Business
TX Rail Products, Inc. Reports Financial Results for Third Quarter of Fiscal 2025
TX Rail Products, Inc. Reports Financial Results for Third Quarter of Fiscal 2025.
About this update from Tx Rail Products, Inc.
[{"type":"text","content":"\r\n\r\n \r\n \r\n TX Rail Products, Inc. Reports Financial Results for Third Quarter of Fiscal 2025\r\n \r\n \r\n\r\n\r\nTX Rail Products, Inc. Reports Financial Results for Third Quarter of Fiscal 2025\r\n\r\n\r\n\r\n\r\n\r\nRevenue up 5%; Gross Margin Remains Consistent at 29.8%Continued Profitability with Net Income of $297,000 ASHLAND, Ky., Aug. 04, 2025 (GLOBE NEWSWIRE) -- TX Rail Products, Inc. (OTC Markets PINK: TXRP), a supplier of rail and rail products to the U.S. coal mining industry, short line railroads and tunneling contractors, today announced financial results for the third quarter of fiscal year 2025. Mr. Shrewsbury, CEO and Chairman of TX Rail Products, Inc., commented, “We continued to make solid progress in the third quarter, delivering year-over-year revenue growth and maintaining consistent gross margins, while investing in inventory to support anticipated demand. We are encouraged by the broader market signals and a resurgence in customer activity. We are seeing a release of pent-up demand as recent tariff concerns have begun to ease, providing a clearer runway for customer purchasing decisions. With inventory levels positioned to support this rising demand, we remain confident in the outlook for our business.” Third Quarter Fiscal Year 2025 Financial Summary Revenue for the third fiscal quarter ended June 30, 2025, was $1.9 million as compared to $1.8 million for the same period in the prior year, an increase of 4.9%. Cost of goods sold was $1.3 million as compared to $1.2 million for the same period in the prior year, an increase of 4.9%. Gross margin for the third fiscal quarter ended June 30, 2025, was 29.8%, consistent with the same period last year. Operating expenses for the third fiscal quarter ended June 30, 2025, were $266,000 as compared to $222,000 for the three months ended June 30, 2024, an increase of 20.0%. Other income for the third fiscal quarter ended June 30, 2025, was $11,700 as compared to other expense of ($2,200) in the same quarter the prior year. Net income for the current third fiscal quarter was $297,000, compared to $302,000 in the third quarter of fiscal year 2024, representing a decrease of 1.5%. On June 30,2025, cash and cash equivalents were $41,000 compared to $114,000 as of September 30, 2024. Net cash used by operating activities was $622,000 for the ...