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Stock Market & Financial Investment News

News Breaks
February 7, 2013
06:36 EDTPMFGPMFG, Inc. cuts FY13 revenue to be roughly flat in comparison to FY12
FY13 revenue consensus $150.92M. The company cites customer driven delays of projects in backlog as well as lengthening sales cycles for the updated revenue guidance.
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July 28, 2014
07:40 EDTPMFGPMFG, Inc. awarded $4.5M SCR systems order
PMFG, Inc. announced that it has been awarded a contract for multiple SCR systems to be installed on new fired heaters that are part of an olefins plant in Texas. The value of the award exceeds $4.5M. The project is scheduled for completion by late summer 2015. The two key olefins that are commonly produced are ethylene and propylene, which form the backbone of the petrochemicals market. Propylene, in particular, serves as the base for a number of products including plastics, automotive parts and synthetic fibers for clothing. Rising production of propane from U.S. shale formations are having a positive impact on the supply of propylene.

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