Perma-Pipe International reports Q3 EPS 31c vs. 24c last year

Reports Q3 revenue $41.6M vs. $45.7M last year. “Backlog in the third quarter shows considerable growth and now stands at $114.2M. This is the equivalent to approximately nine months revenue based upon prior years’ revenues. The continual strengthening of our backlog over the past two quarters is encouraging and provides a sense of optimism heading into next year. Additionally, backlog at the end of the third quarter represents the highest level since transitioning from MFRI to Perma-Pipe, which occurred in March 2017,” the company said in a statement.