Perma-Pipe International Holdings, Inc.

Annual Trend FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Net sales $98.8m $105.2m $129.0m $127.7m $84.7m $138.6m $142.6m $150.7m $158.4m $210.9m
Cost of sales $87.1m $93.5m $105.6m $98.6m $73.5m $106.0m $104.3m $109.2m $105.1m $141.4m
Gross profit $11.7m $11.7m $23.3m $29.0m $11.2m $32.5m $38.3m $41.5m $53.2m $69.5m
Total operating expenses $22.5m $21.3m $20.6m $23.1m $22.6m $24.4m $27.2m $28.1m $32.9m $40.0m
Income from operations ($10.8m) ($9.5m) $2.7m $5.9m ($11.4m) $8.1m $11.1m $13.4m $20.3m $29.4m
Income from operations before income taxes ($13.0m) ($10.2m) $1.6m $5.0m ($7.8m) $8.3m $9.6m $9.9m $18.5m $27.5m
Basic (in shares) $7.5m ($0) $0 ($1) $1 $1 $1 $1 $2
Diluted (in shares) $7.5m ($0) $0 ($1) $1 $1 $1 $1 $2
Net income ($550k) $3.6m ($7.6m) $6.1m $5.9m $13.2m $13.1m $20.6m
Net income attributable to redeemable non-controlling interest $0 $2.7m $4.1m $3.6m
Net income attributable to common stock ($11.7m) ($10.0m) ($529k) $3.6m ($7.6m) $6.1m $5.9m $10.5m $9.0m $17.0m
General and administrative expenses $16.8m $16.2m $15.4m $17.9m $17.2m $19.9m $22.0m $22.6m $28.0m $35.3m
Selling expense $5.7m $5.0m $5.2m $5.2m $5.3m $4.5m $5.2m $5.5m $4.9m $4.7m
Interest expense, net $569k $697k $1.1m $905k $381k $828k $2.1m $2.3m $1.9m $1.8m
Other (expense) income, net $1.1m $4.0m $1.0m $533k ($1.2m) $107k ($134k)
Income tax expense ($611k) ($233k) $2.1m $1.5m ($133k) $2.3m $3.6m ($3.3m) $5.4m $6.8m