Perma-Pipe International Holdings, Inc. reported net sales of $61.1 million for the quarter and $155.8 million year-to-date.
The company achieved income before income taxes of $10.9 million for the quarter and $21.1 million year-to-date.
Perma-Pipe International Holdings, Inc. disclosed GAAP diluted earnings per share of $0.77 for the quarter and $1.49 year-to-date.
Revenue Growth
Net sales increased by 46.9% to $61.1 million for the quarter compared to the same quarter in the prior year.
Profit Increase
Gross profit rose to $21.0 million for the quarter, reflecting higher activity levels and improved performance.
Backlog Expansion
The backlog reached $148.9 million as of October 31, 2025, showcasing a 7.8% increase compared to January 31, 2025.
Operational Efficiency
Year-to-date net income attributable to common stock was $12.1 million, indicating a 34.4% increase over the previous fiscal year.
- The financial results demonstrate substantial growth in sales volumes in the Middle East and North America.
- Increased activity levels led to a significant rise in gross profit for the quarter, signaling operational improvements.
- The company's effective tax rate of 27% and 29% for the quarter and year-to-date, respectively, contributed to enhanced profitability and net income.
- The backlog expansion of 7.8% showcases sustained demand for Perma-Pipe International Holdings, Inc.'s solutions, indicating a positive outlook for future revenue.
Perma-Pipe International Holdings, Inc. continues to exhibit strong financial performance, with notable revenue growth, profit increases, and backlog expansion. The company's operational efficiency and sustained demand for its solutions bode well for future success.