EMMETT, Idaho--(BUSINESS WIRE)--T.J.T., Inc. (the Company), OTC Markets: AXLE – T.J.T., Inc., a supplier of axles, tires, and set-up materials to the manufactured housing industry announced a second quarter net loss of $7,114 ($0.00 per diluted share) on net sales of $1,440,024.
Net sales increased 14 percent from sales of $1,266,699 in the second quarter of the prior year. Net sales of axles and tires were $1,005,161 which represents an increase of 18 percent from axle and tire sales of $849,091 during the second quarter of the prior year. Net sales of accessories totaled $434,863 which represents an increase of 4 percent from accessory sales of $417,680 in the same period of the prior year.
T.J.T. CEO Terry Sheldon commented on the second quarter results by saying, “While our results were affected to some extent by seasonal factors, we look forward to improved results as the year progresses. Our team of dedicated employees at T.J.T. continues to work diligently to provide the highest quality products and services to our customers. We are committed to continuing our efforts to grow the business by providing quality service to additional customers.”
Established in 1977, T.J.T., Inc. is a major provider of recycled axles and tires to the manufactured housing industry. It operates recycling facilities in Idaho and California and serves eight western states. In addition to the recycling business, T.J.T. also sells aftermarket products to manufactured housing, recreational vehicle, and residential markets.
This release contains certain forward-looking statements, which are based on management’s current expectations including, but not limited to, general economic conditions, changes in interest rates, deposit flows, real estate values, competition, and changes in legislation or regulations, and other economic, competitive, governmental, regulatory, and technological factors affecting the Company’s operations, pricing, products, and services. Any forward looking statement speaks only as of the date on which the statement is made, and the Company undertakes no obligation to update any forward looking statement.