PPIH stock soared 46% due to strong Q1 earnings and solid MENA growth.

From Zacks Investment Research: 2025-06-19 14:20:00

Perma-Pipe International Holdings, Inc. (PPIH) saw a 45.5% surge in shares following strong earnings for the quarter ended April 30, 2025, outpacing the S&P 500 which fell by 1%. Earnings per share rose to 61 cents from 18 cents, with net sales increasing by 36.2% to $46.7 million and net income soaring by 243% to $5 million. Operational gains were driven by increased sales volumes in the Middle East and North America, with gross profit expanding to $16.7 million. President and CEO Saleh Sagr noted record momentum and strong competitive positioning.

Improved financial results for Perma-Pipe were due to increased project volumes and effective execution strategies, resulting in higher margins. Management anticipates a bullish outlook for the remainder of fiscal 2025 with a strong sales pipeline and sustained market activity. Backlog as of April 30, 2025, at $131.1 million, signals robust demand and supports optimism about near-term business prospects.



Read more at Zacks Investment Research: PPIH Stock Soars 46% as Q1 Earnings Rise Y/Y on Solid MENA Growth – June 19, 2025