Perma-Pipe International Reports Quarterly Revenue of $29.7M and GAAP EPS of -$0.14

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PERMA-PIPE ($NASDAQ:PPIH): Perma-Pipe International, a leading manufacturer of pre-insulated piping systems and related components, has reported its quarterly revenue of $29.7 million and GAAP Earnings Per Share of -$0.14. Perma-Pipe International is a global leader in the engineering, design, manufacturing, and installation of complete pre-insulated piping systems for industrial and commercial applications. The company’s systems are used for the transportation of a variety of fluids including oil, natural gas, chemicals, and water. In addition to pre-insulated piping systems, Perma-Pipe International also manufactures related products such as insulation jackets, valves, couplings, and fittings. The company has operations in North America, Europe, the Middle East, and Asia.

The reported quarterly revenue of $29.7 million and GAAP Earnings Per Share of -$0.14 is an indication that Perma-Pipe International is facing challenges due to the global pandemic and related economic disruptions. The company is working to reduce its costs and improve efficiencies to remain competitive in the market. Despite the challenging environment, Perma-Pipe International is committed to providing customers with quality products and services.

Earnings

In its earning report of FY2023 Q4 ending January 31 2021, PERMA-PIPE INTERNATIONAL reported total revenue of $29.7M and a GAAP EPS of -$0.14. This marks a 45.6% decrease in total revenue and a 184.9% decrease in net income when compared to the same period in the previous year. Despite this, the company reported a net income loss in FY2023 Q4, indicating that the company is still struggling to reach profitability.

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

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Key Ratios Snapshot

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Market Price

This news resulted in the company’s stock dropping by 6.2%, from the last closing price of $10.4 to $9.8. This was a significant drop, as the stock had been in an upward trend following positive expectations for their quarterly results. Investors are now closely monitoring the stock in anticipation of any further news from the company. Live Quote…

Analysis

At GoodWhale, we have conducted a thorough analysis of PERMA-PIPE INTERNATIONAL‘s fundamental data. After our assessment, we have deemed PERMA-PIPE INTERNATIONAL to be a medium risk investment in terms of financial and business aspects. In particular, our risk rating metrics for the company have detected warnings in its balance sheet and cashflow statement. If you are interested in learning more about these risk warnings, make sure to become a registered user on GoodWhale. More…

Peers

It faces competition from Takasago Thermal Engineering Co Ltd, GDS Global Ltd, and Lindab International AB, all of which are established players in the market. Perma-Pipe offers a wide range of products and services to meet the needs of its customers in the oil and gas, HVAC, and industrial markets.

– Takasago Thermal Engineering Co Ltd ($TSE:1969)

Takasago Thermal Engineering Co Ltd is a leading provider of thermal engineering solutions from Japan. The company has a market cap of 116.6 billion as of 2022, making it one of the largest and most successful companies in the industry. Its Return on Equity (ROE) of 7.68% reflects the company’s ability to generate high returns from its investments and assets. Takasago Thermal Engineering Co Ltd specializes in the development, design, manufacture, installation, and maintenance of thermal engineering products and systems. It offers products and services for a wide range of applications, including air conditioning, power plants, and industrial processes.

– GDS Global Ltd ($SGX:5VP)

GDS Global Ltd is an international information technology services provider with operations in more than 15 countries around the world. The company specializes in providing end-to-end IT services, including software development, web and mobile application development, cloud computing, and IT consulting services. As of 2022, GDS Global Ltd had a market cap of 3.92M and a Return on Equity of -8.38%. The company’s market cap is relatively low compared to other similar companies in the industry, indicating that it is a smaller sized enterprise. Conversely, its Return on Equity is negative, suggesting that the company’s shareholders are not receiving a return on their investments.

– Lindab International AB ($BER:L5E)

Lindab International AB is a Sweden-based company that designs and manufactures air management, ventilation, and building components. The company operates in more than 30 countries and has a market cap of 877.57M as of 2022. Lindab International AB has a Return on Equity (ROE) of 13.73%, which is an indicator of its profitability and financial health. The company’s strong ROE indicates that it is efficiently utilizing its capital and generating returns on its investments.

Summary

Perma-Pipe International reported its latest financial results for the quarter, with a GAAP EPS of -$0.14 and revenue of $29.7M. The negative earnings report caused the stock price to drop on the same day. Investors should closely monitor this company in the future, as it is important to consider both the current and future financial performance of a company when making an investment decision.

Additionally, investors should research the competitive landscape, company management and industry trends to assess the long-term outlook for Perma-Pipe International. Overall, investors should thoroughly assess the risk-reward profile of any investment to make sure that the potential returns outweigh the risks.