Reports Q2 revenue $37.51M vs. $35.14M last year. Reports backlog of $75.5M at July 31. “Net sales for the second quarter were $37.5 million, an increase of $2.4 million, as compared to the same quarter last year. Net income attributable to common stock of $3.3 million, was an increase of $2.3 million, or 222%, compared to $1.0 million in the second quarter of 2023. For the six months ended July 31, 2024, net sales of $71.8 million represents an increase of 11%, compared to the six months ended July 31, 2023. After considering the non-controlling interest, the resulting net income attributable to common stock of $4.7 million, was an increase of $4.8 million, compared to a net loss of $(0.1) million in the six months ended July 31, 2023. This was the result of increased sales volumes and better margin performance,” noted President and CEO David Mansfield.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PPIH:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue