Tandy Leather Factory Reports First Quarter 2023 Results - Seite 2

Topic: Tandy Leather 2023 Q1 Investor Call
Time: May 18, 2023 09:00 AM Central Time (US and Canada)

Join Zoom Meeting
https://us02web.zoom.us/j/89231321752?pwd=dWZpeVR0Q21rd05Pa1NHU2tRMUhudz09

Meeting ID: 892 3132 1752
Passcode: 919981
One tap mobile
[phone],,89231321752#,,,,*919981# US
[phone],,89231321752#,,,,*919981# US (Chicago)

Dial by your location
[phone] US
[phone] US (Chicago)
[phone] US
[phone] US (New York)
[phone] US (Washington DC)
[phone] US
[phone] US
[phone] US
[phone] US (Tacoma)
[phone] US (Houston)
[phone] US
[phone] US
[phone] US
[phone] US
[phone] US
[phone] US (San Jose)
[phone] US
Meeting ID: 892 3132 1752
Passcode: 919981
Find your local number: https://us02web.zoom.us/u/kdygueYxV0

 * Adjusted EBITDA is a non-GAAP financial measure that the Company believes helps investors to compare its operating performance to that of other companies. The following is a reconciliation of the Company’s net income to Adjusted EBITDA (in millions):

		Three months ended March 31, 2023
Net income		$	664
Add back:
Depreciation and amortization			285
Interest expense			-
Income tax provision			278
Stock-based compensation			228
Adjusted EBITDA		$	1,455

Tandy Leather Factory, Inc., (http://www.tandyleather.com), headquartered in Fort Worth, Texas, is a specialty retailer of a broad product line, including leather, leatherworking tools, buckles and adornments for belts, leather dyes and finishes, saddle and tack hardware, and do-it-yourself kits. The Company distributes its products through its 101 North American stores located in 40 US states and six Canadian provinces, and one store located in Spain.  Its common stock trades on the Nasdaq Capital Market under the symbol “TLF”. To be included on Tandy Leather Factory's email distribution list, go to: http://www.b2i.us/irpass.asp?BzID=1625&to=ea&s=0.