earnings
confidence high
sentiment positive
materiality 0.75
Perma-Pipe Q3 net sales $35.2M (+73% YoY); net income $0.5M vs loss $2.9M
Perma-Pipe International Holdings, Inc.
2021-Q3 EPS reported
$0.36
revenue$99,426,000
- Net sales $35.2M in Q3, up 73% from $20.3M YoY; net income $0.5M vs loss $2.9M.
- Backlog $54.4M as of Oct 31, up from $52.6M at Jan 31, 2021.
- Renewed $18M North American credit facility for 5 years; Board authorized $3M share buyback.
- Year-to-date net sales $99.4M (+57% YoY); net income $3.1M vs loss $5.1M.
- Pre-tax income from operations $1.5M in Q3 vs loss $2.9M; gross margin improved to 22% from 14%.