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 Quarterly)

Revenue, Gross Profit, Net Income

Cash Flow ($MM Quarterly)

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) 42,441 29% 7.0 6% 43,906 6,253 30,237 8,917 2,700 4,334 30,320
Ballantyne Strong (BTN) 42,976 26% -7.7 -15% 60,780 34,822 45,421 11,692 -9,356 -5,524 42,509
Polar Power (POLA) 31,748 32% 24.5 2% 28,929 5,624 23,923 7,586 686 1,179 28,941
LS Starrett (SCX) 39,164 33% 5.2 3% 188,918 108,316 228,235 75,731 6,273 10,040 51,721
Libbey (LBY) 67,003 20% 118.2 -7% 740,892 751,440 575,840 115,069 -51,766 3,867 457,249
LGL Group (LGL) 49,561 0% 12.3 16% 38,666 4,885 23,058 0 6,051 3,134 38,400
Carbo Ceramics (CRR) 65,788 -13% -1.2 -20% 438,647 161,396 183,632 -23,734 -87,240 -64,714 77,800
Boxlight (BOXL) 19,666 30% -4.9 -25% 24,932 21,164 27,711 8,272 -6,144 -4,178 20,276
Reto Eco-Solutions (RETO) 30,726 0% 82,005 28,824 0 0 0 0 37,741
P&F Industries (PFIN) 21,642 37% 2.3 10% 58,728 11,344 43,896 16,138 5,798 9,198 20,833
Clearsign Combustion (CLIR) 33,114 -2.7 -74% 12,653 1,936 0 -4 -9,404 -9,219 25,037
Image Sensing Systems (ISNS) 24,240 78% 7.9 37% 19,234 1,419 11,286 8,797 7,085 2,477 19,517
Servotronics (SVT) 25,014 23% 8.4 4% 45,701 12,575 38,432 8,877 1,944 3,343 28,046
Chicago Rivet & Machine (CVR) 25,061 19% 22.2 3% 33,076 3,412 25,686 4,860 832 1,073 23,852
Sypris Solutions (SYPR) 23,865 12% 29.4 -4% 64,231 50,819 66,267 7,906 -2,359 571 16,812
CVD Equipment (CVV) 22,713 11% -9.9 -7% 49,534 16,373 14,092 1,505 -3,708 -2,780 27,522
Neonode (NEON) 20,681 95% -7.9 -31% 9,510 3,227 5,032 4,796 -2,923 -2,231 17,656
Dynasil of America (DYSL) 16,712 37% 14.5 -1% 30,827 12,039 43,701 16,074 -392 1,482 21,495
Ikonics (IKNX) 13,653 30% -63.2 -4% 17,162 4,828 12,655 3,850 -733 -249 15,749
Bonso Electronics (BNSO) 13,592 0% 22,486 7,337 0 0 0 0 8,550

Balance Sheet ($'000)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash6295004435789431269558290547541358310,9095041,0116598651,6829278849079413,6991,4131,2691,2051,2411,7041,4881,7299998981,672809
Accounts Receivable7,1598,8196,3277,8087,87711,0396,67513,35011,92812,0558,7399,8899,99514,6459,54711,89112,50411,0619,7229,18110,40610,5817,9068,6289,78110,99410,04710,66710,18811,7019,5748,9969,5839,596
Inventory17,45817,74118,58817,89617,99118,75224,07323,47323,29223,14622,97422,68920,95724,30724,33526,31624,91024,25223,99419,97920,20720,32219,90120,24320,12420,09019,65718,73920,97020,24020,49620,60721,74623,223
PP&E25,78325,84425,85726,47725,97026,86427,09627,23927,39927,52427,78227,96428,22829,96629,69329,84830,04630,56230,82527,95428,40125,59225,76025,99228,35827,57727,99828,51329,12529,64430,15530,60227,21327,528
Assets47,34548,87946,58647,87147,24054,10855,15760,77758,65857,52553,24153,81261,80879,32473,07676,90775,56773,85170,57863,59956,93057,07754,05152,75458,13356,93855,03855,43657,04658,34355,58655,66558,42158,728
Accounts Payable2,5203,1682,2292,4552,2303,6274,8433,2353,7514,9343,0062,4952,3564,7033,1604,5803,7504,2183,5562,9742,7934,0642,3982,4582,7873,2472,4432,7354,3043,0182,7552,7092,9023,348
Long-Term Debt6,5915,7114,8615,0644,7004,9947,3637,2487,1337,0186,9036,7887,1339,9359,6609,2806,7446,6166,4911271131041019795929495490471453433
Liabilities19,58119,83017,43117,95916,49219,44120,06925,02121,85919,81514,51114,52221,17637,86333,08536,17933,29830,59626,9369,9228,7909,2656,4615,36610,7469,7179,0259,35210,63611,70510,05113,43010,92711,344
Stockholders' Equity27,76429,04929,15529,91230,74834,66735,08835,75636,79937,71038,73039,29040,63241,46139,99140,72842,26943,25543,64253,67748,14047,81247,59047,38847,38747,22146,01346,08446,41046,63845,53542,23547,49447,384
Income Statement ($'000)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue14,16415,05011,87414,31715,24117,62212,69120,70919,47620,48315,39815,93218,26822,93217,90319,82622,56021,67817,63814,49915,63714,633113,21615,35915,78214,61715,74216,18817,66214,32214,79814,776
Cost of Revenue8,6849,6817,6018,7069,56411,5857,87412,97512,37413,4289,9579,89711,66514,90411,18812,30714,14113,81311,5139,28310,33210,1288,6028,2439,93710,1989,51310,30810,31111,0649,0419,2909,427
Gross Profit5,4805,3694,2735,6115,6776,0374,8177,7347,1027,0555,4416,0356,6038,0286,7157,5198,4197,8656,1255,2165,3054,5053,9054,9735,4225,5845,1045,4345,8776,5985,2815,5085,349
R&D
SG&A4,4544,5814,0334,7314,7054,6574,1886,6325,5805,6804,4335,2275,5566,4385,8436,0966,4525,9625,4595,0565,1544,9154,5225,0475,4985,3525,2695,2805,3615,7375,2695,4535,208
Tax05783080513372529471725738761643745065560511643-2,808-107-830335166672312822602,116-8
Net Income8171,228487067963,5673426218758109194625728162307811,3121,05040112,323-5,384-9961-60165-84665305541-265,688136
Cash Flow ($'000)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating71983871,7051701,446-7,7454,6064,1332,248-1,4233,8267055,608-3,0152,9625,1671,459-2,876-1331,5911,100-1,8742,4422,7081,358-154983-235-490-500-923
Cash Investing-127-27-820-200-908-233-143-160-125-265-182-264-19,896-543-172-188-753-26119,921-528-1083,310-231-6,971-279-462-560-639-533-4748,314-1,313
Cash Financing-1,384-863960-1,969948-7967,775-4,123-4,438-2,0451,7756,7648,768-4,4802,849-2,601-3,572-1,9452,479716-1,447-1,648-1854,364-2,502-8651,156-5191,016858-7,0351,392