Revenue Performance - Consolidated revenue for the three months ended September 30, 2021, was $12,985,000, an increase of 4.7% compared to $12,406,000 in the same period of 2020[105] - Florida Pneumatic's revenue for the nine months ended September 30, 2021, was $31,221,000, reflecting a 10.1% increase from $28,351,000 in the same period of 2020[105] - Hy-Tech's revenue for the three months ended September 30, 2021, was $3,378,000, a 24.0% increase from $2,725,000 in the same period of 2020[105] - Florida Pneumatic's total revenue for Q3 2021 was $9,607,000, a decrease of 0.8% compared to $9,681,000 in Q3 2020[107] - Automotive revenue decreased by $362,000 (10.3%) to $3,168,000, while Retail revenue fell by $496,000 (13.3%) to $3,222,000[107] - Industrial revenue increased by 20.4% to $1,257,000, and Aerospace revenue rose by 44.5% to $1,832,000, driven by improved order activity from Boeing[107] - For the nine-month period ended September 30, 2021, Automotive revenue increased by 14.1% to $11,053,000, and Retail revenue improved by 12.6% to $10,775,000[108] - Aerospace revenue for the nine-month period decreased by 19.7% to $5,094,000, primarily due to ongoing impacts from the pandemic[108] - Hy-Tech's total revenue for Q3 2021 increased by 24% to $3,378,000, with OEM revenue rising by 91.3% to $1,668,000[112] - Florida Pneumatic's revenue for the nine months ended September 30, 2021, was $11,746,000, an increase of $1,472,000 or 14.3% compared to $10,274,000 in 2020[116] - Hy-Tech's revenue for the same period was $1,712,000, reflecting a significant increase of $933,000 or 119.8% from $779,000 in 2020[116] - Total revenue for the nine months ended September 30, 2021, was $13,458,000, up $2,405,000 or 21.8% from $11,053,000 in 2020[116] Profitability and Margins - Significant increases in ocean freight costs were noted, affecting overall profitability[89] - Hy-Tech's gross margin improved significantly, with a gross profit of $593,000 in Q3 2021, representing a 155.6% increase compared to $232,000 in Q3 2020[115] - Florida Pneumatic's gross margin for Q3 2021 was 35.2%, up from 34.0% in Q3 2020, attributed to a favorable product mix and improved overhead absorption[115] - Hy-Tech's OEM revenue for the nine-month period increased by 33.4% to $4,688,000, while PTG revenue declined by 23.4% to $2,132,000 due to ongoing pandemic effects[114] - The gross margin for Florida Pneumatic improved due to higher margin Industrial revenue, despite increased ocean freight costs[116] - Hy-Tech's gross margin improved by 9.7 percentage points for the nine months ended September 30, 2021, compared to the same period in 2020[116] Operational Challenges - The company experienced a negative impact on revenue and income due to the COVID-19 pandemic and supply-chain disruptions[89] - The ongoing production slow-down at Boeing and reduced activity in aerospace manufacturing facilities have adversely affected revenue[89] - The company monitors the price of crude oil and the number of active rotary drilling rigs, which are key factors in sales to the oil and gas sector[91] - Tariffs on imported products are considered a key economic measure impacting costs[92] Expenses and Financial Position - Selling, general and administrative expenses (SG&A) for the nine-month period were $15,183,000, an increase of $200,000 from $14,983,000 in 2020[119] - The company recorded a total interest expense of $21,000 for the nine months ended September 30, 2021, a decrease of $97,000 or 82.2% from $118,000 in 2020[122] - The effective tax rate for the nine-month period ended September 30, 2021, was a tax benefit of 23.9%, compared to 29.3% for the same period in the prior year[125] - Working capital increased to $23,200,000 as of September 30, 2021, from $21,258,000 at December 31, 2020[128] - Total bank debt decreased to $3,295,000 at September 30, 2021, from $4,303,000 at December 31, 2020[130] IT and Security - The company has remediated a ransomware attack on its IT systems, ensuring all critical systems are operational[102] Product Development - The company is developing cordless models of tools for non-automotive applications, expecting to introduce these products soon[101]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-5332 P&F INDUSTRIES, INC. (Exact name of registrant as specified in its charter) incorporation or organization) Delaware 22-165 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2021 ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 P&F INDUSTRIES, INC. (Exact name of registrant as specified in its charter) Delaware 22-1657413 incorporation or organization) (State or other jurisdiction of (I.R.S. Employer Identification Number) 445 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2020 or ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-5332 P&F INDUSTRIES, INC. (Exact name of registrant as specified in its charter) Delaware 22-1657413 (State or other jurisdiction of (I.R.S. Employer incorporation or or ...