Key Developments: PMFG Inc (PMFG.O)
6.38USD
23 May 2013
$0.04 (+0.63%)
$6.34
$6.28
$6.40
$6.28
18,984
46,575
$9.42
$5.45
Latest Key Developments (Source: Significant Developments)
PMFG Inc Receives $4.1 Million Separation/Filtration Systems Order
PMFG Inc announced that it has been awarded a contract with a value of approximately $4.1 million for separation equipment. The equipment is for LNG applications in the Gulf Coast region of the United States. The project consists of multiple units of the Company's proprietary Ultra filter/separators to be used in compressor station protection and liquefaction processes. Full Article
PMFG Inc Secures $2.1 Million Separation Systems Order
PMFG Inc announced that it has been awarded a contract with a value of approximately $2.1 million for separation equipment. The order is for multiple sets of separation equipment designed to improve the efficiency and output of a gas processing facility located in southeastern Mexico. The order will require fabrication in one of the Company's domestic facilities, as well as at a sub-contractors facility within Mexico to meet the projects objectives. Full Article
PMFG Inc Secures $3.9 Million In Separation Systems Orders
PMFG Inc announced that it has been awarded contracts on two projects with an aggregate value of approximately $3.9 million for separation equipment. Both contracts will be managed through the Company's subsidiaries located in Europe. The Company anticipates that the majority of the revenue from these two orders will be recognized in the first half of fiscal year 2014. Full Article
PMFG Inc Lowers FY 2013 Revenue Guidance
PMFG Inc announced that due to customer driven delays of projects in backlog, as well as lengthening sales cycles, the Company has reduced its revenue guidance for fiscal 2013 to be roughly flat in comparison to fiscal 2012. The Company reported revenue of $135.3 million in fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $150.9 million for fiscal 2013. Full Article
PMFG Inc Secures Three New Environmental Systems Orders With Combined Value of Approximately $7.5 Million
PMFG Inc announced that it has been awarded contracts with a combined value of approximately $7.5 million for Selective Catalytic Reduction ("SCR") systems for three natural gas-fired power plants located in the United States. The first order is for the design and supply of three SCR systems to be installed at a new 1300-megawatt domestic, combined-cycle power-generation plant being built in the central Atlantic region of the United States. SCR systems are utilized to reduce Nitrogen Oxide ("NOx") emissions from the exhaust of the combustion turbine. The equipment is scheduled to be delivered in the spring of 2014, with catalyst delivery in mid-year 2015. The second and third orders are aftermarket sales of SCR equipment, including new catalysts at a combined-cycle power plant in Texas and a simple-cycle catalyst in Southern California. Both of these aftermarket projects are scheduled to be delivered mid-summer of 2013. Full Article
PMFG Inc Secures Separation Equipment Orders
PMFG Inc announced that it was awarded two separation equipment orders with an aggregate value in excess of $5 million. The first order is for steam separators to be installed at a nuclear power plant in the United States, with delivery expected in late calendar 2013. These units will be manufactured at PMFG's plant in Denton, Texas. These steam separators are replacement units for a BWR reactor as part of the plant's relicensing process. Only the portion of this award that has been released by the customer will be included in backlog at the end of December. The second order is for production separators for a South American natural gas project, with delivery expected in late summer of calendar 2013. The Company will fabricate the equipment in the United States. Full Article
PMFG Inc Receives $1.9 Million in Separation Systems Orders
PMFG Inc announced it was awarded two orders for separation equipment totaling $1.9 million. The first sales order is for steam separators to be installed at a nuclear power project in China. These units will be manufactured at the facility in Zhenjiang, China, with delivery scheduled for fall 2013. The second sales order relates to the previously announced contract award by the U.S. Navy's Naval Surface Warfare Center, Carderock Division (NSWCCD) to provide the air inlet moisture separation/filtration systems to replace the existing systems on the Arleigh Burke (DDG 51) class. The five-year, multiple-award, indefinite delivery, indefinite quantity firm-fixed-price contract could have a potential value of approximately $13.7 million, if all options are exercised. Delivery will be within 9 to 11 months from the receipt of the sales order. Full Article
PMFG Inc Secures Environmental Systems Order For SCR Retrofit Project Valued In Excess Of $2 Million
PMFG Inc announced that it was awarded an order for environmental emissions-control equipment valued in excess of $2 million. The order is for Selective Catalytic Reduction (SCR) systems to be installed in U.S. based industrial boilers. The scope of work is on a turn-key supply basis, which includes all engineering, procurement and site construction of the pollution-control system. Completion of the site construction is anticipated to occur in mid-summer of 2013. Full Article
PMFG Inc Secures Process Products Equipment Orders With Combined Value Of $3.3 Million
PMFG Inc announced that it was awarded two new orders for two oil production projects with a combined value of approximately $3.3 million. The equipment for both orders is part of the Company's Pressure Products offering. Both Projects have a completion date in the second quarter of fiscal year 2014. The Pressure Products orders are for the installation of three High Pressure Steam Separators at two major Steam Assisted Gravity Drainage (SAGD) sites located in Alberta, Canada. SAGD is an enhanced oil recovery technology for producing heavy crude oil and bitumen. Full Article
PMFG Inc Issues FY 2013 Revenue Guidance Below Analysts' Estimates
PMFG Inc announced that it expects consolidated revenue for fiscal 2013 to increase 13% to 18% over fiscal 2012 with the Process Products segment driving the growth. The Company reported revenue of $135.3 million in fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $166 million for fiscal 2013. Full Article
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