P&F Industries Reports FY 2010 Revenue of $50.6M

P&F Industries, Inc. PFIN today announced its results of operations for the year ended December 31, 2010. P&F Industries Inc. reported revenue from continuing operations of $50,609,000 and $51,157,000, respectively, for the years December 31, 2010 and 2009. For the year ended December 31, 2010, the Company reported income after taxes from continuing operations of $341,000, compared to a loss after taxes from continuing operations of $1,195,000 during the year ended December 31, 2009, resulting in the Company improving its after-tax income by $1,536,000. The Company reported income after taxes from its discontinued operations of $340,000, for the year ended December 31, 2010, compared to a loss after taxes of $7,265,000 for the same period in 2009.