Perma-Pipe Q1 net sales down 5% to $29.7M; backlog jumps 54% to $59.4M

Perma-Pipe International Holdings, Inc.

2023-Q1 EPS reported -$0.14 revenue$29,657,000

Net sales $29.7M vs $31.2M in Q1 2022; net loss $1.1M vs $0.9M.
Backlog $59.4M at April 30, up 54% from $38.5M at Jan 31, driven by new awards in MENA and North America.
Gross profit $6.8M (23% margin) comparable to prior year; G&A down 4% to $5.5M.
ETR -207.7% due to inability to recognize US tax losses; net loss after tax disproportionate.

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 first quarter ended April 30, 2023 results: revenue $29.7 million, net income $(1.1) million.

Period: first quarter ended April 30, 2023
Revenue: $29.7 million
Net income: $(1.1) million
Result: reported results

Exact text from the filing

Net sales were $29.7 million and $31.2 million in the three months ended April 30, 2023 and 2022, respectively.

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Source: SEC EDGAR

accession 0001437749-23-017355

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