Palm Beach, FL 1/6/12 (StreetBeat) -- Art's Way Manufacturing Co., Inc. (NASDAQ: ARTW), a leading manufacturer and distributor of agricultural machinery, equipment and services today announces it is ramping up production to fill order backlog of $21.8 million for fiscal year 2012, a 47% increase in backlog over the previous years backlog of $14.8 million.The growth in backlog is primarily due to the increase orders at Art's Way Scientific, Inc. www.buildingsforscience.com. The recently announced $7 million order will significantly improve the backlog deep into 2012 along with the increased activity in ag buildings.
J. Ward McConnell, Jr., Executive Chairman of the Board, said, "We are very excited and bullish about our current backlog and growth prospects in 2012. Art's Way continues to drive on a fundamental strategy to serve our growing customer base with market leading products and service while delivering solid financial performance. Additionally, Art's Way Scientific is going to have a record year, the North American agricultural sector is robust, farmers have money and are spending it, our business fundamentals remain exceptionally strong and we believe the Company is well positioned to aggressively move into 2012 and beyond. With little or no operating debt, this will allow the Company to improve cash flow, continue organic growth and pursue select opportunities in the marketplace."
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