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P and f Industries inc   (PFIN)
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Price: $12.9950 $0.00 0.000%
Day's High: $13 Week Perf: 0.12 %
Day's Low: $ 13.00 30 Day Perf: 0.78 %
Volume (M): 4 52 Wk High: $ 13.00
Volume (M$): $ 52 52 Wk Avg: $8.09
Open: $13.00 52 Wk Low: $5.04



 Market Capitalization (Millions $) 42
 Shares Outstanding (Millions) 3
 Employees 164
 Revenues (TTM) (Millions $) 59
 Net Income (TTM) (Millions $) 0
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 3

P And F Industries Inc

P&F Industries, Inc. (“P&F”) is a Delaware corporation incorporated on April 19, 1963. P&F and each of its subsidiaries are herein referred to collectively as the “Company.” In addition, the words “we”, “our” and “us” refer to the Company. The Company operates in two primary lines of business, or segments: (i) tools and other products (“Tools”) and (ii) hardware and accessories (“Hardware”).


The Company conducts its Tools business through a wholly-owned subsidiary, Continental Tool Group, Inc. (“Continental”), which in turn currently operates through its wholly-owned subsidiaries, Florida Pneumatic Manufacturing Corporation (“Florida Pneumatic”) and Hy-Tech Machine, Inc. (“Hy-Tech”). During the third quarter of 2014, the Company acquired Exhaust Technologies Inc. (“ETI”), a developer and distributor of pneumatic tools, through a merger between a newly formed, wholly-owned subsidiary of Florida Pneumatic and ETI.

We conduct our Hardware business through a wholly-owned subsidiary, Countrywide Hardware, Inc. (“Countrywide”). Countrywide conducts its business operations through its wholly-owned subsidiary, Nationwide Industries, Inc. (“Nationwide”).

Florida Pneumatic

Florida Pneumatic imports and sells pneumatic hand tools, most of which are of its own design, primarily to the retail, industrial and automotive markets. This line of products includes sanders, grinders, drills, saws and impact wrenches. These tools are similar in appearance and function to electric hand tools, but are powered by compressed air, rather than directly by electricity. Air tools, as they are more commonly referred to, generally are less expensive to operate, offer better performance and weigh less than their electrical counterparts. Florida Pneumatic imports approximately seventy-five types of pneumatic hand tools, most of which are sold at prices ranging from $50 to $1,000, under the names “Florida Pneumatic”, “Universal Tool,” AIRCAT or NITROCAT, as well as under the trade names or trademarks of several private label customers. These products are sold to retailers, distributors, and private label customers through in-house sales personnel and manufacturers’ representatives. The AIRCAT and NITROCAT brand of pneumatic tools are sold primarily to the automotive market. Users of Florida Pneumatic’s hand tools include industrial maintenance and production staffs, do-it-yourself mechanics, automobile mechanics and auto body personnel.

Hy-Tech

Hy-Tech manufacturers and distributes its own line of industrial pneumatic tools and parts under the “ATP” brand. Under the ATP brand, Hy-Tech produces and sells over sixty types of pneumatic tools, which include impact wrenches, grinders, drills, and motors that are sold at prices ranging from $450 to $28,000. Users of ATP parts and tools include refineries, chemical plants, power generation facilities, heavy construction enterprises, and oil and mining companies. Further, it also manufacturers tools to customer unique specifications. In addition, Hy-Tech manufactures an extensive line of pneumatic tool replacement parts that are sold to original equipment manufacturers (“OEMs”), as well as competitively. It also manufactures and distributes high pressure stoppers for hydrostatic testing of fabricated pipe under the “Thaxton” brand name. It also produces a line of siphons under the “Eureka” name. Other than a line of sockets sold under the “OZAT” brand name that are imported from Israel, all Hy-Tech products are made in the United States of America. In August 2014, a newly formed wholly-owned subsidiary of Hy-Tech, acquired substantially all of the assets comprising the business of ATSCO, an Ohio-based corporation engaged in the design, manufacture and distribution of pneumatic tools and parts. Following a transition period that lasted into middle of 2015, all ATSCO products are now manufactured in Hy-Tech’s primary facility located in Cranberry, PA.

Hardware

We conduct our Hardware business through a wholly-owned subsidiary, Countrywide Hardware, Inc. (“Countrywide”). Countrywide conducts its business operations through its wholly-owned subsidiary, Nationwide Industries, Inc. (“Nationwide”).

Nationwide

Nationwide is a developer, importer, and manufacturer of fencing hardware, patio products, and door and window accessories including rollers, hinges, window operators, sash locks, custom zinc castings and door closers. Nationwide’s products are sold through in-house sales personnel and independent manufacturers’ representatives to distributors, dealers, retailers and OEM customers. End users of Nationwide’s products include contractors, home builders, pool and patio enclosure contractors, plumbers, OEM/private label customers and general consumers. Nationwide currently out-sources the manufacturing of approximately 98% of its product with several overseas factories located in China and Taiwan, while retaining design, quality control, and patent and trademark control. There are redundant supply sources for most products. Nationwide manufactures approximately 2% of its products sold including rollers, hinges and pool enclosure products at its facility in Tampa, Florida. Nationwide also provides value-add services for the entire product line with local packaging, kitting, rework and fabrication operations performed in its Tampa location.

Nationwide’s sales are moderately seasonal, with revenues typically increasing with home construction and remodeling activity, which generally occurs during the spring and summer months. The majority of Nationwide’s products are sold off the shelf. The primary competitive factors affecting Nationwide are quality, breadth of products and availability of products, customer service and technical support.



   Company Address: 445 Broadhollow Road, Suite 100 Melville 11747 NY
   Company Phone Number: 694-9800   Stock Exchange / Ticker: NASDAQ PFIN
   PFIN is expected to report next financial results on March 28, 2024.


   

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P And F Industries Inc

P And F Industries Inc Defies Revenue Decline, Surprises Experts with Second Quarter Performance

The most recent fiscal period for P And F Industries Inc has proven to be rewarding, despite facing diminishing revenue. Earnings per share turned positive at $0.07, a significant improvement from the previous period's $-0.01 shortfall. Though there was a decline of -9.248% in revenue, reaching $16.16 million compared to $17.81 million in the same quarter of the previous year, this is a common trend across the Industrial Machinery and Components industry.
In contrast to the industry's scenario, P And F Industries Inc has shown a remarkable 3.69% increase in top-line performance when compared to the same period a year ago. This achievement in the second quarter of 2023 has caught the attention of investors and experts alike.

P And F Industries Inc

P And F Industries Inc Reports Impressive Financial Results, Signals Strong Turnaround in Profitability and Growth



P And F Industries Inc, a leading Industrial Machinery and Components company, has recently reported impressive financial results, indicating a significant turnaround in profitability and overall growth. This article will analyze the financial data and discuss the potential impact it may have on the company's future performance.
1. Steady Share Price Increase:
Over the past 5 trading days, P And F Industries Inc shares have experienced a 0.89% increase, bringing the year-to-date performance to an impressive 33.4%. Moreover, the shares are currently trading on the NASDAQ by 17.3% above its 52-week average. This positive momentum in share prices reflects increasing investor confidence in the company.






 

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