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Stock impact report

Profire Energy Reports Financial Results for Third Quarter 2024

Profire Energy, Inc. (PFIE) 
Last profire energy, inc. earnings: 3/11 04:20 pm Check Earnings Report
US:NASDAQ Investor Relations: profireenergy.com/company/investors.html
Company Research Source: GlobeNewswire
LINDON, Utah, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Profire Energy, Inc. (NASDAQ: PFIE), a technology company (the "Company") that provides solutions which enhance the efficiency, safety, and reliability of industrial combustion appliances, today reported financial results for its third quarter ending September 30, 2024. Third Quarter Summary (comparisons to prior-year quarter) Revenue of $17.2 million, compared to $14.9 millionGross profit of $8.3 million, compared to $7.5 millionGross margin of 48.2%, compared to 50.0%Net income of $2.2 million, or $0.04 per diluted share, versus $2.0 million and $0.04Generated EBITDA of $3.1 million, versus $2.9 millionCash and investments of $16.9 million with no debt Pending Acquisition and Conference Call Update On October 29, 2024, Profire Energy announced it agreed to be acquired by CECO Environmental in an all cash transaction for $2.55 a share. The transaction is anticipated to close in Q1 2025. As a result of the pending transa Show less Read more
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