Perma-Pipe International reports Q1 EPS 18c vs. (14c) last year

Reports Q1 revenue $34.32M vs. $28.66M last year. Reports backlog of $63.1M at April 30. “Revenues for the first quarter were $34.3 million, an increase of $4.6 million or 15%, as compared to the same quarter last year, and net income attributable to common stock of $1.4 million was an increase of $2.5 million or 227%, as compared to a net loss of $(1.1) million in the same quarter of 2023. Our first quarter results demonstrate a strong start to the year. This is particularly encouraging given that the first quarter has always been the quietest period for the Company,” noted President and CEO David Mansfield.