Peerless Mfg. Co. Reports 3Q FY 2008 Financials
May 9, 2008
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Peerless Mfg. Co. reported financial results for the three and nine months ended March 31, 2008. Revenues for the three months ended March 31, 2008 were $32.5 million, an increase of $12.3 million, or 60.7%, compared to revenues of $20.2 million for the same period last year. The company recorded net earnings of $2.8 million or $0.43 per diluted share in the current quarter, compared to net earnings of $982,000 or $0.15 per diluted share for the three months ended March 31, 2007.

Separation/Filtration Systems segment revenues for the three months ended March 31, 2008 were $17.3 million, an increase of $6.0 million, or 52.9%, compared to revenues of $11.3 million for the three months ended March 31, 2007. For the current quarter, the Separation/Filtration Systems segment operating income was $3.5 million, an increase of $1.7 million, compared to an operating income of $1.8 million for the three months ended March 31, 2007.

Environmental Systems segment revenues for the three months ended March 31, 2008 were $15.1 million, an increase of $6.3 million, or 70.8%, compared to revenues of $8.8 million for the three months ended March 31, 2007. The Environmental Systems segment operating income in the quarter was $2.5 million, an increase of $1.0 million, compared to an operating income of $1.5 million for the three months ended March 31, 2007.

 

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