EXX Inc. (EXXA)

EXX, INC., through its subsidiaries, operates in the mechanical equipment, and the plastics and rubber industry in the United States. The company operates in two segments, Mechanical Equipment, and Plastics and Rubber. The Mechanical Equipment segment produces transmission, power train, and engine components and assemblies for the automotive, medium and heavy-duty truck, and agricultural vehicle industries; machine tools; electric motors; and telecommunications equipment. The Plastics and Rubber segment produces cosmetic and functional seals and boots, including transmission shift boots, steering column and gearshift lever seals, and air conditioning ducts; and engine compartment products, such as body and dash panel grommets and fuel filler seals primarily for the automotive industry and toys. The company also imports and sells impulse toys. EXX, Inc. is based in Las Vegas, Nevada.

For the three months ended 31 March 2006, EXX Inc.'s revenues rose 17% to $43.1M. Net income from cont. ops. fell 23% to $323K. Revenues reflect higher Mechanical Equipment revenues due to higher sales in heavy-duty truck sales and increased revenues from Plastics & Rubber segments. Net income was offset by higher selling, general & administrative expenses, the presence of impairment charge on long-lived assets and increase in income taxes.