Quarterly ResultMay 11, 2026, 04:18 PM
Tandy Leather Factory Q1 Sales +3.2% to $19.7M; Operating Income Up
AI Summary
Tandy Leather Factory reported Q1 2026 financial results, with revenues increasing 3.2% to $19.7 million and operating income rising to $0.4 million from $0.3 million in 2025. Gross margins improved to 61.0%. The company also paid a special dividend of $0.75 per share, totaling approximately $6.1 million. Net income was $0.2 million, down from $11.6 million in the prior year, primarily due to the one-time sale of its headquarters in 2025.
Key Highlights
- Revenues were $19.7 million, up 3.2% from Q1 2025.
- Operating income generated $0.4 million, up from $0.3 million in Q1 2025.
- Net income was $0.2 million ($0.03 per share), compared to $11.6 million ($1.36 per share) in Q1 2025 due to prior year's headquarters sale.
- Gross margins increased to 61.0%, up from 56.3% in Q1 2025.
- Operating expenses were $11.6 million, up 11.2% from Q1 2025.
- EBITDA from operations was $0.7 million.
- Ended the quarter with $10.1 million in cash and cash equivalents.
- Paid a special dividend of approximately $6.1 million ($0.75 per share) to stockholders.