Perma-Pipe's Q2 Earnings Soar Y/Y on Strong MENA Demand [Yahoo! Finance]
Perma-Pipe International Holdings, Inc. (PPIH)
US:NASDAQ Investor Relations:
investors.permapipe.com
Company Research
Source: Yahoo! Finance
PPIH reported a significant improvement in its financial performance for the second quarter of 2024. The company's net income attributable to common stock was $3.3 million, translating to earnings per share of 40 cents. This represents a substantial increase when compared to $1 million, or 13 cents per share in the second quarter of 2023. Revenue also saw a positive trend, with net sales amounting to $37.5 million for the quarter, up 7% from $35.1 million in the same period last year. The metric was driven by increased demand across key markets, particularly in the Middle East and North Africa (MENA) region. The $2.4 million year-over-year increase in sales, coupled with improved pricing and volume growth, indicates the effectiveness of PPIH's strategic positioning in these high-demand regions. Perma-Pipe's second-quarter 2024 results demonstrated significant year-over-year improvement in both revenues and profitability, driven by increased sales volumes, margin expansion, and str
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PPIH
News
- Perma-Pipe International Holdings' (NASDAQ:PPIH) Returns On Capital Are Heading Higher [Yahoo! Finance]Yahoo! Finance
- Perma-Pipe International Holdings, Inc. Announces $15 Million in Contract Awards in the Americas and Middle East Regions [Yahoo! Finance]Yahoo! Finance
- Perma-Pipe International Holdings, Inc. Announces $15 Million in Contract Awards in the Americas and Middle East RegionsBusiness Wire
- Individual investors account for 60% of Perma-Pipe International Holdings, Inc.'s (NASDAQ:PPIH) ownership, while institutions account for 29% [Yahoo! Finance]Yahoo! Finance
- Is Now The Time To Put Perma-Pipe International Holdings (NASDAQ:PPIH) On Your Watchlist? [Yahoo! Finance]Yahoo! Finance
PPIH
Sec Filings
- 10/3/24 - Form 4
- 10/3/24 - Form 4
- 10/3/24 - Form 4
- PPIH's page on the SEC website