P&F Industries, Inc., through its subsidiaries, designs, imports, and sells pneumatic hand tools primarily to the retail, industrial, automotive, and aerospace markets primarily in the United States. The company offers sanders, grinders, drills, saws, and impact wrenches under the Florida Pneumatic, Universal Tool, Jiffy Air Tool, AIRCAT, and NITROCAT names, as well as under private label trade names through in-house sales personnel and manufacturers' representatives to retailers, distributors, manufacturers, and private label customers. It also designs, manufactures, and distributes industrial tools, pneumatic systems, gearing products, accessories, and various replacement parts under the ATP, Numatx, Thaxton, and Power Transmission Group brands directly to original equipment manufacturers, as well as through a network of specialized industrial distributors serving power generation, petrochemical, aerospace, construction, railroad, mining, ship building, fabricated metals, and other industries. P&F Industries, Inc. was founded in 1959 and is based in Melville, New York.
IPO Year:
Exchange: NASDAQ
Website: pfina.com
4 - P&F INDUSTRIES INC (0000075340) (Issuer)
4 - P&F INDUSTRIES INC (0000075340) (Issuer)
4 - P&F INDUSTRIES INC (0000075340) (Issuer)
4 - P&F INDUSTRIES INC (0000075340) (Issuer)
4 - P&F INDUSTRIES INC (0000075340) (Issuer)
4 - P&F INDUSTRIES INC (0000075340) (Issuer)
4 - P&F INDUSTRIES INC (0000075340) (Issuer)
4 - P&F INDUSTRIES INC (0000075340) (Issuer)
4 - P&F INDUSTRIES INC (0000075340) (Issuer)
4 - P&F INDUSTRIES INC (0000075340) (Issuer)
MELVILLE, N.Y., Dec. 20, 2023 /PRNewswire/ -- P&F Industries, Inc. ("P&F" or the "Company") (NASDAQ:PFIN) today announced the completion of its sale to ShoreView Industries ("ShoreView"). Under the terms of the transaction, P&F shareholders will receive $13.00 per share in cash. With the completion of the transaction, P&F's common stock has ceased trading and will no longer be listed on the NASDAQ Global Select Market. Richard Horowitz, Chairman of the Board, Chief Executive Officer and President, said, "The closing of this transaction represents the beginning of a new chapter for P&F, and we are excited for what the future holds. We are proud of the leadership position we have built and be
MELVILLE, N.Y., Dec. 19, 2023 /PRNewswire/ -- P&F Industries, Inc. ("P&F" or the "Company") (NASDAQ:PFIN) today announced that its shareholders approved a proposal to adopt the merger agreement entered into between the Company and Shoreview Industries at a Special Meeting of Shareholders held on December 19, 2023. As previously announced, under the terms of the transaction, P&F shareholders will receive $13.00 per share in cash. "We thank our shareholders for their strong support of this transaction," said Richard Horowitz, Chairman of the Board, Chief Executive Officer and President. "We look forward to completing the transaction with Shoreview to deliver immediate and premium value to our
MELVILLE, N.Y., Oct. 13, 2023 /PRNewswire/ -- P&F Industries, Inc. ("P&F" or the "Company") (NASDAQ:PFIN) today announced that it has entered into a definitive agreement to be acquired by ShoreView Industries ("ShoreView") in an all-cash transaction for $13.00 per share. The purchase price represents an approximately 97% premium to the closing stock price of the Company's stock on October 12, 2023, the last trading day prior to announcing the transaction. "We are pleased to reach this agreement with ShoreView, which provides significant premium cash value to our shareholders," said Richard Horowitz, Chairman of the Board, Chief Executive Officer and President. "Following comprehensive outre
MELVILLE, N.Y., Aug. 10, 2023 /PRNewswire/ -- P&F Industries, Inc. (NASDAQ:PFIN) today announced its results from operations for the three and six-month periods ended June 30, 2023. The Company is reporting net revenue of $16,163,000 and $31,906,000, respectively, for the three and six-month periods ended June 30, 2023, compared to $17,810,000 and $31,831,000, respectively, for same periods in 2022. For the three-month period ended June 30, 2023, the Company is reporting net income before income taxes of $356,000, compared to net income before income taxes of $55,000, for the three-month period ended June 30, 2022. For the six-month period ended June 30, 2023, the Company is reporting net
MELVILLE, N.Y., Aug. 9, 2023 /PRNewswire/ -- P&F Industries, Inc. (NASDAQ:PFIN) announced today that its Board of Directors declared a quarterly cash dividend of $0.05 per share of its Class A Common Stock, payable on August 25, 2023 to all stockholders of record as of the close of business on August 21, 2023. ABOUT P&F INDUSTRIES, INC. P&F Industries, Inc., through its wholly owned subsidiaries, is a leading manufacturer and importer of air-powered tools and accessories sold principally to the aerospace, industrial, automotive, and retail markets. P&F's products are sold under its own trademarks, as well as under the private labels of major manufacturers and retailers. View original conten
