trending Market Intelligence /marketintelligence/en/news-insights/trending/ZF7yz4N7NYVmHmgOcXPVxQ2 content esgSubNav
In This List

Tandy Leather Factory Q1 profit falls YOY

Blog

Insight Weekly: PE firms shift strategies; bank earnings kick off; bankruptcies plummet

Blog

Bed, Bath, and Bankruptcy: Using Quantitative Credit Models to Predict Corporate Defaults

Blog

Insight Weekly: Stocks limp into 2023; GCC banks set for rebound; deep-sea mining faces pushback

Infographic

Infographic: The Big Picture 2023 Sustainability Outlook


Tandy Leather Factory Q1 profit falls YOY

Tandy Leather Factory Inc. said its normalized net income for the first quarter came to 15 cents per share, an increase from 14 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $1.5 million, a decline from $1.5 million in the year-earlier period.

The normalized profit margin dropped to 7.1% from 7.1% in the year-earlier period.

Total revenue came to $20.7 million, compared with $20.8 million in the year-earlier period, and total operating expenses came to $18.3 million, compared with $18.4 million in the prior-year period.

Reported net income rose 8.5% year over year to $1.6 million, or 16 cents per share, from $1.4 million, or 14 cents per share.