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ART'S-WAY FOURTH QUARTER AND 12-MONTH RESULTS

 ARMSTRONG, Iowa, July 27 /PRNewswire/ -- Art's-Way Manufacturing Co., Inc., (NASDAQ: ARTW) today released the following results for the fourth quarter and twelve months ended May 29, 1993.
 ART'S-WAY RESULTS
 (in thousands of dollars except per-share amounts)
 Quarter Ended
 5/29/93 5/30/92
 Net Sales $7,118 $4,424
 Income (Loss) Before Income Taxes 982 (308)
 Income Tax Expense (Benefit) 352 (153)
 Net Income (Loss) $630 $(155)
 Income (Loss) Per Share (a) $.60 $(.15)
 Twelve Months Ended
 5/29/93 5/30/92
 Net Sales $20,308 $19,440
 Income Before Income Taxes 561 95
 Income Tax Expense (Benefit) 205 (12)
 Net Income $356 $107
 Income Per Share (a) $.34 $.10
 (a) Income per share based on the weighted average number of shares outstanding (1,061,118 for the quarter and 1,054,359 for the twelve months in 1993; and 1,037,844 for the quarter and 1,030,849 for the twelve months in 1992).
 Art's-Way completed the 1993 fiscal year with improved sales and earnings over fiscal 1992 at a time when most of the industry was continuing in a depressed mode. "The acquisitions, new products, improved products and increased investment in manufacturing improvements that have been undertaken in the last few years are beginning to result in improved sales and earnings," Ron Hottes, president stated. "We expect this payoff to continue during fiscal 1994 and beyond."
 In spite of the adverse circumstances the heavy rains have created for American farmers, Art's-Way expects the first quarter and the fiscal 1994 year to be significantly improved over the same period for 1993.
 Art's-Way manufactures and distributes animal feed processing products, sugar beet harvesting equipment, minimum/no till seed bed preparation equipment and other agricultural related niche products.
 -0- 7/27/93
 /CONTACT: Ronald W. Hottes of Art's-Way Manufacturing 712-864-3131/
 (ARTW)


CO: Art's-Way Manufacturing Co., Inc. ST: Iowa IN: AGR SU: ERN

TJ -- MN015 -- 6313 07/27/93 14:14 EDT
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Date:Jul 27, 1993
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