PMFG, Inc. (PMFG) Posts Surprise Q4 Loss of 3c/Share; Issues FY13 Growth Outlook
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PMFG, Inc. (NASDAQ: PMFG) reported Q4 EPS of ($0.03), $0.09 worse than the analyst estimate of $0.06. Revenue for the quarter came in at $33 million versus the consensus estimate of $38.56 million.
The Company expects consolidated revenue in fiscal 2013 to increase 13% to 18% over fiscal 2012 with the Process Products segment driving the growth. Based on assumed product mix and current operating environment, consolidated operating margins are expected to be between 30% and 32%. Operating expenses are expected to increase at a rate significantly lower than revenue growth as we continue to invest in sales and engineering resources to support international markets.
For earnings history and earnings-related data on PMFG, Inc. (PMFG) click here.
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The Company expects consolidated revenue in fiscal 2013 to increase 13% to 18% over fiscal 2012 with the Process Products segment driving the growth. Based on assumed product mix and current operating environment, consolidated operating margins are expected to be between 30% and 32%. Operating expenses are expected to increase at a rate significantly lower than revenue growth as we continue to invest in sales and engineering resources to support international markets.
For earnings history and earnings-related data on PMFG, Inc. (PMFG) click here.
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