AXLE TJT Inc. featured news, full reports, and detailed charts
TJT Inc. (AXLE/AXLE.PK) Wrap Up:
T.J.T., Inc. purchases, repairs, reconditions, and sells axles and tires for the manufactured housing industry in the United States. It also sells metal buildings; skirting and other aftermarket accessories to manufactured housing dealers and contractors; and vinyl siding primarily to the site-built housing market. In addition, the company’s products include set-up supplies, axle brakes and idlers, underplayments, anchors and foundation systems, foundation piers, pads and blocks, jacks and accessories, ABS and PVC pipes, dryer vents, hardware products, adhesives, sealants, tapes, sidings, gutters, skylights, wood steps, sub-floor products, tools, mirrored wardrobe doors, and bathroom accesso...TJT Inc. (AXLE:OTC)
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Market Cap
1.4M
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Total Revenue
11.2M
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EBITDA
1.4M
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DILUTED EPS TTM
-0.20
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P/E
--
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P/S
0.1x
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Return On Asset
-10.67
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Return On Equity
-11.50
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| K = Thousands M = Millions B = Billions | ||
AXLE Top Compensated Officers
Executives, Board Directors
Key developments for TJT Inc. (AXLE)
TJT Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended June 30, 2009. For the quarter, the company reported net loss of $0.26 million or $0.06 per basic and diluted share on net sales of $2.53 million, compared to net loss of $0.14 million or $0.03 per basic and diluted share on net sales of $4 million, a year ago. The decrease in net sales is primarily due to an unprecedented decline of shipments of manufactured homes in the company's market area estimated to be 51% in the third quarter of 2009 as compared to the same quarter of 2008. Operating loss was $0.43 million compared to $0.25 million a year ago. Loss before non-controlling interest and taxes was $0.42 million compared to $0.25 million a year ago. Loss before taxes was $0.42 million compared to $0.24 million a year ago. For the nine months, the company reported net loss of $0.9 million or $0.19 per basic and diluted share on net sales of $6.6 million, compared to net loss of $0.62 million or $0.14 per basic and diluted share on net sales of $11.54 million, a year ago. Operating loss was $1.44 million compared to $1.1 million a year ago. Loss before non-controlling interest and taxes was $1.40 million compared to $1.04 million a year ago. Loss before taxes was $1.4 million compared to $1.01 million a year ago. Net cash provided by operating activities was $0.36 million compared to net cash used by operating activities of $2.1 million a year ago. Purchases of property, plant and equipment was $0.029 million compared to $0.124 million a year ago.
TJT Inc. reported consolidated unaudited earnings results for the second quarter and six months ended March 31, 2009. For the quarter, total sales were $1.56 million against $3.42 million a year ago. Operating loss was $0.55 million against $0.42 million a year ago. Loss before non-controlling interest and taxes was $0.54 million against $0.39 million a year ago. Loss before taxes was $0.54 million against $0.39 million a year ago. Net loss was $0.33 million or $0.07 per basic and diluted share against net loss of $0.25 million or $0.06 per basic and diluted share a year ago. The net loss is primarily due to lower sales volumes associated with the deteriorating market conditions. For the six months, total sales were $4.03 million against $7.55 million a year ago. The decrease is primarily due to an unprecedented decline of shipments of manufactured homes in the company's market area estimated to be close to 60% in the second quarter of 2009 as compared to the same quarter of 2008. Operating loss was $1.00 million against $0.84 million a year ago. Loss before non-controlling interest and taxes was $0.98 million against $0.79 million a year ago. Loss before taxes was $0.98 million against $0.76 million a year ago. Net loss was $0.60 million or $0.13 per basic and diluted share against net loss of $0.48 million or $0.11 per basic and diluted share a year ago. The net loss is primarily due to lower sales volumes associated with the deteriorating market conditions. Net cash provided by operating activities was $0.17 million against net cash used by operating activities of $1.428 million a year ago.
TJT Inc. announced the appointment of John R. Doherty to its Board of Directors, effective February 17, 2009. Doherty, a shareholder in the company for a number of years, resides in the Chicago, Illinois area. Under the terms of the company Bylaws, he will serve as a Class II Appointed Director until the Annual Meeting of 2010, whereupon he will stand for election as a Class II Director.
AXLE Competitors
| Company | Last | Change | |
| No competitor information is available for AXLE. | |||
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Industry Analysis
| Valuation | AXLE | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.1x |
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| Price/Book | 0.2x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 0.0x |
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AXLE transactions
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| No transactions in the last 6 months. | ||
