Last $6.85 USD
Change Today -0.10 / -1.44%
Volume 9.1K
MFRI On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GM
As of 8:10 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

mfri inc (MFRI) Snapshot

Open
$7.30
Previous Close
$6.95
Day High
$7.30
Day Low
$6.62
52 Week High
03/19/14 - $17.44
52 Week Low
12/17/14 - $5.46
Market Cap
49.9M
Average Volume 10 Days
24.8K
EPS TTM
$0.60
Shares Outstanding
7.3M
EX-Date
--
P/E TM
11.4x
Dividend
--
Dividend Yield
--
Current Stock Chart for MFRI INC (MFRI)

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mfri inc (MFRI) Details

MFRI, Inc., together with its subsidiaries, manufactures and sells piping systems and filtration products. The company’s Piping Systems segment engineers, designs, manufactures, and sells specialty piping leak detection and location systems. This segment’s piping systems include industrial and secondary containment piping systems for transporting chemicals, hazardous fluids, and petroleum products; insulated and jacketed district heating and cooling piping systems; and oil and gas gathering flow and long lines for oil and mineral transportation. MFRI, Inc.’s Filtration Products segment manufactures and sells various filter elements for cartridge collectors and baghouse air filtration and particulate collection systems; markets air filtration related products and accessories; and provides maintenance services comprising dust collector inspection, filter cleaning, and filter replacement. This segment’s products and services are used in utility and industrial coal-fired boilers; incinerators and cogeneration plants; and the production of metals, cement, chemicals, and other industrial products. The company sells its products primarily in the United States, the Middle East, Europe, Canada, India, and other Americas. MFRI, Inc. was founded in 1989 and is headquartered in Niles, Illinois.

1,013 Employees
Last Reported Date: 04/15/14
Founded in 1989

mfri inc (MFRI) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $550.0K
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $350.0K
Vice President, President of Perma Pipe Inc a...
Total Annual Compensation: $223.1K
Compensation as of Fiscal Year 2013.

mfri inc (MFRI) Key Developments

MFRI, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended October 31, 2014

MFRI, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended October 31, 2014. For the quarter, the company reported net sales of $43,819,000 against $57,967,000 a year ago. Loss from operations was $1,236,000 against income from operations of $6,787,000 a year ago. Loss from continuing operations before income taxes was $626,000 against income from continuing operations before income taxes of $7,226,000 a year ago. Loss from continuing operations was $637,000 or $0.09 per share diluted against income from continuing operations of $7,162,000 or $1.00 per share diluted a year ago. Net loss was $372,000 or $0.05 per share diluted against net income of $7,388,000 or $1.03 per share diluted a year ago. The decrease in net profit was due to the lower sales volume and gross profit in Piping Systems. For the nine months, the company reported net sales of $156,713,000 against $173,460,000 a year ago. Income from operations was $6,268,000 against $14,093,000 a year ago. Income from continuing operations before income taxes was $6,589,000 against $13,259,000 a year ago. Income from continuing operations was $5,036,000 or $0.69 per share diluted against $13,358,000 or $1.90 per share diluted a year ago. Net income was $4,819,000 or $0.66 per share diluted against $22,868,000 or $3.25 per share diluted a year ago. Net cash provided by operating activities was $5,067,000 against net cash used in operating activities of $11,330,000 a year ago. Capital expenditures, other investing activities were $4,200,000 against $1,809,000 a year ago. The decrease in Net Sales were attributed to lower global and domestic volume.

MFRI, Inc. Enters Loan Agreement with BMO Harris Bank, N.A

On September 24, 2014, MFRI, Inc. entered into a Credit and Security Agreement by and among BMO Harris Bank, N.A., the Registrant, and its subsidiaries Midwesco Filter Resources, Inc., Perma-Pipe, Inc., TC Niles Corporation, TDC Filter Manufacturing, Inc., MM Niles Corporation, and Perma-Pipe Canada, Inc. Under the terms of the Credit Agreement, which matures on September 24, 2019, the company can borrow up to $25,000,000, subject to borrowing base availability from secured domestic assets and other requirements, under a revolving line of credit. Interest rates vary based on the average availability in the preceding fiscal quarter and are: (a) a margin in effect plus a base rate, if below certain availability limits; or (b) a margin in effect plus the Eurodollar rate for the corresponding interest period. Upon execution of the Credit Agreement, the base rate was 3.25% and the margins added to the base rate and the Eurodollar rate were 0.0% and 1.50% respectively. The fee for any undrawn amount under the Credit Agreement is 0.2% per annum. The company borrowed $16,167,702 under the revolving line of credit on September 24, 2014. The Credit Agreement replaces a secured loan agreement with a bank originally signed July 11, 2002, as amended, which had provided a revolving line of credit up to $25,000,000. The outstanding amount under the Prior Loan Agreement was paid off in full. The company believes that the new Credit Agreement will provide it with lower overall costs and improved flexibility for investments in and loans to foreign subsidiaries.

MFRI, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended July 31, 2014

MFRI, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended July 31, 2014. For the quarter, the company reported net sales of $53,370,000 compared to $60,802,000 a year ago. Income from operations was $1,795,000 compared to $4,770,000 a year ago. Income from continuing operations before income taxes was $1,751,000 compared to $4,213,000 a year ago. Income from continuing operations was $1,475,000 compared to $4,481,000 a year ago. Net income was $1,364,000 compared to $4,396,000 a year ago. Basic and diluted earnings per share from continuing operations were $0.20 compared to $0.63 diluted earnings per share a year ago. Earnings per diluted share were $0.18 compared to $0.62 a year ago. For the six months, the company reported net sales of $112,894,000 compared to $115,493,000 a year ago. Income from operations was $7,504,000 compared to $7,303,000 a year ago. Income from continuing operations before income taxes was $7,215,000 compared to $6,030,000 a year ago. Income from continuing operations was $5,673,000 compared to $6,193,000 a year ago. Net income was $5,191,000 compared to $15,477,000 a year ago. Diluted earnings per share from continuing operations were $0.77 compared to $0.89 a year ago. Earnings per diluted share were $0.71 compared to $2.22 a year ago. Net cash used in operating activities was $2,764,000 compared to $12,349,000 a year ago. Capital expenditures, other investing activities amounted to $2,351,000 compared to $939,000 a year ago.

 

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Industry Analysis

MFRI

Industry Average

Valuation MFRI Industry Range
Price/Earnings 11.2x
Price/Sales 0.2x
Price/Book 0.6x
Price/Cash Flow 16.8x
TEV/Sales 0.0x
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