Company Quick10K Filing
P&F Industries
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 3 $28
10-Q 2019-11-13 Quarter: 2019-09-30
10-Q 2019-08-09 Quarter: 2019-06-30
10-Q 2019-05-10 Quarter: 2019-03-31
10-K 2019-03-29 Annual: 2018-12-31
10-Q 2018-11-09 Quarter: 2018-09-30
10-Q 2018-08-10 Quarter: 2018-06-30
10-Q 2018-05-11 Quarter: 2018-03-31
10-K 2018-03-29 Annual: 2017-12-31
10-Q 2017-11-13 Quarter: 2017-09-30
10-Q 2017-08-11 Quarter: 2017-06-30
10-Q 2017-05-12 Quarter: 2017-03-31
10-K 2017-03-29 Annual: 2016-12-31
10-Q 2016-11-14 Quarter: 2016-09-30
10-Q 2016-08-15 Quarter: 2016-06-30
10-Q 2016-05-13 Quarter: 2016-03-31
10-K 2016-03-30 Annual: 2015-12-31
10-Q 2015-11-13 Quarter: 2015-09-30
10-Q 2015-08-14 Quarter: 2015-06-30
10-Q 2015-05-14 Quarter: 2015-03-31
10-K 2015-03-31 Annual: 2014-12-31
10-Q 2014-11-13 Quarter: 2014-09-30
10-Q 2014-08-13 Quarter: 2014-06-30
10-Q 2014-05-14 Quarter: 2014-03-31
10-K 2014-03-28 Annual: 2013-12-31
10-Q 2013-11-13 Quarter: 2013-09-30
10-Q 2013-08-13 Quarter: 2013-06-30
10-Q 2013-05-15 Quarter: 2013-03-31
10-K 2013-03-29 Annual: 2012-12-31
10-Q 2012-11-14 Quarter: 2012-09-30
10-Q 2012-08-14 Quarter: 2012-06-30
10-Q 2012-05-11 Quarter: 2012-03-31
10-K 2012-03-30 Annual: 2011-12-31
10-Q 2011-11-14 Quarter: 2011-09-30
10-Q 2011-08-15 Quarter: 2011-06-30
10-Q 2011-05-13 Quarter: 2011-03-31
10-K 2011-03-31 Annual: 2010-12-31
10-Q 2010-11-12 Quarter: 2010-09-30
10-Q 2010-08-13 Quarter: 2010-06-30
10-Q 2010-05-17 Quarter: 2010-03-31
10-K 2010-04-27 Annual: 2009-12-31
8-K 2019-11-12 Earnings, Exhibits
8-K 2019-10-25 Enter Agreement, M&A, Off-BS Arrangement, Other Events, Exhibits
8-K 2019-08-08 Earnings, Exhibits
8-K 2019-06-18 M&A, Off-BS Arrangement, Other Events, Exhibits
8-K 2019-05-22 Shareholder Vote
8-K 2019-05-09 Earnings, Exhibits
8-K 2019-04-19 Enter Agreement
8-K 2019-03-27 Earnings, Exhibits
8-K 2019-03-05 Officers, Exhibits
8-K 2019-02-14 Enter Agreement, Off-BS Arrangement, Other Events
8-K 2019-02-08 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2018-11-16 Enter Agreement, Other Events, Exhibits
8-K 2018-11-08 Earnings, Exhibits
8-K 2018-10-24 Officers, Exhibits
8-K 2018-10-01 Enter Agreement, Exhibits
8-K 2018-08-09 Earnings, Exhibits
8-K 2018-06-27 Enter Agreement, Exhibits
8-K 2018-05-23 Shareholder Vote
8-K 2018-05-10 Earnings, Exhibits
8-K 2018-03-27 Earnings, Exhibits
8-K 2018-01-30 Officers, Exhibits

P&F Industries Financials

PFIN Metrics, Comps, Filings

Annual | Quarterly

Business

P&F is a Delaware corporation incorporated on April 19, 1963. The Company conducts its business through a wholly-owned subsidiary, Continental Tool Group, Inc. (“Continental”), which in turn operates through its wholly-owned subsidiaries, Florida Pneumatic Manufacturing Corporation (“Florida Pneumatic”) and Hy-Tech Machine, Inc. (“Hy-Tech”). Exhaust Technologies Inc. (“ETI”) and Universal Air Tool Company Limited (“UAT”) are wholly-owned subsidiaries of Florida Pneumatic. Effective April 5, 2017, the Company purchased substantially all of the operating assets, less certain payables of Jiffy Air Tool, Inc. (“Jiffy”) through a wholly-owned subsidiary of Florida Pneumatic. See Note 2 to our consolidated financial statements for further discussion. The business of Air Tool Service Company (“ATSCO”) operates through a wholly-owned subsidiary of Hy-Tech. On February 12, 2016, the Company sold an indirect wholly-owned subsidiary Nationwide Industries, Inc. (“NWI”) and then sold the real property used by NWI effective November 1, 2016.

