Profire Energy Hits Record Financial Highs in 2023
Company Announcements

Profire Energy Hits Record Financial Highs in 2023

Profire Energy (PFIE) has released an update.

Profire Energy achieved historic financial results in 2023, with a 27% increase in yearly revenue to $58.2 million, a significant rise in net income to $10.8 million, and a record EBITDA of $13.2 million, all while remaining debt-free and repurchasing $2 million worth of stock. The company also reported a strong fourth quarter, with a 19% increase in gross profit and improved gross margins. These milestones underscore Profire’s commitment to growth and shareholder value.

For further insights into PFIE stock, check out TipRanks’ Stock Analysis page.

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