Improved sales in agriculture products led to an increase in net sales for Art’s Way Manufacturing for the first quarter and slowed the rate of loss the company experienced in the same quarter last year.
Sales for the quarter that ended Feb. 28 increased by 7.5 percent compared to the first quarter of 2020. Net loss for the quarter improved from $437,000 in 2020 to $315,000 in 2021.
Art’s Way also reported strong backlogs into the second quarter.
“While our outlook for the year is positive, we continue to navigate challenges related to increased prices for steel, building materials and purchased components along with availability issues,” said President and CEO David King. “As such, we have raised prices where necessary and are diligently working with suppliers to ensure delays do not negatively affect our ability to deliver products.”
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