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Stock impact report

Perma-Pipe International Holdings, Inc. Announces Fourth Quarter and Fiscal 2019 Financial Results

Perma-Pipe International Holdings, Inc. (PPIH) 
US:NASDAQ Investor Relations: investors.permapipe.com
Company Research Source: Business Wire
Net sales of $32.3 million for the quarter and $127.7 million for the 2019 fiscal year ended January 31, 2020Income from operations before income tax at $5.0 million in fiscal 2019 compared to $1.6 million in fiscal 2018 Backlog was $46.8 million as of January 31, 2020 and $61.0 million as of January 31, 2019 NILES, Ill.--(BUSINESS WIRE)--Perma-Pipe International Holdings, Inc. (NASDAQ: PPIH) announced today financial results for the fourth quarter and 2019 fiscal year ended January 31, 2020.“While fourth quarter revenues and income from operations before taxes were both lower than last year (by $2.7 million and $0.4 million, respectively), net income improved by $0.5 million (50%). For the year ended January 31, 2020, revenues of $127.7 million were $1.3 million below the prior year, but improved margins resulted in an increase of $5.7 million to gross profit. This translated to an improvement in net income of more than $4.1 million,” President and CEO David Mansfield commented.“ Show less Read more
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