Why Are Engineered Pipe Services Provider Perma-Pipe's Shares Surging Today?
Why Are Engineered Pipe Services Provider Perma-Pipe's Shares Surging Today?
Perma-Pipe International Holdings Inc (NASDAQ:PPIH) shares are shooting higher after it reported third-quarter FY23 earnings.
Perma-Pipe International Holdings Inc（纳斯达克股票代码：PPIH）公布了23财年第三季度财报后，股价飙升。
The company reported third-quarter FY23 sales growth of 21% year-on-year to $45.7 million compared to $37.9 million last year.
该公司报告称，2023财年第三季度销售额同比增长21％，达到4,570万美元，而去年同期为3,790万美元。
The increase in revenue was primarily driven by an increased sales volume in Saudi Arabia.
收入的增长主要是由沙特阿拉伯销量的增加推动的。
Gross profit increased 18.9% year-on-year to $13.2 million, and the profit margin contracted to 29%.
毛利同比增长18.9％至1,320万美元，利润率收缩至29％。
General and administrative expenses for the quarter rose 8% to $5.7 million, reflecting higher payroll costs.
本季度的一般和管理费用增长了8％，达到570万美元，反映了工资成本的增加。
Operating income climbed 33.1% to $6 million, with an operating margin of 13.2%.
营业收入增长33.1％，达到600万美元，营业利润率为13.2％。
EPS for the quarter was $0.24 compared to $0.21 last year.
该季度的每股收益为0.24美元，而去年为0.21美元。
The company said the backlog has grown during each quarter this year and now stands at $73.1 million, representing approximately half of a year's revenues at the current run rate.
该公司表示，今年每个季度的积压量都在增加，目前为7,310万美元，按目前的运行率计算，约占全年收入的一半。
Price Action: PPIH shares are trading higher by 14.90% at $8.00 on the last check Friday.
价格走势：周五最后一张支票，PPIH股价上涨14.90％，至8.00美元。