Overview
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2022
Where the money goes
Where each dollar of revenue went, fiscal 2022
- Cost of revenue65¢$40.1M
- Research and development1¢$477.0K
- Selling, general and admin33¢$20.4M
- Income tax1¢$376.0K
Out of $59.0M in revenue.3 The company lost money this year.
Where each dollar of operating cash went, fiscal 2022
- Capital spending72¢$2.4M
- Dividends paid10¢$319.0K
- Kept or used elsewhere18¢$595.0K
Out of $3.3M of cash from operations.3
Financial statements
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|
| Revenue | $57.3M4 | $59.0M5 | $65.0M6 | $58.7M7 | $49.1M8 | $53.6M3 | $59.0M3 |
| Cost of revenue | $38.3M4 | $37.9M5 | $41.8M6 | $37.7M7 | $34.9M8 | $36.2M3 | $40.1M3 |
| Gross profit | $18.9M4 | $21.1M5 | $23.2M6 | $21.0M7 | $14.2M8 | $17.3M3 | $18.9M3 |
| Research and development | $477.0K3 | ||||||
| Selling, general and admin | $19.6M4 | $21.0M5 | $21.7M6 | $21.9M7 | $19.4M8 | $19.9M3 | $20.4M3 |
| Operating income | -$10.3M4 | $50.0K5 | $1.5M6 | -$911.0K7 | -$6.8M8 | -$2.6M3 | -$1.5M3 |
| Interest | $181.0K4 | $168.0K5 | $223.0K6 | $198.0K7 | $140.0K7 | ||
| Income before tax | $2.3M3 | -$1.9M3 | |||||
| Income tax | -$3.0M4 | $635.0K5 | $253.0K6 | $1.8M7 | -$1.9M8 | -$2.0K3 | -$376.0K3 |
| Net income | $6.9M4 | -$884.0K5 | $856.0K6 | $4.9M7 | -$5.0M8 | $2.3M3 | -$1.5M3 |
| Earnings per share | $1.9212 | -$0.255 | $0.246 | $1.537 | -$1.578 | $0.723 | -$0.463 |
| Earnings per share (diluted) | $1.9212 | -$0.255 | $0.236 | $1.517 | -$1.578 | $0.723 | -$0.463 |
| Shares (weighted, basic) | 3.2M shares3 | 3.2M shares3 | |||||
| Shares (weighted, diluted) | 3.2M shares3 | 3.2M shares3 |
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|
| Cash | $3.7M5 | $1.2M6 | $999.0K7 | $380.0K7 | $904.0K8 | $539.0K3 | $667.0K3 |
| Receivables | $7.5M3 | $7.4M3 | |||||
| Inventory | $24.0M3 | $24.5M3 | |||||
| Current assets | $34.5M4 | $32.2M5 | $32.2M6 | $34.1M7 | $29.5M8 | $36.7M3 | $35.3M3 |
| Property, plant and equipment | $8.1M3 | $9.4M3 | |||||
| Goodwill | $4.4M3 | $4.8M3 | |||||
| Intangible assets | $5.6M3 | $5.3M3 | |||||
| Total assets | $54.1M4 | $55.0M5 | $55.6M6 | $61.7M7 | $53.4M8 | $58.2M3 | $61.0M3 |
| Accounts payable | $2.9M3 | $3.1M3 | |||||
| Short-term debt | $08 | $7.6M3 | |||||
| Current liabilities | $6.2M4 | $7.9M5 | $9.9M6 | $12.0M7 | $8.3M8 | $12.1M3 | $14.4M3 |
| Long-term debt | $88.0K4 | $94.0K5 | $05 | $07 | $946.0K8 | $08 | |
| Total liabilities | $6.5M4 | $9.0M5 | $10.1M6 | $15.2M7 | $11.8M8 | $14.3M3 | $19.0M3 |
| Retained earnings | $36.0M3 | $34.3M3 | |||||
| Shareholders’ equity | $47.6M5 | $46.0M6 | $45.5M7 | $46.5M8 | $41.5M3 | $43.8M3 | $42.0M3 |
| Shares outstanding | 3.6M shares13 | 3.6M shares12 | 3.6M shares4 | 3.2M shares5 | 3.1M shares6 | 3.2M shares7 | 3.2M shares8 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|
| Cash from operations | -$1.2M4 | $4.6M5 | $3.0M6 | -$2.5M7 | $3.0M8 | -$4.1M3 | $3.3M3 |
| Depreciation and amortization | $1.8M3 | $1.8M3 | |||||
| Stock-based compensation | $5.0K3 | $1.0K3 | |||||
| Capital spending | $1.1M4 | $910.0K5 | $1.9M6 | $1.5M7 | $1.1M8 | $642.0K3 | $2.4M3 |
| Free cash flow | -$2.2M | $3.7M | $1.1M | -$4.0M | $1.9M | -$4.8M | $914.0K |
| Cash from investing | -$584.0K3 | -$4.6M3 | |||||
| Dividends paid | $2.3M4 | $722.0K5 | $723.0K6 | $632.0K7 | $157.0K8 | $03 | $319.0K3 |
| Share buybacks | $255.0K4 | $358.0K5 | $1.5M6 | $3.5M7 | $07 | ||
| Cash from financing | $4.4M3 | $1.5M3 | |||||
| Dividend per share | $0.054 | $0.056 | $0.056 |
Corporate structure
P&F INDUSTRIES INC sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of P&F INDUSTRIES INC
