnings Per
Share:&#160;&#160;</font>Earnings per diluted and basic share for the three
months ended May 31, 2009 decreased to $0.03 as compared to $0.22, a decrease of
86.4% or $0.19 from the earnings per share for the three months ended May 31,
2008.&#160;&#160;Earnings per share basic and diluted share for the six months
ended May 31, 2009 decreased 91.2% from $0.34 to $0.03.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">J. Ward
McConnell Jr., Executive Chairman of the Board of Directors said, &#8220;We are very
encouraged by the increase in sales of 21.7% for three months and 18.3% for six
months, , with Art&#8217;s Way Manufacturing, our core agricultural product business.
Our Miller Pro line is becoming very well accepted in the market place and, as
promised, we have completed our production delays of the product line and
fulfilled our commitments on 2007 pricing.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">With the
ramping up of Art&#8217;s Way Vessels, we had a significant increase in revenue for
the quarter and six months ended May 31. It was completely expected and
anticipated and we hope to keep this growth progressing.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Even with
production and revenue improvement, this has been another challenging quarter
for the Company &#8211; especially Art&#8217;s Way Scientific. As we indicated last quarter,
we continue to monitor closely our market opportunities and our operating
structure due to the changing and challenging market conditions. Incoming orders
for all divisions, but especially Scientific, slowed in the first quarter and we
have seen a continuation of that trend in the second quarter. While our
quotation levels have increased during the quarter when compared to the fourth
quarter of last fiscal year and first quarter this year, we have not seen a
corresponding increase in our incoming order rate. Incoming orders continue to
be slower than desired due to increased customer deliberation on the release of
new orders pertaining to projects. We will continue our efforts to expand our
served markets and product offerings, and believe the strength of our historical
operating performance, combined with the excellent positioning of our core
products and our new auger product provides an excellent platform from which to
grow once we do see market recovery.&#8221;</font></div>
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          <hr style="COLOR: black" noshade size="2">
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        </div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">About Art&#8217;s Way
Manufacturing, Inc.</font></font></div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Art's Way
manufactures and distributes farm machinery niche products including animal feed
processing equipment, sugar beet defoliators and harvesters, land maintenance
equipment, crop shredding equipment, plows, hay and forage equipment and top and
bottom drive augers. After market service parts are also an important part of
the Company's business. We have two wholly owned subsidiaries. Art's Way
Vessels, Inc. manufactures pressurized tanks and vessels and Art's Way
Scientific, Inc. manufactures modular animal confinement buildings and modular
laboratories.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div>
      <div align="left">
        <div align="left">
          <div align="left">
            <table cellpadding="0" cellspacing="0" width="100%">
                <tr>
                  <td align="left" nowrap valign="top" width="25%">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">For
      More Information, Contact:</font></div>
                  </td>
                  <td align="left" valign="top" width="75%">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;&#160;Jim
      Drewitz, Investor Relations</font></div>
                  </td>
                </tr>
                <tr>
                  <td valign="top" width="25%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
                  <td align="left" valign="top" width="75%">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      830-669-2466
jim@jdcreativeoptions.com</font></div>
                  </td>
                </tr>
            </table>
          </div>
        </div>
      </div>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Or visit
the Company's website at www.artsway-mfg.com/</font><br></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">This news
release includes &#8220;forward-looking statements&#8221; within the meaning of the federal
securities laws.&#160;&#160;In this release, forward-looking statements
generally relate to: (i) the Company&#8217;s ability to meet its production schedule;
(ii) acceptance of the Company&#8217;s Miller Pro product line; (iii) revenue
expectations for Art&#8217;s-Way Vessels; (iv) the Company&#8217;s plans to expand its
served markets and product offerings; (v) intent to monitor market opportunities
and operating structure; and (vi) the Company&#8217;s growth potential in its
industry. Statements of anticipated future results are based on current
expectations and are subject to a number of risks and uncertainties, including
but not limited to, quarterly fluctuations in results, customer demand for the
Company&#8217;s products and acceptance of its product lines, current domestic and
international economic conditions, the Company&#8217;s ability to manage growth,
incorrect assumptions by management with respect to production cycles and market
conditions, unexpected production delays and other risks detailed from time to
time in the Company&#8217;s Securities and Exchange Commission
filings.&#160;&#160;Actual results may differ markedly from management&#8217;s
expectations.&#160;&#160;The Company cautions readers not to place undue
reliance upon any such forward-looking statements.</font></div><br>
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`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
