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Art's-Way Manufacturing Co. Inc. Message Board

  • dkwilk dkwilk Feb 26, 2013 4:40 PM Flag

    Capital Equiptment purchases

    Today i understod them to say Artsway bought $ 600,000 worth of New Capital equiptment ( manufacturing equiptment )
    This included a Automatic Cutoff Band Saw, A 400 ton Press. and 1 other major item ( does anyone remember what this was?? ) for a total of $ 600,000 worth of shop equiptment.
    This $ 600,000 is 14 % of 2012 operating income.. Also when the fiscal cliff tax deal of 2012 was structured the First $ 500,000 worth of equiptment purchases can be deducted 100% in the year purchased, so this will reduce federal income tax.
    The other thing that really impressed me was the 124% increase in operating income, with only a 32 % increase in Net Sales..( copy paste from earnings..)

    2012 net sales= $ 36.5 Million a 31.9 % increase from 2011

    Operating Profit= $ 4.32 Million a 124 % increase

    Net Income $ 2.66 Million 113 % increase from 2011

    The net income for 2012 was 7.28% of the Net Sales..
    I say Good Job to All the Employees at Arts way.. don

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ARTW
5.87-0.13(-2.17%)Apr 17 2:44 PMEDT

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