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.