Talon International, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2016
May 12, 2016 at 04:16 pm EDT
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Talon International, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2016. For the quarter, the company announced net sales of $11,264,632 compared to $10,808,422 for the same period a year ago. Income from operations was $235,415 compared to loss from operations of $145,819 for the same period a year ago. Income before provision for income taxes was $84,768 compared to loss before provision for income taxes of $240,238 for the same period a year ago. Net income was $49,117 compared to net loss of $159,223 for the same period a year ago. Sales increase was driven by a $1.6 million increase in sales of Talon Trim products, compared to the same period in 2015, which consist primarily of sales to specialty retail branded customers.
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.
TALON INTERNATIONAL, INC. 
