Profire Energy, Inc. (PFIE): History, Ownership, Mission, How It Works & Makes Money

Ever wondered about the companies ensuring safety and efficiency in the oil and gas industry? Let's dive into Profire Energy Inc. (PFIE), a company specializing in combustion management technologies. Though recently acquired by CECO Environmental Corp. in a deal finalized in January 2025 for approximately $118 million, Profire Energy made significant strides with a 69.33% return over the past six months and trading near its 52-week high of $2.56 before the merger completion. Keep reading to explore its history, ownership structure, mission, and how it operated and generated revenue.

Profire Energy, Inc. (PFIE) History

Profire Energy, Inc. Founding Timeline

Year established

Profire Energy was established in 2002.

Original location

The company was originally located in Lindon, Utah.

Founding team members

Brent Hatch, who served as the company's CEO, was a key member of the founding team.

Initial capital/funding

Information regarding the initial capital or funding for Profire Energy is not readily available in the provided search results.

Profire Energy, Inc. Evolution Milestones

Profire Energy, Inc. Transformative Moments

Profire Energy has undergone several transformative moments that have shaped its trajectory:

• Going Public (2011): The IPO marked a significant turning point, providing the company with the financial resources to invest in growth and innovation.
• Strategic Acquisitions: Acquisitions, such as Mill Creek Environmental in 2014, have allowed Profire Energy to diversify its offerings and expand its market reach.
• Navigating Market Downturns: The company's ability to adapt and implement strategic initiatives during challenging periods, such as the 2020 pandemic and oil price war, has been crucial to its long-term sustainability.
• Focus on Innovation: Continuous development and launch of new products have enabled Profire Energy to stay competitive and meet evolving customer needs.

Learn more about Profire Energy's investors: Exploring Profire Energy, Inc. (PFIE) Investor Profile: Who’s Buying and Why?

Profire Energy, Inc. (PFIE) Ownership Structure

The ownership structure of Profire Energy, Inc. includes a mix of institutional, retail, and insider holdings, influencing the company's governance and strategic direction.

Profire Energy, Inc.'s Current Status

Profire Energy, Inc. is a publicly traded company, listed on the NASDAQ under the ticker symbol PFIE. As a publicly-held entity, it is subject to regulatory oversight and reporting requirements, and its shares are available for purchase by investors on the open market.

Profire Energy, Inc.'s Ownership Breakdown

Below is a table summarizing the ownership breakdown of Profire Energy, Inc. as of the latest available data:

Profire Energy, Inc.'s Leadership

The leadership team guides Profire Energy, Inc.'s strategic direction and operational execution. Key figures include:

• Ryan O’Neal: Chief Executive Officer
• Cameron Gray: Chief Financial Officer

For insights into the company's guiding principles, explore Mission Statement, Vision, & Core Values of Profire Energy, Inc. (PFIE).

Profire Energy, Inc. (PFIE) Mission and Values

Profire Energy aims to enhance its customers' operations by delivering advanced combustion and chemical management solutions. The company is guided by a set of core values that emphasize innovation, customer satisfaction, and operational excellence.

Profire Energy, Inc.'s Core Purpose

Official mission statement

Profire Energy's mission statement is: 'To be recognized as the global leader in combustion and chemical management solutions, providing exceptional value to our customers through innovative technology, superior service, and a commitment to safety and environmental stewardship.'

• Providing exceptional value to its customers.
• Offering innovative technology.
• Delivering superior service.
• Maintaining a commitment to safety.
• Upholding environmental stewardship.

Vision statement

While a specific formal vision statement may not be publicly highlighted, Profire Energy's actions and strategic goals suggest a vision focused on:

• Expanding its global presence in combustion and chemical management.
• Leading the industry through continuous innovation and technological advancement.
• Creating sustainable solutions that benefit both the company and the environment.

Company slogan/tagline

Profire Energy’s current official tagline is not explicitly publicized, but their focus suggests themes like:

• Enhancing operational efficiency and safety.
• Delivering innovative and reliable solutions.
• Committing to environmental responsibility.

To delve deeper into Profire Energy, Inc.'s financial standing, explore Breaking Down Profire Energy, Inc. (PFIE) Financial Health: Key Insights for Investors.

Profire Energy, Inc. (PFIE) How It Works

Profire Energy, Inc. provides combustion management solutions and services for the oil and gas industry, focusing on enhancing the safety, efficiency, and regulatory compliance of thermal processes.

Profire Energy, Inc.'s Product/Service Portfolio

Profire Energy, Inc.'s Operational Framework

Profire Energy operates through a framework centered on innovation, customer service, and operational efficiency.

