Talon International, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2016
August 12, 2016 at 09:21 am EDT
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Talon International, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported net sales of $14,454,889 against $15,787,278 a year ago. Income from operations was $1,803,018 against $772,841 a year ago. Income before provision for income taxes was $1,647,257 against $666,699 a year ago. Net income was $957,698 against $448,507 a year ago.
For the six months, the company reported net sales of $25,719,521 against $26,595,700 a year ago. Income from operations was $2,038,433 against $627,022 a year ago. Income before provision for income taxes was $1,732,025 against $426,461 a year ago. Net income was $1,006,815 against $289,284 a year ago.
Talon International, Inc. is an apparel company, which specializes in the distribution of trim items to manufacturers of fashion apparel, specialty retailers and mass merchandisers. The Company acts as a full-service outsourced trim management department for manufacturers, a specified supplier of trim items to owners of specific brands, brand licensees and retailers, a manufacturer and distributor of zippers under the Talon brand name and a distributor of stretch waistbands that utilize licensed patented technology under the Tekfit/Adjustec brand name. Its products include Zippers, Trim, Packaging, Adjustec and Bonding. The Zippers products include metal, coil, vintage, plastic, KidZip, and others. The Trim products include paper trims, labels, hardware, heat transfer and others. Its Adjustec products provide shirts, pockets, pants and proprietary. Its Packaging product provides boxes, bags and specialties. The Bonding products include seam sealing tape, overlay, adhesives and flex-it.