PMFG (PMFG) Misses Q4 EPS by 29c

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Go back to PMFG (PMFG) Misses Q4 EPS by 29c

PMFG, Inc. (Parent of Peerless Mfg. Co.) Reports Fourth Quarter and Fiscal Year 2015 Financial Results

August 27, 2015 6:00 AM EDT

DALLAS, Aug. 27, 2015 (GLOBE NEWSWIRE) -- PMFG, Inc. (the "Company") (NASDAQ: PMFG) today reported financial results for the quarter and fiscal year ended June 27, 2015.

Fourth Quarter Fiscal Year 2015 Compared to 2014

Revenue in the fourth quarter of fiscal 2015 decreased $2.0 million, or 5.0 percent, to $37.7 million compared to the fourth quarter of fiscal 2014. The decline in revenue is largely attributed to a strong fourth quarter in fiscal 2014 in our Environmental Systems segment. On a sequential basis, revenue in the fourth quarter of fiscal 2015 increased $2.9 million, or 8.4 percent, over the third quarter of fiscal 2015.

Gross... More