PPIH Stock Soars 46% as Q1 Earnings Rise Y/Y on Solid MENA Growth

Shares of Perma-Pipe International Holdings, Inc. (PPIH) have surged 45.5% since the company released its earnings for the quarter ended April 30, 2025. This robust advance notably outpaced the S&P 500 index, which declined by 1% during the same period. Over the past month, PPIH’s momentum accelerated further with a 63.8% gain, while the S&P 500 posted a modest 1% increase.Perma-Pipe posted earnings per share of 61 cents in the first quarter of fiscal 2025, which rose from 18 cents in the prior-year quarter ...