MELVILLE, N.Y., July 21, 2023 /PRNewswire/ -- P&F Industries, Inc. (NASDAQ GM: PFIN), plans to release its results for the three-month period ended June 30, 2023, before the market opens on Thursday, August 10, 2023. The Company has scheduled a conference call beginning at 11:00 a.m. Eastern time the same day. Additionally, in order to further streamline the conference call process, the Company has revised its procedures relating to the question-and-answer portion of the conference call, whereby it will limit the length of the questions from any particular shareholder or other caller, together with the responses from management to 20 minutes per shareholder/caller. The dial-in number for t
MELVILLE, N.Y., May 11, 2023 /PRNewswire/ -- P&F Industries, Inc. (NASDAQ:PFIN) today announced its results from operations for the three-month period ended March 31, 2023. The Company is reporting net revenue for the three-month period ended March 31, 2023, of $15,742,000, compared to $14,021,000 for the same three-month period in 2022. Additionally, the Company is reporting a net income before income taxes of $494,000 for the three-month period ended March 31, 2023, compared to a net loss before income taxes of $714,000, for the three-month period ended March 31, 2022. The Company is reporting a net income after-taxes of $337,000 for the three-month period ended March 31, 2023, compared t
MELVILLE, N.Y., May 10, 2023 /PRNewswire/ -- P&F Industries, Inc. (NASDAQ:PFIN) announced today that its Board of Directors has declared a quarterly cash dividend of $0.05 per share of its Class A Common Stock, payable on June 1, 2023 to all stockholders of record as of the close of business on May 23, 2023. About P&F Industries, Inc. P&F Industries, Inc., through its wholly owned subsidiaries, is a manufacturer and importer of air-powered tools and accessories sold principally to the aerospace, industrial, automotive, and retail markets. P&F's products are sold under its own trademarks, as well as under the private labels of major manufacturers and retailers. View original content:https://
MELVILLE, N.Y., April 20, 2023 /PRNewswire/ -- P&F Industries, Inc. (NASDAQ GM: PFIN), plans to release its results for the three-month period ended March 31, 2023, before the market opens on Thursday, May 11, 2023. The Company has scheduled a conference call beginning at 11:00 a.m. Eastern time the same day. Additionally, in order to further streamline the conference call process, the Company has revised its procedures relating to the question-and-answer portion of the conference call, whereby it will limit the length of the questions from any particular shareholder or other caller, together with the responses from management to 20 minutes per shareholder/caller. The dial-in number for the
MELVILLE, N.Y., March 28, 2023 /PRNewswire/ -- P&F Industries, Inc. (NASDAQ:PFIN) today announced its results from operations for the year ended December 31, 2022. The Company is reporting net revenue of $59,041,000 for the year ended December 31, 2022, compared to $53,554,000, for the same period in 2021. For the year ended December 31, 2022, the Company is reporting a net loss before income taxes of $1,852,000, compared to net income before income taxes of $2,288,000 for the year ended December 31, 2021. The Company noted that during 2021 it recorded as Other Income a gain from the forgiveness of its Paycheck Protection Program loan of $2,929,000 by the Small Business Administration in a
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MELVILLE, N.Y., Aug. 10, 2023 /PRNewswire/ -- P&F Industries, Inc. (NASDAQ:PFIN) today announced its results from operations for the three and six-month periods ended June 30, 2023. The Company is reporting net revenue of $16,163,000 and $31,906,000, respectively, for the three and six-month periods ended June 30, 2023, compared to $17,810,000 and $31,831,000, respectively, for same periods in 2022. For the three-month period ended June 30, 2023, the Company is reporting net income before income taxes of $356,000, compared to net income before income taxes of $55,000, for the three-month period ended June 30, 2022. For the six-month period ended June 30, 2023, the Company is reporting net
MELVILLE, N.Y., Aug. 9, 2023 /PRNewswire/ -- P&F Industries, Inc. (NASDAQ:PFIN) announced today that its Board of Directors declared a quarterly cash dividend of $0.05 per share of its Class A Common Stock, payable on August 25, 2023 to all stockholders of record as of the close of business on August 21, 2023. ABOUT P&F INDUSTRIES, INC. P&F Industries, Inc., through its wholly owned subsidiaries, is a leading manufacturer and importer of air-powered tools and accessories sold principally to the aerospace, industrial, automotive, and retail markets. P&F's products are sold under its own trademarks, as well as under the private labels of major manufacturers and retailers. View original conten
MELVILLE, N.Y., July 21, 2023 /PRNewswire/ -- P&F Industries, Inc. (NASDAQ GM: PFIN), plans to release its results for the three-month period ended June 30, 2023, before the market opens on Thursday, August 10, 2023. The Company has scheduled a conference call beginning at 11:00 a.m. Eastern time the same day. Additionally, in order to further streamline the conference call process, the Company has revised its procedures relating to the question-and-answer portion of the conference call, whereby it will limit the length of the questions from any particular shareholder or other caller, together with the responses from management to 20 minutes per shareholder/caller. The dial-in number for t
