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TX Rail Products, Inc. Anticipates Significant Revenue Growth in FY2026
Globenewswireยท 2025-09-25 12:30
Core Insights - TX Rail Products, Inc. is projecting a revenue growth of at least 50% for fiscal year 2026 compared to fiscal year 2025, following successful management of inventory levels amidst changes in U.S. trade policy [2][5] - The company is preparing for an uplist to the OTCQB within the next six months, which is expected to enhance visibility and access to a broader investor base [3][5] - TX Rail Products has engaged Forvis Mazars, LLP, a top 10 public accounting firm, to bolster shareholder confidence in its financial reporting [3][5] Company Developments - The company has made significant operational and financial progress recently, focusing on strengthening its foundation for future growth [2] - The CEO emphasized the importance of navigating recent challenges effectively, which has positioned the company for meaningful growth and long-term value [2][3] Industry Context - TX Rail Products supplies rail and rail products primarily to the U.S. coal mining industry, short line railroads, and tunneling contractors, indicating its niche within the broader rail and mining sectors [1]