- Richard A. Horowitz Filed SC 13D/A on P&F INDUSTRIES INC, latest Dec 21, 2023 (3 filings since Mar 22, 2023)
- LAWNDALE CAPITAL MANAGEMENT LLC Filed SC 13G on P&F INDUSTRIES INC, latest Nov 3, 2023 (2 filings since Jan 19, 2023)
- Grace Horowitz Filed SC 13G/A on P&F INDUSTRIES INC, latest Mar 22, 2023
- P&F INDUSTRIES INC Melville, New York
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What P&F INDUSTRIES INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Land | $507.0K3 Dec 31, 2022 | $507.0K3 Dec 31, 2021 | 0% |
| Buildings and improvements | $4.1M3 Dec 31, 2022 | $3.6M3 Dec 31, 2021 | +13.4% |
| Machinery and equipment | $28.1M3 Dec 31, 2022 | $25.7M3 Dec 31, 2021 | +9.3% |
| Property and equipment, before depreciation | $32.7M3 Dec 31, 2022 | $29.8M3 Dec 31, 2021 | +9.6% |
| Accumulated depreciation | $23.3M3 Dec 31, 2022 | $21.7M3 Dec 31, 2021 | +7.3% |
| Property and equipment, net | $9.4M3 Dec 31, 2022 | $8.1M3 Dec 31, 2021 | +15.9% |
| Operating-lease assets (leased space) | $5.5M3 Dec 31, 2022 | $3.0M3 Dec 31, 2021 | +86.0% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $667.0K3 Dec 31, 2022 | $539.0K3 Dec 31, 2021 | +23.7% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $4.8M3 Dec 31, 2022 | $4.4M3 Dec 31, 2021 | +8.4% |
| Intangible assets, net (excluding goodwill) | $5.3M3 Dec 31, 2022 | $5.6M3 Dec 31, 2021 | −4.8% |
| Accumulated amortization | $5.9M3 Dec 31, 2022 | $5.2M3 Dec 31, 2021 | +12.6% |
| Finite-lived intangibles, net | $3.2M3 Dec 31, 2022 | $3.4M8 Dec 31, 2021 | −7.2% |
Inventory
Leadership
Who has led P&F INDUSTRIES INC, and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
- Chief executive officerRichard A. Horowitz Sep 7, 2017 to Sep 7, 201714
- ChairRichard A. Horowitz Sep 7, 2017 to Sep 7, 201714
- PresidentRichard A. Horowitz Sep 7, 2017 to Sep 7, 201714
- Chief financial officerJoseph A. Molino Jr. Jun 20, 2007 to Dec 17, 201815
- Chief operating officerJoseph A. Molino Jr. Jun 20, 2007 to Dec 17, 201815
Board members and other officers (13)
- Vice PresidentJoseph A. Molino Jr. Jun 7, 2006 to Dec 20, 202316
- Principal Executive OfficerRichard A. Horowitz Jun 7, 2006 to Dec 20, 202317
- Board memberHoward Brod Brownstein Aug 2, 2010 to Dec 20, 202318
- Board memberDennis Kalick Mar 8, 2007 to Jun 20, 200719
- Board memberMarc A. Utay Mar 13, 2007 to Jun 20, 200720
- Board memberAlan I. Goldberg Jun 20, 2007 to Nov 20, 201221
- Board memberJeffrey D. Franklin Jun 20, 2007 to Dec 20, 202322
- Board memberKenneth M. Scheriff Jun 20, 2007 to Dec 20, 202323
- Board memberMitchell A. Solomon Jun 20, 2007 to Dec 20, 202324
- Board memberRobert Dubofsky Jun 20, 2007 to Nov 20, 201225
- Board memberRobert M. Steinberg Jun 20, 2007 to Jun 20, 200726
- Board memberSidney Horowitz Jun 25, 2007 to Jun 25, 200727
- Board memberRichard A. Horowitz Jun 7, 2006 to Dec 20, 202317
Timeline
- Dec 20, 20238-K Ended a material agreement; Completed an acquisition or sale; Listing notice or transfer28
- Dec 13, 20238-K Bylaws or fiscal year changed29
- Nov 29, 20238-K Ended a material agreement30
- Nov 9, 20238-K Results of operations31
- Oct 13, 20238-K Entered a material agreement; Executive or director change; Other events32
- Aug 10, 20238-K Results of operations33
- Jun 12, 20238-K Entered a material agreement; Executive or director change34
- May 30, 20238-K Shareholder vote35
- May 11, 20238-K Results of operations36
- Mar 28, 20238-K Results of operations37
- Mar 28, 20238-K Entered a material agreement; New debt or obligation38
- Mar 10, 20238-K Executive or director change39
- Sep 7, 2017New chief executive Richard A. Horowitz becomes CEO14
Calendar
When it reported results
- Nov 9, 2023Reported quarterly or annual results31
