This morning investors are expected to be on the hunt for those stocks that may have been in the news yesterday, and one of the stocks that could be in focus is TX Rail Products Inc. (OTC: TXRP). The company was in the news cycle yesterday after it announced its financial result for the first fiscal quarter of 2025. In this feature, we will take a closer look.
Performance
In the news release, the company, which is involved in the supply of rail and rail products to the United States coal mining industry, announced that it had delivered a 31% rise in revenues. It was also noted that the company had managed to deliver positive cash flow for the above-mentioned quarter. Additionally, the company also noted that it had also been able to add a number of new customers. More importantly, TX Rail Products also observed that the geopolitical conditions remained favorable for its business.
Numbers
The revenues for the quarter came in at $2.1 million, which reflected a strong improvement on the $1.6 million generated in the prior year quarter. The cost of goods sold stood at $1.6 million as opposed to $1.3 million in the prior year quarter in 2024.
CEO Comment
Mr. Shrewsbury, CEO and Chairman of TX Rail Products, Inc., commented, “We delivered a 31% increase in revenue and generated positive cash from operations for the first quarter of fiscal 2025. We have added multiple new customers, and importantly, geopolitical conditions are favorable for our offerings. We expect these conditions will remain favorable in the coming years, especially in states where we already have an established presence.”
