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Posts Tagged ‘emmett idaho’

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)