ToughBuilt Industries, Inc. Announces Sales Results for 2019
January 13, 2020 at 02:00 pm
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ToughBuilt Industries, Inc. announced sales results for 2019. For the period, the company reported that its total gross sales for 2019 exceeded $20.0 million and net of allowances, total 2019 sales were approximately $19.2 million, compared to $15.3 million, net of allowances, for 2018.
Toughbuilt Industries, Inc. is engaged in designing, manufacturing, and distributing tools and accessories to the building industry. The Company markets and distributes various home improvement and construction product lines for both Do-It-Yourself (DIY) and professional markets under the TOUGHBUILT brand name. Its business is based on development of products, primarily in tools and hardware category, with particular focus on building and construction industry. Its three categories contain a total of approximately 19 product lines, consists of soft goods, which includes kneepads, tool bags, pouches and tool belts; metal goods, which consists of sawhorses, tool stands and workbench; and utility products, which includes utility knives, aviation snips, shears, lasers and levels, tape measures and chalk reels, striking tools, garden and landscaping tools, and pliers and clamps. It also has various additional categories and product lines in various stages of development.