Articles from TX Rail Products, Inc.

Rising Demand and Operational Discipline Drive Revenue Growth and Continued Profitability Strategic Inventory Investments Position Company for Continued Growth and Market Readiness

Revenue up 5%; Gross Margin Remains Consistent at 29.8%Continued Profitability with Net Income of $297,000

First Half Fiscal 2025 Revenue Growth and Positive Cash from Operations Outpace Prior Year Period

Takes Steps to Strengthen Operations and Manage Costs

ASHLAND, Ky., Sept. 12, 2024 (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 it has engaged Griffith, De Laney, Hillman & Lett, a PCAOB registered accounting and auditing firm to perform an audit of the company’s financial statements for the period ending September 30, 2024.

ASHLAND, Ky., Aug. 01, 2024 (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 it has retained Hayden IR, LLC to broaden awareness of the company within the investment and financial communities and support the company’s investor relations program.

ASHLAND, Ky., April 29, 2024 (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 its second quarter 2024 fiscal year. During the 2024 second quarter, the company reported revenue of $2,529,656, a 44.5% increase when compared to the same period the prior year. Net income for the second fiscal quarter of 2024 was $586,530, an income increase of $354,974, when compared to a net income of $231,556 for the prior year second quarter fiscal.