PERMA-PIPE INTERNATIONAL Reports Third Quarter FY2024 Earnings Results on October 31, 2023
December 13, 2023
🌥️Earnings Overview
For the 3rd quarter of FY2024, PERMA-PIPE INTERNATIONAL ($NASDAQ:PPIH) reported total revenue of USD 45.7 million, a 20.6% increase from the same period in the prior year. Net income for the quarter was USD 1.9 million, showing a 12.1% increase from the same quarter last year. These results were reported on October 31 2023.
Stock Price
On Friday, October 31, 2023, PERMA-PIPE INTERNATIONAL announced its third quarter earnings results for the fiscal year 2024. The company’s stock opened at $7.3 and closed on the same day at $7.9, up 13.9% from its previous closing price of $7.0. The company attributed its strong financial performance to the success of its new product line, increased sales in international markets, and improved operational efficiency. Overall, the company’s third quarter earnings results were encouraging and indicate that the company is on track for a successful fiscal year 2024. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Perma-pipe International. More…
| Total Revenues | Net Income | Net Margin |
| 146.93 | 5.07 | 3.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Perma-pipe International. More…
| Operations | Investing | Financing |
| 11.48 | -11.46 | -1.87 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Perma-pipe International. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 144.21 | 83.08 | 7.1 |
Key Ratios Snapshot
Some of the financial key ratios for Perma-pipe International are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 15.4% | 23.3% | 9.0% |
| FCF Margin | ROE | ROA |
| -0.3% | 14.4% | 5.7% |
Analysis
GoodWhale has conducted an analysis of PERMA-PIPE INTERNATIONAL‘s financials and the results show that the company has an intermediate health score of 6/10, taking into account its cash flows and debt. According to the Star Chart, PERMA-PIPE INTERNATIONAL is classified as a ‘cheetah’, meaning it has achieved high revenue or earnings growth but is considered less stable due to lower profitability. Based on this information, investors looking for more stability may not be as interested in PERMA-PIPE INTERNATIONAL, but those looking for high growth opportunities may be more interested. The company is strong in asset, medium in growth, profitability and weak in dividend, which may be attractive to some investors. All in all, PERMA-PIPE INTERNATIONAL appears to be in an intermediate position and could be a great investment for the right investor. 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 has reported strong third quarter earnings results for FY2024, with total revenue increasing by 20.6% and net income increasing by 12.1%. This positive news has led to an increase in the company’s stock price on the same day. Overall, the company seems to be doing well and presents a good opportunity for investors looking for long-term growth. With the company’s solid financial performance and bright future outlook, now may be an advantageous time to buy PERMA-PIPE INTERNATIONAL stock.
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