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Posts Tagged ‘axles’

T.J.T., Inc. Results for Q4 and Fiscal Year 2014 reported

December 12th, 2014 Comments off

TJTbackgrnd5-338x112=credit=tjtusa=website-posted-daily-business-news-mhpronews-com-Emmett, Idaho based T.J.T. Inc., reported their fourth quarter and 2014 fiscal year results.

TJT (OTC Markets: AXLE) is a supplier of axles, tires and installation supplies for the manufactured home industry, says BusinessWire  and HearldOnline.

Income before taxes was stated as $247,912 on net sales of $6,163,707. Fourth quarter income before taxes was $111,057 on quarterly net sales of $1,912,407.

TJT CEO Terry Sheldon said, “We are very pleased to report a profitable fiscal year for T.J.T., Inc. Our team of employees at TJT continues to work diligently to provide the highest quality products and services to our customers. We look forward to continued improvements in the operational results going forward.”

The firm was started in 1977. They operate recycling facilities in Idaho and California which serve eight Western states. ##

(Photo credit: TJT website)

Manufactured Home Axles Pilfered, Suspect Pinched

October 17th, 2014 Comments off

joshua craig thompson  bsco  baxterbulletin com  credit  axle thiefA 16-foot trailer with 20 manufactured home axles worth $500 was stolen from Jackson Mobile Home Service in Mountain Home, Arkansas, according to baxterbulletin to MHProNews.

Joshua Craig Thompson of Mountain Home was arrested after he was found in possession of the trailer in neighboring Yellville. The axles were not found.

Thompson was booked at the Baxter County Jail in this north central AR city under a $2,500 bond.

As many in the manufactured housing retail and community sectors know, theft is an ongoing business challenge, so owners are routinely pleased when an arrest is made in a case such as this one. ##

(Photo credit: baxterbulletin.com–Joshua Craig Thomposn)

 

matthew-silver-daily-business-news-mhpronews-com(Submitted by Matthew J. Silver to the Daily Business News – MHProNews)

Axle & Tire Company Rolling Forward Once Again

January 17th, 2014 Comments off

TJT Inc. (OTC Markets: AXLE) reports a net profit of $75,815, $.02 per diluted share for the first quarter of fiscal year 2014, as compared to a net loss of $302,189 for the same quarter in the previous year. According to marketwatch.com net sales for Q1 2014 increased 90 percent to $1,456,466 versus $768,368 for the comparable quarter last year. Net sales of tires and axles rose 253 percent, from $244,484 the previous first quarter to $826,094 for Q1 2014. President and CEO Terry Sheldon commented on the first quarter results by saying, “We are very pleased with the return to profitability of T.J.T., Inc. The turnaround of the corporate results during the first quarter of this fiscal year is especially encouraging since historically the quarter can be challenging due to the seasonal nature of the business. We look forward to continuing to improve the operational results as the year progresses.”
MHProNews last post about the company was Aug. 24, 2012 when when the executive leadership changed following a lawsuit by the company against former employees. TJT supplies the manufactured housing industry with recycled axles and tires.

(Image credit: TJT Inc.)

T. J. T. Reports Substantial Drop in Sales

January 26th, 2013 Comments off

DailyFinance tells MHProNews T. J. T., Inc., based in Eagle, Idaho reports a net loss of $1,149,000, $.25 a diluted share, for fiscal year 2012 for this supplier of axles, tires and set-up supplies for the MH industry. Lower sales volume combined with an increase in SG&A (selling, general and administrative expenses) led to the net loss, which includes a $340,000 loss in Q4 2012. Sales plummeted 57 percent to $821,000 in the fourth quarter compared to the same period 2011. On the year, sales fell 34 percent to $4,004,000 in 2012 for the FY ending Sept. 30, 2012 compared to the previous fiscal year totals. The company formed T. J. T. Transit, LLC in Oct. 2012, a wholly-owned subsidiary designed for the transport of manufactured housing, modular buildings and man camps, which is set to be operational in early 2013. Due to cost-saving measures being taken by the company, T. J. T. will no longer file quarterly or annual reports for public perusal.

(Photo credit: Inhabitat)

Drew Ranks in EPS

November 16th, 2012 Comments off

Benzinga reports MH and RV component maker Drew Industries, Inc. (DW) is ranked number four on the NYSE in earnings per share (EPS) among all the recreational vehicle manufacturers. The company’s trailing-twelve month EPS is $1.61; the revenue for the same time period is $860.48 million. As MHProNews knows, Kinro, Inc., a Drew subsidiary, manufactures windows and doors for the MH and RV markets; its other subsidiary, Lippert Components, with fifty years experience in steel manufacturing provides axles, chassis, and custom steel fabrication, as well as acrylic bath products, to the industries.

