Perma-Pipe International Holdings, Inc. (PPIH)

PPIH Income Statement

Financials in millions USD. Fiscal year is February - January.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr 30, 2025	Jan 31, 2025	Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021
Revenue	170.81	158.38	150.67	142.57	138.55	84.69
Revenue Growth (YoY)	9.96%	5.12%	5.68%	2.90%	63.59%	-33.66%
Cost of Revenue	111.36	105.14	109.21	104.27	106.02	73.52
Gross Profit	59.46	53.25	41.46	38.3	32.53	11.18
Selling, General & Admin	34.4	32.95	28.1	27.16	24.42	22.56
Operating Expenses	34.4	32.95	28.1	27.16	24.42	22.56
Operating Income	25.06	20.3	13.36	11.14	8.11	-11.38
Interest Expense	-2.12	-2.22	-2.43	-2.24	-0.92	-0.38
Interest & Investment Income	0.28	0.28	0.16	0.12	0.09	-
Other Non Operating Income (Expenses)	0.13	0.11	-1.2	0.53	1.04	1.38
EBT Excluding Unusual Items	23.34	18.47	9.89	9.56	8.33	-10.38
Other Unusual Items	-	-	-	-	-	2.6
Pretax Income	23.34	18.47	9.89	9.56	8.33	-7.78
Income Tax Expense	6.19	5.38	-3.32	3.61	2.27	-0.13
Earnings From Continuing Operations	17.16	13.09	13.21	5.95	6.06	-7.64
Net Income to Company	17.16	13.09	13.21	5.95	6.06	-7.64
Minority Interest in Earnings	-4.66	-4.11	-2.74	-	-	-
Net Income	12.49	8.98	10.47	5.95	6.06	-7.64
Net Income to Common	12.49	8.98	10.47	5.95	6.06	-7.64
Net Income Growth	-4.18%	-14.21%	76.13%	-1.93%	-	-
Shares Outstanding (Basic)	8	8	8	8	8	8
Shares Outstanding (Diluted)	8	8	8	8	8	8
Shares Change (YoY)	-0.81%	-0.72%	-0.53%	-3.32%	3.31%	-3.49%
EPS (Basic)	1.57	1.13	1.31	0.75	0.75	-0.94
EPS (Diluted)	1.55	1.12	1.30	0.73	0.72	-0.94
EPS Growth	-3.90%	-13.85%	78.08%	1.39%	-	-
Free Cash Flow	11.52	11.05	3.63	-8.22	-4.84	-1.8
Free Cash Flow Per Share	1.44	1.38	0.45	-1.01	-0.58	-0.22
Gross Margin	34.81%	33.62%	27.52%	26.86%	23.48%	13.20%
Operating Margin	14.67%	12.82%	8.87%	7.82%	5.85%	-13.43%
Profit Margin	7.31%	5.67%	6.95%	4.17%	4.38%	-9.02%
Free Cash Flow Margin	6.74%	6.98%	2.41%	-5.76%	-3.49%	-2.12%
EBITDA	28.79	23.93	17.19	14.79	12.44	-6.64
EBITDA Margin	16.86%	15.11%	11.41%	10.37%	8.97%	-7.84%
D&A For EBITDA	3.74	3.63	3.83	3.65	4.32	4.74
EBIT	25.06	20.3	13.36	11.14	8.11	-11.38
EBIT Margin	14.67%	12.82%	8.87%	7.82%	5.85%	-13.43%
Effective Tax Rate	26.51%	29.12%	-	37.80%	27.20%	-

Updated Jun 13, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q