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Last $4.62 USD
Change Today +0.18 / 4.05%
Volume 11.1K
PMFG On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

pmfg inc (PMFG) Key Developments

PMFG, Inc. Announces Earnings Results for the Second Quarter and Six Months Ended December 27, 2014; Provides Financial Guidance for the Full Year of Fiscal 2015

PMFG, Inc. announced earnings results for the second quarter and six months ended December 27, 2014. For the quarter, the company reported revenues of $40,920,000 compared to $29,613,000 a year ago. Operating loss was $577,000 compared to $1,577,000 a year ago. Loss before income taxes was $958,000 compared to $2,094,000 a year ago. Net loss attributable to the company was $1,350,000 compared to $3,014,000 a year ago. Basic and diluted LPS was $0.06 compared to $0.14 a year ago. Adjusted EBITDA was $182,000 compared to $722,000 a year ago. On non-GAAP basis, the company reported revenues of $40,920,000 compared to $29,613,000 a year ago. Operating loss was $577,000 compared to $1,106,000 a year ago. Loss before income taxes was $958,000 compared to $1,623,000 a year ago. Net loss attributable to the company was $1,350,000 compared to $2,703,000 a year ago. Basic and diluted LPS was $0.06 compared to $0.13 a year ago. For the six months, the company reported revenues of $86,179,000 compared to $58,684,000 a year ago. Operating income was $1,553,000 compared to operating loss of $3,236,000 a year ago. Income before income taxes was $1,176,000 compared to loss before income taxes of $4,311,000 a year ago. Net earnings attributable to the company were $566,000 compared to net loss attributable to the company of $4,595,000 a year ago. Basic and diluted EPS was $0.03 compared to basic and diluted LPS of $0.22 a year ago. Adjusted EBITDA was $2,518,000 compared to adjusted LBITDA of $1,991,000 a year ago. Adjusted operating income was $755,000 compared to adjusted operating loss of $2,815,000 a year ago. Adjusted income before income taxes was $378,000 compared to adjusted loss before income taxes of $3,890,000 a year ago. Adjusted net loss attributable to the company was $232,000 compared to $4,317,000 a year ago. Cash flows in year to-date fiscal 2015 include $0.7 million used in operating activities. On non-GAAP basis, the company reported revenues of $86,179,000 compared to $58,684,000 a year ago. Operating income was $755,000 compared to operating loss of $2,815,000 a year ago. Income before income taxes was $378,000 compared to loss before income taxes of $3,890,000 a year ago. Net loss attributable to the company were $232,000 compared to net loss attributable to the company of $4,317,000 a year ago. Basic and diluted LPS was $0.01 compared to $0.20 a year ago. The company expected revenue for the full year fiscal 2015 to be between $160 million and $170 million; with the increase over prior projections largely attributed to the continued strength of Environmental Systems segment. Gross margins in the back half of the year are anticipated to be in line with those recognized in the first half of the fiscal year. The improvement in margin over the company's guidance issued in September 2014 is attributed in part to the operational initiatives that first began in the second half of fiscal 2014. Operating expenses are expected to decline modestly over the back half of the year as the company reduce the spending on information technology expansion and operational improvement initiatives.

PMFG, Inc. to Report Q2, 2015 Results on Feb 05, 2015

PMFG, Inc. announced that they will report Q2, 2015 results at 9:00 AM, Eastern Standard Time on Feb 05, 2015

PMFG, Inc., Q2 2015 Earnings Call, Feb 05, 2015

PMFG, Inc., Q2 2015 Earnings Call, Feb 05, 2015

PMFG Wins $3 Million Contract for Nuclear Plant Equipment Upgrade in Europe

PMFG said it won a $3 million contract to provide equipment to be installed as part of the replacement and upgrade of a moisture separator reheater (MSR) for a nuclear power plant in Europe. The company is set to deliver the equipment in fourth quarter 2016 and expects to recognize revenues related to the contract across five quarters starting in fourth quarter 2015.

PMFG, Inc. Wins New $4.5 Million Environmental Systems Contract

PMFG, Inc. announced that it has been awarded a $4.5 million contract for two SCR and CO/VOC oxidation systems for two CCGT power generators to be installed in the New England region in early 2016. The equipment will be part of a new quick start combined cycle power plant and reduce NOX emissions by more than 90%. The company expects to recognize revenue related to the power generation project over the balance of fiscal year 2015 and the first three quarters of fiscal year 2016.

 

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