Profire Energy, Inc., a technology company, provides burner-management systems and solutions for natural and forced draft applications in the United States and Canada. It primarily focuses in the upstream, midstream, and downstream transmission segments of the oil and gas industry. The company assists energy production companies in the production, and transportation of oil and natural gas. It also sells and installs its systems in Europe, South America, Africa, the Middle East, and Asia. The company is based in Lindon, Utah.
IPO Year:
Exchange: NASDAQ
Website: profireenergy.com
ADDISON, Texas, Jan. 09, 2025 (GLOBE NEWSWIRE) -- CECO Environmental Corp. (NASDAQ:CECO) ("CECO"), a leading environmentally focused, diversified industrial company whose solutions protect people, the environment, and industrial equipment, today announced the closing of its acquisition of Profire Energy, Inc., as of January 3, 2025, (formerly NASDAQ:PFIE) ("Profire"), a technology company and industry-leading provider of intelligent control solutions that enhance the efficiency, safety, and reliability of industrial combustion appliances while mitigating potential environmental impacts related to the operation of these devices with its primary operations in Lindon, Utah and Acheson, Albert
ADDISON, Texas, Jan. 02, 2025 (GLOBE NEWSWIRE) -- CECO Environmental Corp. (NASDAQ:CECO) (together with its consolidated subsidiaries and affiliates, "CECO"), a leading environmentally focused, diversified industrial company whose solutions protect people, the environment and industrial equipment, today announced the successful completion of the previously announced tender offer (the "Offer") to acquire all of the issued and outstanding shares (the "Shares") of Profire Energy, Inc. (NASDAQ:PFIE) ("PFIE" or the "Company") at a price per share of $2.55, in cash, without interest and less applicable withholding taxes, by CECO's wholly owned subsidiary, Combustion Merger Sub, Inc. ("Purchaser"
ADDISON, Texas, Dec. 05, 2024 (GLOBE NEWSWIRE) -- CECO Environmental Corp. (NASDAQ:CECO) (together with its consolidated subsidiaries and affiliates, "CECO"), a leading environmentally focused, diversified industrial company whose solutions protect people, the environment and industrial equipment, announced today that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended ("HSR"), applicable to CECO's tender offer for Profire Energy, Inc. (NASDAQ:PFIE) ("PFIE") expired at 11:59 p.m., Eastern Time, on November 15, 2024. The expiration of the HSR waiting period satisfies one of the conditions to consummate the tender offer. Other conditions remain to b
ADDISON, Texas, Dec. 03, 2024 (GLOBE NEWSWIRE) -- CECO Environmental Corp. (NASDAQ:CECO) (together with its consolidated subsidiaries and affiliates, "CECO"), a leading environmentally focused, diversified industrial company whose solutions protect people, the environment and industrial equipment, announced today that its affiliate, Combustion Merger Sub, Inc. ("Purchaser"), commenced the previously announced cash tender offer for all of the issued and outstanding shares of common stock of Profire Energy, Inc. (NASDAQ:PFIE) ("PFIE" or the "Company") at a price of $2.55 per share, net to the seller, in cash, without interest and less applicable withholding taxes. The tender offer is being m
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 mil
Company Produces Record Q3 Bookings and Highest-Ever BacklogQ3 Revenue and Income Impacted by Customer-Driven Project DelaysAnnounced the Acquisition of Profire Energy (NASDAQ:PFIE) for $125 MillionCompleted Acquisition of WK, in Early OctoberUpdates FY24 Guidance and Introduces 2025 Outlook DALLAS, Oct. 29, 2024 (GLOBE NEWSWIRE) -- CECO Environmental Corp. (NASDAQ:CECO) ("CECO"), (the "Company"), a leading environmentally focused, diversified industrial company whose solutions protect people, the environment, and industrial equipment, today reported its financial results for the third quarter of 2024. In addition, CECO, announces it has completed the acquisition of WK
Expands CECO's leadership position in niche energy and industrial markets with expanded environmental solutions for mission critical applicationsProvides cost synergies and enhances Profire's strategic growth by utilizing CECO's established international operations and customer relationshipsCECO to host its Quarterly Earnings call today at 8:30 a.m. ET including further commentary regarding the transaction DALLAS and LINDON, Utah, Oct. 29, 2024 (GLOBE NEWSWIRE) -- CECO Environmental Corp. (NASDAQ:CECO) ("CECO"), a leading environmentally focused, diversified industrial company whose solutions protect people, the environment and industrial equipment, and Profire Energy, Inc. (NAS
LINDON, Utah, Aug. 07, 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 second quarter ending June 30, 2024. A conference call will be held on Thursday, August 8, 2024 at 8:30 a.m. ET to discuss the results. Second Quarter Summary (comparisons to prior-year quarter) Revenue of $15.2 million, compared to $14.6 millionGross profit of $7.9 million, compared to $7.4 millionGross margin increased by 90 basis points to 51.8%Net income of $2.1 million, or $0.04 per dilu
LINDON, Utah, July 24, 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, will hold a conference call on Thursday, August 8, 2024, at 8:30 a.m. ET to discuss results for its 2024 second quarter ended June 30, 2024. Financial results are expected to be filed with the Securities and Exchange Commission and reported in a press release prior to the conference call. Profire Energy Co-CEO and CFO Ryan Oviatt and Co-CEO Cameron Tidball will host the presentation, followed by a question-and-answer period. Date: Thursday, August 8, 2024
