P&F Industries (PFIN) Reports Q3 EPS of $0.14 on Revenues of $17.66M

P&F Industries (NASDAQ: PFIN) reported Q3 EPS of $0.14. Revenue for the quarter came in at $17.66 million.

Richard Horowitz, the Company's Chairman of the Board, Chief Executive Officer and President commented, "I am pleased to report that we continue to show significant improvement when compared to the same periods in 2017. Specifically, income before taxes, which, for the three-month period ended September 30, 2018, improved nearly three and one half times third quarter 2017's results. Likewise, on a year to date basis, net income before income taxes improved more than eleven times 2017's nine-month levels. Increased revenue, improved gross margin and controlled operating expenses were the key drivers to these improvements. When comparing our third quarter and nine-month results for the period ended September 30, 2018, the following factors were the major drivers: continued improvement in our highly profitable Aerospace sector, stronger Retail sector results, and continued improved results at Hy-Tech primarily from its OEM-Engineered Solutions initiative."

For earnings history and earnings-related data on P&F Industries (PFIN) click here.

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