PMFG, Inc. (PMFG) posted second-quarter net loss applicable to the company's common stockholders of $6.2 million or $0.47 per share compared with a net income of $494 thousand or $0.04 per share in the prior year period.
On a non-GAAP basis, net loss applicable to common stockholders was $421 thousand or $0.03 per share compared with a net income of $1.4 million or $0.11 per share in the previous year period. On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.02 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues for the quarter decreased to $24.5 million from $39.1 million in the year-ago period. Analysts expected revenues of $26.31 million for the quarter.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.