Perma-Pipe International Holdings, Inc. Financial Results

Second Quarter and Fiscal Year-to-Date Period Ended October 31, 2024

Perma-Pipe International Holdings, Inc. (NASDAQ: PPIH) announced today financial results for the second quarter and fiscal year-to-date period ended October 31, 2024. Net sales for the third quarter were $41.6 million, a decrease of $4.1 million compared to the same quarter last year. Net income attributable to common stock of $2.5 million was an increase of $0.5 million, or 29%, compared to $1.9 million in the third quarter of 2023.

For the nine months ended October 31, 2024, the company reported solid financial performance despite the decrease in net sales. Perma-Pipe International Holdings, Inc. remains focused on driving growth and profitability in the ever-changing market landscape.

Impact on Your Business

As a business owner, it is important to stay informed about the financial performance of key industry players like Perma-Pipe International Holdings, Inc. Understanding their financial results can provide valuable insights into market trends and potential opportunities for collaboration or competition.

Impact on the World

The financial results of Perma-Pipe International Holdings, Inc. may also have broader implications for the global economy. As a publicly traded company, their performance can influence investor confidence and market sentiment, potentially impacting various industries and markets worldwide.

Conclusion

Perma-Pipe International Holdings, Inc. continues to demonstrate resilience and adaptability in the face of economic challenges. Their financial results for the second quarter and fiscal year-to-date period ended October 31, 2024, highlight their commitment to sustainable growth and profitability. As businesses and individuals, it is essential to monitor and analyze such financial data to make informed decisions and stay competitive in a dynamic market environment.