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ART'S-WAY SECOND QUARTER AND 6 MONTH RESULTS

 ART'S-WAY SECOND QUARTER AND 6 MONTH RESULTS
 ARMSTRONG, Iowa, Dec. 20 /PRNewswire/ -- Art's-Way Manufacturing


Co., Inc. (NASDAQ: ARTW), today released the following results for the second quarter and six months ended Nov. 23, 1991.
 ART'S-WAY MANUFACTURING CO., INC.
 STATEMENTS OF OPERATIONS
 (In thousands, except per share amounts)
 Quarter Ended
 11/23/91 11/24/90
 Net sales $4,463 $5,249
 Income before income taxes 82 457
 Income tax expense 28 159
 Net income $54 $298
 Income per share (a) $.05 $.30
 Six Months Ended
 11/23/91 11/24/90
 Net sales $11,479 $10,568
 Income before income taxes 946 915
 Income tax expense 331 320
 Net income $615 $595
 Income per share (a) $.60 $.60
 (a) Income per share based on the weighted average number of shares outstanding (1,027,224 for the quarter and 1,023,585 for the twelve months in 1991; and $994,297 for the quarter and $991,451 for the twelve months in 1990)
 Art's-Way manufactures farm and industrial machinery under its own and private labels. Its stock is traded in over-the-counter market under the symbol ARTW.
 -0- 12/20/91
 /CONTACT: William T. Green of Art's-Way, 712-864-3131/
 (ARTW) CO: Art's-Way Manufacturing Co., Inc. ST: Iowa IN: SU: ERN


AL -- MN008 -- 4533 12/20/91 16:51 EST
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Publication:PR Newswire
Date:Dec 20, 1991
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