MELVILLE, N.Y., May 11, 2023 /PRNewswire/ -- P&F Industries, Inc. (NASDAQ:PFIN) today announced its results from operations for the three-month period ended March 31, 2023. The Company is reporting net revenue for the three-month period ended March 31, 2023, of $15,742,000, compared to $14,021,000 for the same three-month period in 2022. Additionally, the Company is reporting a net income before income taxes of $494,000 for the three-month period ended March 31, 2023, compared to a net loss before income taxes of $714,000, for the three-month period ended March 31, 2022. The Company is reporting a net income after-taxes of $337,000 for the three-month period ended March 31, 2023, compared t
MELVILLE, N.Y., May 10, 2023 /PRNewswire/ -- P&F Industries, Inc. (NASDAQ:PFIN) announced today that its Board of Directors has declared a quarterly cash dividend of $0.05 per share of its Class A Common Stock, payable on June 1, 2023 to all stockholders of record as of the close of business on May 23, 2023. About P&F Industries, Inc. P&F Industries, Inc., through its wholly owned subsidiaries, is a manufacturer and importer of air-powered tools and accessories sold principally to the aerospace, industrial, automotive, and retail markets. P&F's products are sold under its own trademarks, as well as under the private labels of major manufacturers and retailers. View original content:https://
MELVILLE, N.Y., April 20, 2023 /PRNewswire/ -- P&F Industries, Inc. (NASDAQ GM: PFIN), plans to release its results for the three-month period ended March 31, 2023, before the market opens on Thursday, May 11, 2023. The Company has scheduled a conference call beginning at 11:00 a.m. Eastern time the same day. Additionally, in order to further streamline the conference call process, the Company has revised its procedures relating to the question-and-answer portion of the conference call, whereby it will limit the length of the questions from any particular shareholder or other caller, together with the responses from management to 20 minutes per shareholder/caller. The dial-in number for the
MELVILLE, N.Y., March 28, 2023 /PRNewswire/ -- P&F Industries, Inc. (NASDAQ:PFIN) today announced its results from operations for the year ended December 31, 2022. The Company is reporting net revenue of $59,041,000 for the year ended December 31, 2022, compared to $53,554,000, for the same period in 2021. For the year ended December 31, 2022, the Company is reporting a net loss before income taxes of $1,852,000, compared to net income before income taxes of $2,288,000 for the year ended December 31, 2021. The Company noted that during 2021 it recorded as Other Income a gain from the forgiveness of its Paycheck Protection Program loan of $2,929,000 by the Small Business Administration in a
MELVILLE, N.Y., March 21, 2023 /PRNewswire/ -- P&F Industries, Inc. (NASDAQ:PFIN) today announced that its Board of Directors approved a dividend policy under which the Company intends to declare a cash dividend to the Company's stockholders in the amount of $0.20 per share per annum, payable in equal quarterly installments. In conjunction therewith, the Company's Board of Directors declared a quarterly cash dividend of $0.05 per share to stockholders of record at the close of business on March 31, 2023. This dividend is payable on April 6, 2023. Future dividend declarations are subject to the Board of Directors' continuing determination that the dividend policy is in the best interests of
MELVILLE, N.Y., Feb. 27, 2023 /PRNewswire/ -- P&F Industries Inc. (NASDAQ GM: PFIN), plans to release its results for the year ended December 31, 2022, before the market opens on Tuesday, March 28, 2023. The Company has scheduled a conference call beginning at 11:00 a.m. Eastern time the same day. The dial-in number for the conference call is 866-580-3963. When prompted, provide the password "2022 Earnings Call". For those who cannot listen to the live broadcast, a replay of the call will be accessible through the Company's website beginning approximately twenty-four hours later. About P&F Industries Inc. P&F Industries, Inc., through its wholly owned subsidiaries, is a leading manufacturer
MELVILLE, N.Y., Nov. 9, 2022 /PRNewswire/ -- P&F Industries, Inc. (NASDAQ:PFIN) today announced its results from operations for the three and nine-month periods ended September 30, 2022. The Company is reporting net revenue of $14,516,000, and $46,347,000, for the three and nine-month periods ended September 30, 2022, compared to $12,985,000, and $40,520,000, for the same periods in 2021. For the three-month period ended September 30, 2022, the Company is reporting a net loss before income taxes of $346,000, compared to a net loss before income taxes of $841,000 for the three-month period ended September 30, 2021. For the nine-month period ended September 30, 2022, the Company is reporting