T.J.T reports net loss of $1.1 million

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T.J.T reports net loss of $1.1 million
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Thursday, December 15, 2011
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T.J.T reports net loss of $1.1 million Eagle, ID - T.J.T., Inc. a major supplier of axles, tires, and set-up supplies to the manufactured housing industry announced a net loss of $1.1 million, or $.24 per diluted share, for fiscal year 2011. The company incurred a net loss of $176,000, or $.04 per diluted share, for the fourth quarter. Net sales were flat in the final quarter of fiscal 2011 as compared to the same quarter in 2010. Net sales declined 18% during the twelve months ended September 30, 2011 compared to fiscal 2010. Net sales of axles and tires increased 5% and decreased 21% in the three and twelve month periods ending September 30, 2011 compared to the same periods in 2010, respectively.