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Posts Tagged ‘tires’

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)

Urgent Tips for Manufactured Housing Professionals in Isaac’s Path

August 27th, 2012 Comments off

Tropical Storm Isaac entered the Gulf of Mexico early Monday staying on a northwesterly track away from the Florida peninsula, but eerily similar to Katrina’s in 2005. According to the National Hurricane Center Isaac is expected to be a hurricane in a day or so before it hits land fall. Despite being much weaker than the devastating storm seven years ago, thousands along the Gulf Coast in states such as Florida, Alabama, Mississippi and Louisiana are following evacuation plans developed in the wake of Katrina, whose seventh anniversary coincides with Isaac’s arrival. To minimize your loss as retailers, businesses, communities and residents of manufactured homes, Kurt D. Kelley, loss mitigation expert, attorney, and President of Mobile Insurance offers ten tips for those in Isaac’s path: 1) single section homes not lot set should have the air let out of the tires; 2) homes should be moved closer to wind breaks if possible, but away from large trees; 3) Unsecured property should be moved inside or secured. Dead or untrimmed trees should be trimmed/removed. For the remainder of the tips, please click here.

(Editor’s Note: Please pass these links on to colleagues in the impacted area).

 

(Photo credits: Top–Corbis Photos; bottom–Fotosearch–hurricane protective panels)

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.)

Board Member Resigns

December 20th, 2011 Comments off

MarketWatch reports from Eagle, Idaho, that Terrence J. Sheldon has resigned from the board of directors of T.J.T., Inc., effective Dec. 15, 2011. T.J.T. is a major supplier of recycled axles and tires to the manufactured housing industry, serving 14 western states from its recycling facilities in Idaho and California. The company also provides aftermarket products to the manufactured housing, recreational vehicle (RV), and residential housing industries. No immediate replacement has been announced.
(Graphic credit: T.J.T., Inc.)

Uptick Noted for Drew Industries Stock

October 31st, 2011 Comments off

Zacks reports SmarTrend marks Drew Industries in an uptrend, noting the stock for this manufacturer of components for MH and RVs has risen nearly 24 percent in two months. The online analyst says August 29 the stock was at $19.89 and is now at $24.03. The range over the past year has been from $17.49 to $26.78. The 200-day moving average (MA) has increased 0.2% over the last five market days, while the 50-day MA has risen 2.8 percent. Drew manufactures doors, windows, steel chassis, axles, galvanized roofing, and refurbishes axles and tires. SmarTrend analyzes 5,000 stocks throughout the trading day.

(Graphic credit: Drew Ind.)