Perma-Pipe Stock Up 14% Despite Y/Y Decline in 2024 Earnings

Shares of Perma-Pipe International Holdings, Inc. (PPIH) have rallied 14% since the company reported its earnings for the quarter ended Jan. 31, 2025, outperforming the S&P 500’s modest 0.8% growth during the same period. Over the past month, PPIH shares have posted a strong gain of 13.1%, again significantly ahead of the S&P 500’s 2.8% advance, suggesting investor optimism around the company’s latest results and future prospects.Perma-Pipe reported fiscal 2024 earnings of $1.12 per share compared to$1.30 ...