Perma-Pipe Q2 net sales surge 95% to $39.8M; net income rises to $3.4M from $0.3M

Perma-Pipe International Holdings, Inc.

2021-Q2 EPS reported $0.31 revenue$64,227,000

Net sales $39.8M (Q2 2021) vs $20.4M in Q2 2020; pre-tax income $4.3M vs $0.2M.
Net income $3.4M ($0.81 diluted EPS) vs $0.3M in prior-year quarter; backlog $53.2M.
North America and Middle East sales recovered from COVID-19; new UAE product line contributed.
Sale-leaseback of Tennessee facility in April 2021 provided liquidity for growth plans.
Year-to-date net sales $64.2M (+49%); net income $2.6M vs net loss of $2.3M in prior period.

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