Startup costs and project delays weigh on Perma-Pipe's first-quarter earnings per share, though revenues increase and backlog expands.
PPIH delivers year-over-year growth in EPS and record revenues in Q4, supported by strong demand across key global markets and improved operational execution.
Perma-Pipe stock has increased about 4.6 times over the past 5 years, and the company is rapidly growing and profitable, unlike many microcaps and small caps.
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Point72 Asset Management LP Point72 Asset Management LP | 34,258 | $1.03M | $855,422.26 | -$174,729.34 | -16.96% |
Ana-Maria Ignat Covestor Ltd | 305 | $9,092.05 | $7,615.85 | -$1,476.2 | -16.24% |
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Andrea N. Thompson WEST PACES ADVISORS INC. | 125 | $3,404 | $3,181.25 | -$222.75 | -6.54% |
| Industrial Conglomerates Industry | Industrials Sector | Saleh Sagr CEO | NASDAQ (NMS) Exchange | 714167103 CUSIP |
| US Country | 909 Employees | - Last Dividend | - Last Split | 4 Jan 2016 IPO Date |
Perma-Pipe International Holdings, Inc., along with its subsidiaries, functions as an engineering and manufacturing concern specializing in specialty piping and leak detection systems. Initially known as MFRI, Inc., the entity underwent a rebranding to its current name in March 2017. Having been incorporated in 1993, the company commands a notable presence not only in North America but extends its operations across the Middle East, Europe, India, and other international markets. With its headquarters in Spring, Texas, Perma-Pipe marks its prominence in offering innovative solutions tailored for energy distribution and the safe transportation of hazardous fluids, chemicals, and petroleum products, alongside providing anti-corrosion coatings for infrastructure in the oil, gas, and water sectors.
This product line is aimed at the district heating and cooling sector, facilitating energy distribution from central plants to various endpoints. The insulated and jacketed piping systems are engineered to optimize energy efficiency in community heating and cooling projects.
Perma-Pipe's containment solutions cater to the needs of safely transporting chemicals, hazardous fluids, and petroleum products. These systems are designed to prevent leaks and breaches, safeguarding both the environment and public health.
With a focus on the oil and gas industry, the company offers an array of liquid and powder-based anti-corrosion coatings. These solutions are intended for the external and internal surfaces of steel pipes and include coverage for various pipe shapes and fittings. They are vital for ensuring the longevity and integrity of pipelines transporting oil, gas, and potable water.