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TX Rail Products, Inc engages in the supplying, distributing, and selling rail material to the coal mining industry, short line railroads, and tunneling contractors in the United States. It also offers rail accessories and tee rail products. The company was formerly known as TX Holdings, Inc. and changed its name to TX Rail Products, Inc in January 2024. TX Rail Products, Inc was incorporated in 2000 and is headquartered in Ashland, Kentucky.
TX Rail Products Reports Financial Results for Third Quarter of Fiscal 2026
TX Rail Products reported Q3 fiscal 2026 revenue of $3.0 million, a 62.5% increase year-over-year, driven by the addition of a major customer and higher sales volume.
Net income rose 30.8% to $389,000, though gross margins contracted to 26.1% due to higher tariffs and product mix.
The company anticipates full-year fiscal 2026 revenue growth of at least 50% and noted positive year-to-date operating cash flow improvement.