Tandy Leather Factory (TLF) Reports Q1 EPS of $0.16

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Go back to Tandy Leather Factory (TLF) Reports Q1 EPS of $0.16

Tandy Leather Factory Reports 1st Quarter 2016 Earnings Up 5%

May 11, 2016 7:50 AM EDT

FORT WORTH, Texas, May 11, 2016 (GLOBE NEWSWIRE) -- Tandy Leather Factory, Inc. (NASDAQ: TLF) today reported financial results for the first quarter of 2016.  Net income for the quarter ended March 31, 2016 was $1.5 million, up 5% from net income in the first quarter of 2015 of $1.4 million.  Fully-diluted earnings per share for the quarter were $0.16 in the current quarter, compared to $0.14 in last years first quarter, up 14%.  Total sales for the first quarter were $20.7 million, a decrease of 0.6% compared to 2015s first quarter sales of $20.8 million.

Sales from the Retail Leathercraft division, consisting of the Tandy Leather... More