Florida Pneumatic imports and sells pneumatic hand tools, most of which are of its own design, primarily to the retail, industrial, automotive and aerospace markets. Its products include sanders, grinders, drills, saws and impact wrenches. These tools are similar in appearance and function to electric hand tools, but are powered by compressed air, rather than by electricity or battery. Air tools, as they are more commonly referred to, generally offer better performance and weigh less than their electrical counterparts. Florida Pneumatic imports approximately seventy-five types of pneumatic hand tools, most of which are sold at prices ranging from $50 to $1,000, under the names “Florida Pneumatic,” “Universal Tool”, “Jiffy Air Tool”, AIRCAT, NITROCAT, as well as under the trade names or trademarks of several private label customers. These products are sold to retailers, distributors, and private label customers through in-house sales personnel and manufacturers' representatives. The AIRCAT and NITROCAT brands of pneumatic tools are sold primarily to the automotive service and repair market (“automotive market”). Users of Florida Pneumatics' hand tools include industrial maintenance and production staffs, do-it-yourself mechanics, professional automobile mechanics and auto body personnel. Jiffy manufactures and distributes pneumatic tools and components primarily to aerospace manufacturers.

Florida Pneumatic also markets, through its Berkley Tool division (“Berkley”), a product line that includes pipe and bolt dies, pipe taps, wrenches, vises and stands, pipe and tubing cutting equipment, hydrostatic test pumps, and replacement electrical components for a widely-used brand of pipe cutting and threading machines. Florida Pneumatic markets Berkley's products through industrial distributors and contractors. Florida Pneumatic also assembles and markets a line of compressor air filters.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Stockholders' Equity

Income Statement ($MM Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($MM Annual)

Operating, Investing, Financing

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Taylor Devices (TAYD) 42,439 26% 9.8 5% 41,141 4,409 32,014 8,424 2,158 3,637 35,709
Ballantyne Strong (BTN) 41,089 22% -6.4 -15% 61,112 33,840 63,259 13,918 -9,354 -6,661 42,375
Polar Power (POLA) 40,573 30% 80.7 -0% 29,561 6,384 30,342 9,240 -115 446 35,977
LS Starrett (SCX) 39,275 33% 4.5 3% 190,087 106,708 228,022 74,560 6,079 10,027 45,299
Libbey (LBY) 38,976 20% 22.5 -8% 758,607 761,278 786,569 155,411 -57,292 19,174 430,491
LGL Group (LGL) 38,934 0% 10.1 7% 33,339 4,215 27,238 0 2,261 2,879 29,114
Carbo Ceramics (CRR) 38,485 -12% -1.0 -16% 464,245 158,214 193,946 -23,151 -74,547 -48,821 49,667
Boxlight (BOXL) 31,136 27% -5.6 -32% 23,990 20,502 38,290 10,280 -7,665 -5,688 32,037
Reto Eco-Solutions (RETO) 30,726 0% 82,005 28,824 0 0 0 0 37,741
P&F Industries (PFIN) 28,331 47% 2.6 11% 58,421 10,927 47,910 22,677 6,148 10,258 26,659
Clearsign Combustion (CLIR) 28,037 -2.0 -67% 14,240 1,536 0 -13 -9,588 -9,354 18,380
Image Sensing Systems (ISNS) 27,821 121% 7.5 17% 13,475 1,773 9,594 11,641 2,323 3,128 23,592
Servotronics (SVT) 25,893 24% 5.0 7% 43,948 12,032 51,422 12,453 3,272 5,472 27,417
Chicago Rivet & Machine (CVR) 25,061 19% 17.4 3% 32,758 3,196 34,867 6,484 1,107 1,389 24,153
Sypris Solutions (SYPR) 23,889 9% 178.2 -5% 65,779 50,674 89,064 8,187 -3,326 109 19,427
CVD Equipment (CVV) 23,336 2% -4.2 -16% 49,316 16,116 17,132 406 -7,999 -6,541 27,338
Neonode (NEON) 19,889 89% -6.7 -29% 11,346 3,719 7,918 7,051 -3,240 -2,270 15,251
Dynasil of America (DYSL) 17,216 36% 8.1 2% 32,090 9,877 43,346 15,733 536 2,286 18,494
Ikonics (IKNX) 13,662 32% 60.8 -3% 16,700 4,177 17,633 5,667 -446 267 16,252
Bonso Electronics (BNSO) 13,592 0% 22,486 7,337 0 0 0 0 8,550

Balance Sheet ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash4436954131,0119273,6991,241999
Accounts Receivable6,3276,6758,7399,5479,7227,90610,0479,574
Inventory18,58824,07322,97424,33523,99419,90119,65720,496
PP&E10,76611,10227,78210,59210,2407,0898,9079,775
Assets46,58655,15753,24173,07670,57854,05155,03855,586
Accounts Payable2,2294,8433,0063,1603,5562,3982,4432,755
Long-Term Debt4,8617,3636,9039,6606,49110194453
Liabilities17,43120,06914,51133,08526,9366,4619,02510,051
Stockholders' Equity29,15535,08838,73039,99143,64247,59046,01345,535
Income Statement ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue54,54159,87110027757,27658,97464,995
Cost of Revenue34,29637,72948,73447,65451,77438,34537,89041,808
Gross Profit20,24522,14227,33227,38129,92818,93121,08423,187
R&D
SG&A17,49118,28122,32523,06423,96919,61021,03421,705
Tax89-2,115791431,626112635253
Net Income2,5555,4113,2252,0803,5446,901-884856
Cash Flow ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating5,3633,3283,2428,7166,573-6594,6342,966
Cash Investing-596-2,161-693-20,885-1,3742,446-7,943-1,852
Cash Financing-5,827-857-2,83112,827-5,269100812-1,315