"A year ago we announced a significant booking for natural gas skids in Latin America. The customer is re-evaluating the size, throughput, and construction approach to its facility, which has resulted in a delay in our realization of revenue from this project. While we expect the project to move forward, it now appears that we will not recognize significant project revenue until fiscal 2014."Our quote activity in both reporting segments remains strong in most regions and we believe we are well positioned to benefit from an improvement in the global demand for energy infrastructure. However, given the current global economic environment, we expect to continue to see delays in capital expenditures throughout the balance of 2013."
PMFG, Inc. (Parent Of Peerless Mfg. Co.) Reports Second Quarter Fiscal Year 2013 Financial Results
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