P&F Industries (PFIN) Reports Q1 EPS of $0.02

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Go back to P&F Industries (PFIN) Reports Q1 EPS of $0.02

P&F Industries Reports On Gain On Sale Of Nationwide Industries, Inc. And Reports Results For The Three Months Ended March 31, 2016

May 12, 2016 8:03 AM EDT

MELVILLE, N.Y., May 12, 2016 /PRNewswire/ -- P&F Industries, Inc. (NASDAQ: PFIN) today announced its results of continuing operations for the three-month period ended March 31, 2016.  P&F Industries, Inc. is reporting first quarter 2016 revenue from continuing operations of $14,499,000, compared to $14,559,000, for the first quarter of 2015.  The Company is also reporting first quarter 2016 income from continuing operations before taxes of $109,000, compared to $588,000 for the same period a year ago.  Its net income from continuing operations this quarter was $66,000, versus $373,000 for the same three-month period in 2015. 

Effective February 11, 2016, the Company's Countrywide Hardware, Inc. subsidiary sold its... More