PMFG Earnings: Everything You Must Know Now
PMFG, Inc. (NASDAQ:PMFG) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
PMFG, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $0.04 in the quarter versus EPS of $-0.03 in the year-earlier quarter.
Revenue: Rose 4.51% to $34.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: PMFG, Inc. reported adjusted EPS income of $0.04 per share. By that measure, the company beat the mean analyst estimate of $0.02. It missed the average revenue estimate of $35.05 million.
Quoting Management: Peter J. Burlage, Chief Executive Officer, stated, “Looking back on fiscal 2013, we have navigated through a challenging environment as our Process Products business faced a variety of headwinds including a slowdown in natural gas infrastructure development and sluggish utility spending. However, we did not let these challenges stop us from continuing our efforts to build a leading global energy technology company. I am very enthused by the progress we have made in positioning the company for future growth.
Key Stats (on next page)…