Company Reports Q3 Revenue of $61.15M, Up 46.9% Year-over-Year
Reports Q3 revenue $61.15M vs. $41.46M last year. Reports backlog of $148.9M at October 31. "For the three months ended October 31, 2025, net sales were $61.1 million, an increase of $19.5 million, or 46.9%, compared to $41.6 million in the same quarter of the prior year. Growth was driven by higher sales volumes in both the Middle East and North America. Gross profit was $21.0 million, up $6.9 million from $14.1 million last year, reflecting higher activity levels. Selling, general and administrative expenses increased to $8.3 million from $7.3 million, primarily due to higher payroll and professional fees, including approximately $0.5 million relating to Sarbanes-Oxley 404 compliance in connection with our transition from a small reporting company to an accelerated filer. The Company's effective tax rate was 27%, compared to 32% in the prior-year quarter, reflecting the impact of product mix in various tax jurisdictions. As a result, net income attributable to common stock was $6.3 million, an increase of $3.8 million, or 152.0%, compared to $2.5 million in the third quarter of fiscal 2024," noted president and CEO Saleh Sagr.
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Daily Upgrade Report for Validea Motley Fool Strategy - December 20, 2025
Validea's Small-Cap Growth Investor Model: Today's upgrades include Perma-Pipe International Holdings Inc (PPIH), which saw its rating increase from 69% to 76% based on strong fundamentals and valuation, indicating growing interest in the stock.
Company Overview - Perma-Pipe International Holdings Inc: The company specializes in pre-insulated piping and leak detection systems for various applications, operating in 14 locations across six countries.
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Perma-Pipe Reports 46.9% Increase in Q3 Net Sales to $61.1 Million
- Significant Sales Growth: For the third quarter ended October 31, 2025, Perma-Pipe reported net sales of $61.1 million, an increase of $19.5 million or 46.9% compared to the same quarter last year, driven by strong demand in the Middle East and North America, indicating robust market performance.
- Substantial Net Income Increase: The company achieved a net income of $6.3 million for the quarter, up $3.8 million or 152.0% year-over-year, reflecting increased sales activity and improved project execution, which enhances the company's financial stability.
- Growing Backlog: As of October 31, 2025, the backlog reached $148.9 million, a 7.8% increase from $138.1 million on January 31, 2025, demonstrating the company's competitive strength and sustained customer demand in its markets.
- Annual Performance Exceeds Expectations: Year-to-date net sales totaled $155.8 million, a 37.4% increase from the prior year, indicating ongoing operational improvements and enhanced leverage in core markets, setting a solid foundation for future profitability growth.
