P&F Industries (PFIN) Reports Q4 Revenue of $12.5M

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Go back to P&F Industries (PFIN) Reports Q4 Revenue of $12.5M

P&F Industries, Inc. Reports Results for the Year Ended December 31, 2016

March 27, 2017 8:00 AM EDT

MELVILLE, N.Y., March 27, 2017 /PRNewswire/ -- P&F Industries, Inc. (NASDAQ: PFIN) today announced its results from continuing operations for the year ended December 31, 2016. Full-year 2016 revenue from continuing operations was $57,276,000, compared to full-year 2015 revenue of $60,312,000.  The Company's 2016's net income was $6,901,000 compared to $3,544,000 for 2015. However, the Company is reporting a 2016 loss from continuing operations before taxes of $8,638,000, compared to income from continuing operations before taxes in 2015 of $2,681,000.  Significant factors affecting the Company's 2016 loss before income taxes from continuing operations were: (i) non-cash impairment charges to goodwill and other intangible assets of... More