P&F INDUSTRIES, INC. REPORTS IMPROVED RESULTS FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2023

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 to a net loss after-taxes of $618,000 for the same three-month period a year ago.  Lastly, the Company stated that its basic and diluted income per share for the three-month period ended March 31, 2023, was $0.11, compared to a basic and diluted loss per share of $0.19 for the same three-month period a year ago.

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