Perma-Pipe International Holdings, Inc. released its financial results for the second quarter of fiscal year 2025, showcasing positive growth in net sales and income before income taxes.
The company reported net sales of $47.9 million for the quarter and $94.6 million year-to-date, with a backlog of $157.8 million as of July 31, 2025.
President and CEO Saleh Sagr highlighted the growth driven by higher sales volumes in the Middle East and North America, along with increased activity levels and strategic investments in new facilities.
Net Sales Growth
Net sales increased by 27.7% to $47.9 million for the quarter, driven by higher sales volumes in key regions.
Backlog Increase
Backlog rose to $157.8 million, indicating strong demand and growth prospects for future periods.
Strategic Alternatives
The company is exploring value creation alternatives, including potential division sales or a sale of the entire company to maximize shareholder value.
- The financial results reflect a positive trend in sales growth and income, demonstrating the company's operational effectiveness.
- The strategic review for value creation emphasizes the commitment to enhancing shareholder value and aligning the market valuation with the company's potential.
Perma-Pipe International Holdings, Inc. remains optimistic about its growth prospects, leveraging momentum in core markets and strategic investments to drive profitability and competitive strength. The initiation of exploring strategic alternatives underscores the commitment to maximizing shareholder value.