Perma-Pipe Shares Rise on Higher 3Q Profit

Dow Jones12-12

By Elias Schisgall

Perma-Pipe International Holdings Shares rose after the company more than doubled its fiscal third-quarter profit on strong sales numbers in the Middle East and North America.

The stock was up 10% to $32.35 Friday morning. Shares have more than doubled in value in the past year.

The Woodlands, Texas, piping manufacturer posted a profit Friday of $7.91 million, or 77 cents a share for the third quarter ended Oct. 31, more than double its profit a year earlier of $3.45 million, or 31 cents a share.

Revenue rose to $61.1 million, up from $41.6 million a year earlier. Growth was fueled by higher sales volumes in the company's North America and the Middle East segments, Perma-Pipe said.

The company's current backlog now totals $148.9 million, it said.

Write to Elias Schisgall at elias.schisgall@wsj.com

(END) Dow Jones Newswires

December 12, 2025 10:38 ET (15:38 GMT)

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Shares have more than doubled in value in the past year. \n\n\n  The Woodlands, Texas, piping manufacturer posted a profit Friday of $7.91 million, or 77 cents a share for the third quarter ended Oct. 31, more than double its profit a year earlier of $3.45 million, or 31 cents a share. \n\n\n  Revenue rose to $61.1 million, up from $41.6 million a year earlier. 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