Perma-Pipe Stock Up 13% Since Q3 Earnings Rise Y/Y Amid Backlog Growth

Shares of Perma-Pipe International Holdings, Inc. (PPIH) have gained 13% since the company reported its earnings for the quarter ended Oct. 31, 2024. This compares to the S&P 500 index’s 1.1% growth over the same time frame. Over the past month, the stock has gained 5.8% compared with the S&P 500’s 1.3% growth.For the third quarter of fiscal 2024, Perma-Pipe reported earnings per share of 31 cents compared with 24 cents in the prior-year quarter.Net sales of $41.6 million were down 9% compared to $45.7 mill ...