Dec. 12 at 2:18 PM
$PPIH v good numbers Perma-Pipe International reports Q3 EPS 77c vs. 31c last year 09:03 PPIH Reports Q3 revenue
$61.15M vs.
$41.46M last year. Reports backlog of
$148.9M at October 31. "For the three months ended October 31, 2025, net sales were
$61.1 million, an increase of
$19.5 million, or 46.9%, compared to
$41.6 million in the same quarter of the prior year. Growth was driven by higher sales volumes in both the Middle East and North America. Gross profit was
$21.0 million, up
$6.9 million from
$14.1 million last year, reflecting higher activity levels. Selling, general and administrative expenses increased to
$8.3 million from
$7.3 million, primarily due to higher payroll and professional fees, including approximately
$0.5 million relating to Sarbanes-Oxley 404 compliance in connection with our transition from a small reporting company to an accelerated filer.
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