<ARTICLE> 5 <LEGEND> This restated financial data schedule contains summary financial information extracted from the consolidated financial statements included in P & F Industries, Inc.'s quarterly reports on Form 10-Q for the quarters ended March 31, 1996, June 30, 1996 and September 30, 1996 and is qualified in its entirety by reference to such financial statements. </LEGEND> <RESTATED> <PERIOD-TYPE> 3-MOS 6-MOS 9-MOS <FISCAL-YEAR-END> MAR-31-1996 JUN-30-1996 SEP-30-1996 <PERIOD-END> MAR-31-1996 JUN-30-1996 SEP-30-1996 <CASH> 1,287,068 779,667 1,110,691 <SECURITIES> 0 0 0 <RECEIVABLES> 6,122,691 6,358,734 8,117,591 <ALLOWANCES> 0 0 0 <INVENTORY> 15,093,239 14,944,854 13,081,695 <CURRENT-ASSETS> 23,304,134 22,797,481 23,037,657 <PP&E> 10,912,629 11,015,894 11,088,039 <DEPRECIATION> 4,937,748 5,082,420 5,248,104 <TOTAL-ASSETS> 32,369,224 31,799,268 31,914,100 <CURRENT-LIABILITIES> 7,068,418 6,305,985 5,835,197 <BONDS> 7,324,529 7,227,047 7,166,601 <PREFERRED-MANDATORY> 0 0 0 <PREFERRED> 2,633,460 2,633,450 2,633,450 <COMMON> 2,928,867 2,928,867 2,928,867 <OTHER-SE> 12,413,960 12,703,919 13,349,985 <TOTAL-LIABILITY-AND-EQUITY> 32,369,224 31,799,268 31,914,100 <SALES> 9,334,135 18,927,735 31,785,290 <TOTAL-REVENUES> 9,376,425 19,067,635 32,023,041 <CGS> 6,143,005 12,472,364 21,259,432 <TOTAL-COSTS> 6,143,005 12,472,364 21,259,432 <OTHER-EXPENSES> 0 0 0 <LOSS-PROVISION> 0 0 0 <INTEREST-EXPENSE> 231,516 432,885 626,938 <INCOME-PRETAX> 560,293 1,142,089 2,278,991 <INCOME-TAX> 210,000 436,000 861,000 <INCOME-CONTINUING> 350,293 706,089 1,417,991 <DISCONTINUED> 0 0 0 <EXTRAORDINARY> 0 0 0 <CHANGES> 0 0 0 <NET-INCOME> 350,293 706,089 1,417,991 <EPS-PRIMARY> .10 .20 .42 <EPS-DILUTED> .09 .18 .38 <FN> <F1> ACCOUNTS RECEIVABLE ARE NET OF ALLOWANCE </FN>