Perma-Pipe reports Q3 net sales $37.9M, income before tax $2.9M, backlog $47M

Perma-Pipe International Holdings, Inc.

2023-Q3 EPS reported $0.33 revenue$106,128,000

Net sales $37.9M (+$2.7M YoY); income before tax $2.9M vs $1.5M in Q3 2021.
Recorded $0.9M non-cash pre-tax charge from pension plan termination.
Backlog $47.0M at Oct 31, 2022, up from $39.3M at Jan 31, 2022 (+$7.7M).
Year-to-date pre-tax earnings up 45% excluding non-recurring items.
Strong oil & gas demand in Canada and growth in district heating/cooling market.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Perma-Pipe International Holdings, Inc. reported third quarter ended October 31, 2022 results: revenue $37.9 million.

Period: third quarter ended October 31, 2022
Revenue: $37.9 million
Result: reported results

Exact text from the filing

Perma-Pipe International Holdings, Inc. (NASDAQ: PPIH) announced today financial results for the third quarter ended October 31, 2022 . "Revenues for the third quarter were $37.9 million, an increase of $2.7 million versus the same quarter last year. The resulting income from operations of $2.9 million was also an increase from the $1.5 million earned in the same quarter of 2021, despite a $0.9 million non-cash pre-tax charge in the current quarter resulting from a pension plan termination," noted President and CEO David Mansfield.

View on SEC.gov

51 earnings releases filed in the last 30 days. Browse all earnings releases →

Perma-Pipe International Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-22-028515

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.