- Aug 10, 2023Reported quarterly or annual results33
- May 11, 2023Reported quarterly or annual results36
- Mar 28, 2023Reported quarterly or annual results37
- Nov 10, 2022Reported quarterly or annual results40
- Aug 11, 2022Reported quarterly or annual results41
- May 12, 2022Reported quarterly or annual results42
- Mar 29, 2022Reported quarterly or annual results43
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
64 filings to the SEC since October 2021: 2 annual reports, 7 quarterly reports, 23 major events, 13 insider forms, 6 large holders, 13 other. The latest 20:
- Jan 2, 202415-12G EDGAR
- Dec 27, 2023S-8 POS EDGAR
- Dec 21, 2023SC 13D/A EDGAR
- Dec 20, 202325-NSE EDGAR
- Dec 20, 20234 OWNERSHIP DOCUMENT EDGAR
- Dec 20, 20234 OWNERSHIP DOCUMENT EDGAR
- Dec 20, 20234 OWNERSHIP DOCUMENT EDGAR
- Dec 20, 20234 OWNERSHIP DOCUMENT EDGAR
- Dec 20, 20234 OWNERSHIP DOCUMENT EDGAR
- Dec 20, 20234 OWNERSHIP DOCUMENT EDGAR
- Dec 20, 20238-K EDGAR
- Dec 13, 20238-K EDGAR
- Dec 11, 2023DEFA14A EDGAR
- Dec 4, 2023DEFA14A EDGAR
- Nov 29, 20238-K EDGAR
- Nov 22, 2023DEFA14A EDGAR
- Nov 17, 2023DEFM14A EDGAR
- Nov 9, 202310-Q EDGAR
- Nov 9, 20238-K EDGAR
- Nov 3, 2023PREM14A EDGAR
The 64 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Richard A. HorowitzSC 13D/A, 3 filings Mar 22, 2023 to Dec 21, 202344
- LAWNDALE CAPITAL MANAGEMENT LLCSC 13G, 2 filings Jan 19, 2023 to Nov 3, 202345
- Grace HorowitzSC 13G/A, 1 filing Mar 22, 202346
SEC filer profile
How P&F INDUSTRIES INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARP&F INDUSTRIES INC1
- CIK0000075340
- Employer ID (EIN)22-16574131
- Filer statusNon-accelerated filer<br>smaller reporting company1
- Incorporated inDelaware1
- Fiscal year endsDecember 311
- Industry code (SIC)3540 Metalworkg Machinery & Equipment1
- SEC reviewing officeOffice of Technology, Division of Corporation Finance1
- Business address445 Broadhollow Road, Melville, NY 117471
- Phone(631)694-98001
- Shares outstanding3,194,699 as of Nov 6, 202311
- Public float$9.8M as of Jun 30, 20223
- On EDGAR sinceMay 1, 19951
- Filings673 in all: 8-K (226), 4 (138), 10-Q (87), SC 13D/A (43), SC 13G/A (31), DEF 14A (29), 10-K (25), ARS (13)1
All 31 form types
3 (11), 10-Q/A (8), UPLOAD (8), 8-K/A (7), DEFA14A (7), SC 13D (7), SC 13G (5), CORRESP (4), 10-K405 (3), 4/A (3), 5 (3), 10-K/A (2), 15-12G (2), S-8 (2), 25-NSE (1), 8-A12B/A (1), 8-A12G (1), 8-A12G/A (1), DEFM14A (1), NT 10-K (1), NT 10-Q (1), PREM14A (1), S-8 POS (1)
- Latest filingsAnnual report (10-K) Mar 29, 2023
Quarterly report (10-Q) Nov 9, 2023
Proxy statement (DEF 14A) Apr 28, 2023
Latest 8-K (8-K) Dec 20, 2023
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 5
- 6
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- 9
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- 16SEC EDGARJoseph A. Molino Jr., Vice President
- 17
- 18SEC EDGARHoward Brod Brownstein, Board member
- 19SEC EDGARDennis Kalick, Board member
- 20SEC EDGARMarc A. Utay, Board member
- 21SEC EDGARAlan I. Goldberg, Board member
- 22SEC EDGARJeffrey D. Franklin, Board member
- 23SEC EDGARKenneth M. Scheriff, Board member
- 24SEC EDGARMitchell A. Solomon, Board member
- 25SEC EDGARRobert Dubofsky, Board member
- 26SEC EDGARRobert M. Steinberg, Board member
- 27SEC EDGARSidney Horowitz, Board member
- 28
- 29SEC EDGARBylaws or fiscal year changed
- 30SEC EDGAREnded a material agreement
- 31SEC EDGARResults of operations
- 32
- 33SEC EDGARResults of operations
- 34
- 35SEC EDGARShareholder vote
- 36SEC EDGARResults of operations
- 37SEC EDGARResults of operations
- 38
- 39SEC EDGARExecutive or director change
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