(image credit: Drew Industries, Inc.)

Exec Change at T.J.T. Inc., from One Kling on to Another

August 24th, 2012 Comments off

Stockhouse reports T.J.T. Inc. of Emmett, Idaho announced the resignation of Shawn CJ Kling as President and CEO as of today, Aug. 24, 2012 to be replaced by Larry E. Kling, who has been on the board of directors since 2001. The new CEO served in that same role for Morgan Drive Away, Inc. from 1972-1983, when he founded Transit Homes of America, Inc., a transporter of manufactured homes, serving as president until it was sold to Morgan Drive Away in 1996. T.J.T. supplies axles, tires, and set-up equipment to the manufactured housing industry. Shawn CJ Kling remains as an outside director of T.J.T. As MHPronews noted in a story April 1, 2012, the company filed suit against four former management employees on the grounds of the alleged wrongful use, disclosure and acquisition of trade secrets, breach of fiduciary duties and tortuous interference with third-party relationships.

(Image credit: T.J.T. Inc.)

T.J.T. Reports Q3 2012 Loss

August 15th, 2012 Comments off

Stockhouse tells MHProNews T.J.T., Inc. of Emmett, Idaho reports a net loss of $194,000 for its third quarter of fiscal year 2012 versus a net loss for the same period last year of $346,000. Net sales fell from $1,457,000 for the quarter ending June 30, 2011 to $880,000 for the same period 2012, accounted for by a drop in sales of tires and axles by 52%, and a decrease in sales of accessories of 21% due to “competitive impacts.” Despite savings incurred as the result of closing facilities in Colorado and Washington, the net loss for 2012 was impacted by administrative and start-up costs associated with the distribution of parts and services for its North Dakota RV operations in the first quarter of fiscal year 2012, and its Field Service Division in Q3 2012 to provide mobile shower and laundry services to the oil and gas industry, also in ND. The company supplies axles, tires, and set-up supplies to the manufactured housing industry, and aftermarket supplies to the MH, RV, and residential markets.

(Photo credit: Riley Transport)

CEO of Company Fills Spot on Board

March 17th, 2012 Comments off

TradersHuddle tells MHProNews.com long-time executive in the MH and Mod transportation industry Shawn CJ Kling has been elected to the board of directors of T.J.T., Inc. to fill an unexpired Class III Director term. The company provides recycled tires and axles to the manufactured housing industry in ten western states from facilities in Idaho and California. Chosen as CEO and president of TJT in 2011, Kling previously was founder and CEO of Pinnacle Transportation Systems, Inc. from 2000-2011. He served as a transportation consultant for KTS 1998-2000, and prior to that position was an executive with Transit Homes of America, Inc. Founded in 1977, T.J.T. also provides aftermarket products to the MH, RV, and residential markets.

(Photo credit: Rileys Transport)

MH Service Provider Opens New Recycling Plant

March 6th, 2012 Comments off

Western U.S. supplier of axles, tires and set-up equipment to the manufactured housing industry, T.J.T., Inc., of Eagle, Idaho announced the opening of its new axle recycling plant in Emmett ID. The company’s president and CEO, Shawn King, sates, “We designed and built a modern, safe, and much more productive facility. This will allow us to further enhance the quality of our products to our valued customers.” MarketWatch tells MHProNews.com T.J.T. also recycles tires, and sells aftermarket supplies to the MH, RV, and residential markets.

(Graphic credit: T.J.T. Inc.)

Drew Draws in Doors

February 23rd, 2012 Comments off

Bradenton tells MHProNews.com Lippert Components, the wholly-owned subsidiary of MH and RV component maker Drew Industries, Inc., acquired Euramax International, Inc.’s United States RV entry door business for $1.7 million. USRV has annualized sales of $6 million. Lippert paid $1.2 million and will pay the balance over the next three years. Drew’s president and CEO Fred Zinn, noting Lippert’s prominence in the entry door field, said, “This acquisition enhances our growth and profit potential. With substantial borrowing capacity, and an outstanding operating management team, we have the resources to continue to pursue expansion opportunities which we believe will yield favorable returns on our investments.” CEO Jason Lippert of Lippert Components said, “”We will be able to consolidate the Euramax door production into our existing facilities, and utilize our existing production capacity and strong management team….to improve efficiencies and reduce costs of the acquired operations.” White Plains, NY-based Drew supplies the RV and MH industry with an array of components including doors, windows, chassis, axles, upholstered furniture, bath and shower fixtures, and slide-out mechanisms for RVs.

(Graphic credit: Drew Ind.)