MFRI, Inc. (MFRI) Swings to Q1 Loss
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MFRI Reports 1Q15 Results; Backlog as of May 31, 2015 More Than Doubles to $99.3 Million Since January 31, 2015
June 12, 2015 8:30 AM EDTNILES, IL -- (Marketwired) -- 06/12/15 -- MFRI, Inc. (NASDAQ: MFRI)
Pre-tax loss of $4.6 million as 1Q15 sales declined to $38 million from $60 million in 1Q14, primarily due to timing of project-related Perma-Pipe orders Backlog growth from new awards positions MFRI for improved full yearMFRI, Inc. (NASDAQ: MFRI) announced today financial results for the quarter ended April 30, 2015. The Company also announced that its backlog of orders as of May 31, 2015 reached $99.3 million, its highest level since July 31, 2013.
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