Perma-Pipe's Q2 Earnings Soar Y/Y on Strong MENA Demand

Perma-Pipe International Holdings, Inc. (PPIH) reported a significant improvement in its financial performance for the second quarter of 2024. The company's net income attributable to common stock was $3.3 million, translating to earnings per share of 40 cents. This represents a substantial increase when compared to $1 million, or 13 cents per share in the second quarter of 2023. Revenue also saw a positive trend, with net sales amounting to $37.5 million for the quarter, up 7% from $35.1 million in the sam ...