)
Edge14 Nov 2025
Ball: The King of Cans
From a 19th-century glass-jar legacy to a global plant network, Ball is now a pure-play aluminum can partner to the world's biggest beverage brands.
Tandy Leather Factory (TLF) investor relations material
Tandy Leather Factory Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary10 Nov, 2025
Executive summary
Net sales for Q3 2025 were $17.3 million, down 0.5% year-over-year, mainly due to a 6-week warehouse closure during headquarters relocation, which disrupted inventory shipments and commercial sales.
Gross profit increased to $10.2 million, with gross margin improving to 58.9% from 57.8% year-over-year, driven by inventory cost adjustments and pricing changes, partially offset by higher tariffs.
Operating expenses rose 5.4% to $10.8 million, primarily due to increased occupancy costs from leasing new headquarters, offset by lower digital marketing spend.
Net loss for Q3 2025 was $1.4 million, compared to a $0.1 million loss in Q3 2024.
For the nine months ended September 30, 2025, net sales were $54.1 million, up 0.3% year-over-year, with net income of $10.0 million, largely due to a $16.2 million gain from the sale of corporate headquarters.
Financial highlights
Q3 2025 net sales: $17.3 million (down 0.5% YoY); nine months: $54.1 million (up 0.3% YoY).
Q3 2025 gross margin: 58.9% (up from 57.8% YoY); nine months: 58.2% (up from 57.4% YoY).
Q3 2025 net loss: $1.4 million; nine months net income: $10.0 million (boosted by headquarters sale gain).
Q3 2025 basic and diluted EPS: $(0.17); nine months EPS: $1.20 basic, $1.18 diluted.
Cash and cash equivalents at September 30, 2025: $12.0 million, up from $10.0 million a year earlier.
Outlook and guidance
Focus remains on financial sustainability and profitability, managing operating expenses and gross margin to deliver free cash flow and operating income despite economic headwinds.
Management expects improved performance in the fourth quarter as operations stabilize post-headquarters move.
Continued selective investment in profitable sales growth, with priority on rebuilding a durable, profitable business model.
Retail store sales outperformed prior year, while online sales were temporarily impacted by the move.
Quantify HQ sale's impact on Q3 net loss
What drove the 5.4% operating expense increase?
Assess Q3 online sales impact and Q4 outlook
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Tandy Leather Factory earnings date
Q4 202526 Feb, 2026
Next Tandy Leather Factory earnings date
Q4 202526 Feb, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Tandy Leather Factory Inc., also known as TLF, operates as a specialty retailer and wholesaler of leather and leathercraft related items in the United States, Canada, and Spain. The company's extensive product lineup includes leather, hand tools, hardware, kits, liquids, teaching materials, machinery, and related accessories and supplies. TLF also manufactures leather laces, cut leather pieces, do-it-yourself kits, thread laces, belt strips and straps, and Craftaids. Additionally, it provides cutting, splitting, and assembly services to business customers. The company markets its products under several brand names, including Tandy Leather, Eco-Flo, Craftool, CraftoolPro, Dr. Jackson's, and TandyPro. The company is headquartered in Fort Worth, Texas, and its shares are listed on the NASDAQ.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage