trending Market Intelligence /marketintelligence/en/news-insights/trending/oOtdvRr-y2xtyBWLKAgFsg2 content esgSubNav
In This List

P&F Industries Q1 profit falls YOY

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Podcast

Next in Tech | Episode 65: The operations side of AI/ML


P&F Industries Q1 profit falls YOY

P&F Industries Inc. said its first-quarter normalized net income was 2 cents per share, a decrease of 81.6% from 10 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $68,130, a decline of 81.5% from $367,500 in the year-earlier period.

The normalized profit margin fell to 0.4% from 2.5% in the year-earlier period.

Total revenue came to $14.5 million, compared with $14.6 million in the year-earlier period, and total operating expenses climbed from the prior-year period to $14.3 million from $14.0 million.

Reported net income fell 79.8% on an annual basis to $75,560, or 2 cents per share, from $374,600, or 10 cents per share.