preloader icon

Apex Trader Funding (ATF) - News

Perma-Pipe's Q1 Earnings Surge Y/Y on Strong Sales

Perma-Pipe International Holdings Inc. (NASDAQ: PPIH) reported a first-quarter fiscal 2024 earnings per share of 18 cents, a significant turnaround from a loss of 14 cents per share in the first quarter of 2023. Net sales for the quarter increased 15% year over year, reaching $34.3 million compared to $29.7 million in the prior-year quarter. The company's revenue growth was primarily driven by increased sales volumes in the Middle East and India. This expansion reflects its ability to capitalize on infrastructure spending in these regions. Perma-Pipe exhibited strong financial performance in the first quarter of fiscal 2024, driven by increased sales in key international markets and improved operational efficiency. With a robust backlog and strategic market expansions, the company is well-positioned to build on this positive momentum in the upcoming quarters. Perma-Pipe International Holdings, Inc. Price, Consensus and EPS Surprise Perma-Pipe International Holdings, Inc. ...