• Product Development: The company invests in research and development to create advanced combustion and chemical management solutions tailored to the evolving needs of the oil and gas industry.
• Manufacturing and Assembly: Profire Energy manufactures and assembles its products in-house, ensuring quality control and efficient production.
• Sales and Marketing: A direct sales force and strategic partnerships drive market penetration and customer acquisition.
• Installation and Support: Profire Energy provides comprehensive installation services and ongoing technical support to ensure customer satisfaction and system performance.
• Data Analytics: The company leverages data analytics to monitor system performance, identify optimization opportunities, and provide valuable insights to customers.

Profire Energy, Inc.'s Strategic Advantages

Profire Energy's success in the market is underpinned by several strategic advantages:

• Technological Innovation: A commitment to developing cutting-edge solutions that address the industry's most pressing challenges.
• Regulatory Compliance: Products and services designed to help customers meet increasingly stringent environmental regulations.
• Customer Focus: A strong emphasis on building long-term relationships and providing exceptional service.
• Operational Efficiency: Streamlined operations and cost-effective solutions that deliver value to customers.
• Scalability: A business model that can adapt to changing market conditions and accommodate future growth.

Learn more about the company's investors and their perspectives: Exploring Profire Energy, Inc. (PFIE) Investor Profile: Who’s Buying and Why?

Profire Energy, Inc. (PFIE) How It Makes Money

Profire Energy, Inc. specializes in providing combustion management solutions for the oil and gas industry. These solutions enhance the safety, efficiency, and regulatory compliance of thermal processes.

Profire Energy, Inc.'s Revenue Breakdown

While specific percentage breakdowns for revenue streams are not available, Profire Energy, Inc.'s revenue is generally derived from two primary sources:

Profire Energy, Inc.'s Business Economics

Profire Energy, Inc.'s business economics are influenced by several factors:

• Pricing Strategy: Profire Energy, Inc. likely employs a value-based pricing strategy, where prices are set based on the value that their solutions provide to customers, such as increased safety, improved efficiency, and reduced emissions.
• Market Demand: The demand for Profire Energy, Inc.'s products and services is closely tied to the activity levels in the oil and gas industry. Increased drilling and production activity typically leads to higher demand for their combustion management solutions.
• Technological Innovation: Continuous innovation in combustion technology and automation helps Profire Energy, Inc. maintain a competitive edge. Their ability to offer advanced solutions that meet evolving industry needs is crucial for sustained growth.
• Regulatory Environment: Stringent environmental regulations drive demand for Profire Energy, Inc.'s solutions, as companies seek to comply with emission standards and improve operational safety.

To gain more insights into the company's values, check this link: Mission Statement, Vision, & Core Values of Profire Energy, Inc. (PFIE).

Profire Energy, Inc.'s Financial Performance

Key aspects of Profire Energy, Inc.'s financial performance include:

• Revenue Growth: In the fiscal year 2024, Profire Energy, Inc. reported revenue of $47.1 million, which represents a 24% increase compared to the $38.1 million reported in the fiscal year 2023.
• Gross Profit: The gross profit for the fiscal year 2024 was $21.9 million, or 46% of revenue, compared to $16.3 million, or 43% of revenue, for the fiscal year 2023.
• Net Income: For the fiscal year 2024, Profire Energy, Inc. achieved a net income of $3.5 million, a significant improvement from the net loss of $0.8 million in the fiscal year 2023.
• Cash and Cash Equivalents: As of December 31, 2024, Profire Energy, Inc. had $17.4 million in cash and cash equivalents, demonstrating a strong liquidity position.

Profire Energy, Inc. (PFIE) Market Position & Future Outlook

Profire Energy is strategically positioned to capitalize on the growing demand for chemical management solutions and burner management systems within the oil and gas industry. With a focus on innovation and customer satisfaction, the company aims to expand its market share and enhance its profitability through strategic initiatives and technological advancements. You can explore more about their guiding principles at Mission Statement, Vision, & Core Values of Profire Energy, Inc. (PFIE).

Competitive Landscape

Opportunities & Challenges

Industry Position

• Profire Energy holds a significant position in the niche market of chemical management solutions and burner management systems for the oil and gas industry.
• The company's focus on innovation and customer service has helped it build a loyal customer base.
• Profire Energy is well-positioned to benefit from the increasing demand for automation and optimization solutions in the oil and gas sector.
• The company's financial performance is closely tied to the cyclical nature of the oil and gas industry.