Perma-Pipe Q2 Sales Jump 24% to $59.6M, EPS Triples to $0.31
PPIH sits 33% above its 52-week low of $21.96.
Summary
Perma-Pipe delivered a strong Q2 FY2026: net sales rose 24.4% to $59.6M, and net income attributable to common stock tripled to $2.5M ($0.31 diluted EPS vs $0.10 a year ago). Adjusted income before tax nearly doubled to $8.3M, excluding a $3.9M uncollectible receivable charge and Ohio start-up costs. Backlog climbed to $142.3M, up from $136.5M last quarter, and the company highlighted $67M in new Q2 orders already announced. This follows the new $139M global credit facility with J.P. Morgan and the Jordan JV MOU, reinforcing expansion momentum. The earnings call is today at 8:30 a.m. ET, where management will discuss strategy and the growing pipeline.
At the time of this announcement, PPIH was trading at $29.11 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $236.5M. The 52-week trading range was $21.96 to $36.72. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: BusinessWire.