Today's topic is one of my favorite tiny manufacturers, Art's Way Manufacturing Company. Art's Way, founded in 1956, is based in Iowa and trades on the NASDAQ. Art's Way had 2012 sales of $36.5 million and has a market cap of $28.4 million. Despite its small size, Art's Way is the nation's largest manufacturer of sugar beet harvesting equipment. Sugar beets are the source of 20% of the world's sugar production and are grown around the world, especially in cooler climates where sugar cane cannot survive. Art's Way also makes a variety of other agricultural implements, like grain augers, hay balers and manure spreaders. Art's Way avoids competing in the market for extremely sophisticated and costly tractors and combines, instead focusing on simpler farm implements.
Art's Way Manufacturing - ARTW
Art's Way Manufacturing - ARTW
Art's Way Manufacturing - ARTW
Today's topic is one of my favorite tiny manufacturers, Art's Way Manufacturing Company. Art's Way, founded in 1956, is based in Iowa and trades on the NASDAQ. Art's Way had 2012 sales of $36.5 million and has a market cap of $28.4 million. Despite its small size, Art's Way is the nation's largest manufacturer of sugar beet harvesting equipment. Sugar beets are the source of 20% of the world's sugar production and are grown around the world, especially in cooler climates where sugar cane cannot survive. Art's Way also makes a variety of other agricultural implements, like grain augers, hay balers and manure spreaders. Art's Way avoids competing in the market for extremely sophisticated and costly tractors and combines, instead focusing on simpler farm implements.