PMFG, Inc. (PMFG) Posts Q4 adj.-Loss of 26c/Share

PMFG, Inc. (NASDAQ: PMFG) reported Q4 EPS of ($0.26), $0.22 worse than the analyst estimate of ($0.04). Revenue for the quarter came in at $39.7 million versus the consensus estimate of $35.44 million.

PMFG, Inc. sees FY2015 revenue of $150 - $160 million, versus the consensus of $150.3 million.

Industry Conditions and Forward Outlook

Peter J. Burlage, Chief Executive Officer, stated, "Our team is clearly disappointed in our FY14 results as we faced a number of headwinds, including delays in anticipated project awards and higher-than-planned project costs at our United States operations. These operational issues cost us approximately $7 million in fiscal 2014 and are not acceptable to me or the team at PMFG. As I noted earlier, we have taken significant steps to correct these issues, including organizational structure and leadership changes in our organization this last year. Although there is still work to be done, we are dedicated to resolving these problems and driving meaningful improvements in fiscal 2015."

Mr. Burlage continued, "The year ahead presents us with a number of opportunities and challenges, but I am confident our team will execute on our plan to drive growth, improve operational efficiencies and increase shareholder value. I believe we are very well positioned to leverage key growth markets around the world and our focus on key technologies and solutions in the power markets and natural gas value chain will enable us to leverage these global growth megatrends in fiscal 2015 and beyond."

For earnings history and earnings-related data on PMFG, Inc. (PMFG) click here.

You May Also Be Interested In

• Blackhawk Network (HAWK) Reports Q2 Loss of $0.07; Offers Guidance
• Kodiak Sciences Inc. (KOD) Misses Q2 EPS by 7c
• Eledon Pharmaceuticals, Inc. (ELDN) Misses Q2 EPS by 12c