LINDON, Utah, May 22, 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 announced the approval of a share buyback program by its Board of Directors. Under this program, Profire Energy is authorized to repurchase up to $2 million of the Company's common stock between now and June 30, 2025. The Company's Board of Directors authorized the repurchase program as a means of opportunistically returning capital to shareholders. Repurchases will be made at Management's discretion and at prices Management considers to be attractiv
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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 mil
Company Produces Record Q3 Bookings and Highest-Ever BacklogQ3 Revenue and Income Impacted by Customer-Driven Project DelaysAnnounced the Acquisition of Profire Energy (NASDAQ:PFIE) for $125 MillionCompleted Acquisition of WK, in Early OctoberUpdates FY24 Guidance and Introduces 2025 Outlook DALLAS, Oct. 29, 2024 (GLOBE NEWSWIRE) -- CECO Environmental Corp. (NASDAQ:CECO) ("CECO"), (the "Company"), a leading environmentally focused, diversified industrial company whose solutions protect people, the environment, and industrial equipment, today reported its financial results for the third quarter of 2024. In addition, CECO, announces it has completed the acquisition of WK
Expands CECO's leadership position in niche energy and industrial markets with expanded environmental solutions for mission critical applicationsProvides cost synergies and enhances Profire's strategic growth by utilizing CECO's established international operations and customer relationshipsCECO to host its Quarterly Earnings call today at 8:30 a.m. ET including further commentary regarding the transaction DALLAS and LINDON, Utah, Oct. 29, 2024 (GLOBE NEWSWIRE) -- CECO Environmental Corp. (NASDAQ:CECO) ("CECO"), a leading environmentally focused, diversified industrial company whose solutions protect people, the environment and industrial equipment, and Profire Energy, Inc. (NAS
LINDON, Utah, Aug. 07, 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 second quarter ending June 30, 2024. A conference call will be held on Thursday, August 8, 2024 at 8:30 a.m. ET to discuss the results. Second Quarter Summary (comparisons to prior-year quarter) Revenue of $15.2 million, compared to $14.6 millionGross profit of $7.9 million, compared to $7.4 millionGross margin increased by 90 basis points to 51.8%Net income of $2.1 million, or $0.04 per dilu
LINDON, Utah, July 24, 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, will hold a conference call on Thursday, August 8, 2024, at 8:30 a.m. ET to discuss results for its 2024 second quarter ended June 30, 2024. Financial results are expected to be filed with the Securities and Exchange Commission and reported in a press release prior to the conference call. Profire Energy Co-CEO and CFO Ryan Oviatt and Co-CEO Cameron Tidball will host the presentation, followed by a question-and-answer period. Date: Thursday, August 8, 2024
LINDON, Utah, May 08, 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 first quarter ending March 31, 2024. A conference call will be held on Thursday, May 9, 2024 at 8:30 a.m. ET to discuss the results. First Quarter Summary (comparisons to prior-year quarter) Revenue of $13.6 million, compared to $14.7 millionGross profit of $6.8 million, compared to $7.8 millionGross margin of 49.5%, compared to 53.3%Net income of $1.4 million, or $0.03 per diluted share, versus $2.6
LINDON, Utah, April 24, 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, will hold a conference call on Thursday, May 9, 2024, at 8:30 a.m. ET to discuss results for its 2024 first quarter ended March 31, 2024. Financial results are expected to be filed with the Securities and Exchange Commission and reported in a press release prior to the conference call. Profire Energy Co-CEO and CFO Ryan Oviatt and Co-CEO Cameron Tidball will host the presentation, followed by a question-and-answer period. Date: Thursday, May 9, 2024
LINDON, Utah, March 13, 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 fourth quarter and full fiscal year ending December 31, 2023. A conference call will be held on Thursday, March 14, 2024, at 8:30 a.m. ET to discuss the results. Full-year Fiscal 2023 Summary Revenue of $58.2 million, a 27% increase from prior yearGross profit of $30.5 million or 52.5% of total revenuesNet income of $10.8 million or $0.22 per diluted shareGenerated EBITDA of $13.2 millionRepurchased 1.2 million
LINDON, Utah, Feb. 28, 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, will hold a conference call on Thursday, March 14, 2024 at 8:30 a.m. ET to discuss results for its 2023 fourth quarter and full fiscal year ended December 31, 2023. Financial results are expected to be filed with the Securities and Exchange Commission and reported in a press release prior to the conference call. Profire Energy Co-CEO and CFO Ryan Oviatt and Co-CEO Cameron Tidball will host the presentation, followed by a question and answer period. D
LINDON, Utah, Nov. 08, 2023 (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, 2023. A conference call will be held on Thursday, November 9, 2023 at 8:30 a.m. ET to discuss the results. Third Quarter Summary (comparisons to prior-year quarter) Revenue of $14.8 million, a 16% increaseGross profit of $7.5 million, a 22% increaseGross margin of 50.4%, a 270-basis point increaseNet income of $2.0 million, or $0.04 per diluted share, versus $1.2 million and $0