Perma-Pipe International Holdings, Inc. (PPIH) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'27 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 |
|---|
| Sales/Revenue | 50.27M | 55.13M | 61.15M | 47.9M | 46.75M | 44.99M | 41.56M | 37.51M | 34.32M | 40.18M | 45.69M | 35.14M | 29.66M | 36.44M | 37.9M | 37M | 31.22M | 39.13M | 35.2M | 39.8M |
| Revenue Growth % | 7.53% | 22.54% | 47.12% | 27.69% | 36.21% | 11.97% | -9.03% | 6.75% | 15.73% | 10.26% | 20.54% | -5.03% | -5.01% | -6.86% | 7.68% | -7.04% | 27.84% | 83.73% | 73.45% | 95.46% |
| Cost of Goods Sold | 35.63M | 37.79M | 40.14M | 33.48M | 30.02M | 29.82M | 27.48M | 24.04M | 23.8M | 28.14M | 32.51M | 25.68M | 22.88M | 26.2M | 26.77M | 27.12M | 24.17M | 29.47M | 27.57M | 29.06M |
| COGS % of Revenue | 70.88% | 68.55% | 65.65% | 69.89% | 64.22% | 66.28% | 66.11% | 64.08% | 69.36% | 70.05% | 71.14% | 73.07% | 77.16% | 71.91% | 70.64% | 73.28% | 77.42% | 75.33% | 78.33% | 73.01% |
| Gross Profit | 14.64M | 17.34M | 21M | 14.42M | 16.72M | 15.17M | 14.09M | 13.47M | 10.52M | 12.03M | 13.18M | 9.46M | 6.77M | 10.24M | 11.13M | 9.89M | 7.05M | 9.65M | 7.63M | 10.74M |
| Gross Margin % | 29.12% | 31.45% | 34.35% | 30.11% | 35.78% | 33.72% | 33.89% | 35.92% | 30.64% | 29.95% | 28.86% | 26.93% | 22.84% | 28.09% | 29.36% | 26.72% | 22.58% | 24.67% | 21.67% | 26.99% |
| Gross Profit Growth % | -12.49% | 14.28% | 49.12% | 7.04% | 59.02% | 26.07% | 6.84% | 42.37% | 55.26% | 17.57% | 18.45% | -4.27% | -3.9% | 6.03% | 45.89% | -7.98% | 56.47% | 300.58% | 159.67% | 354.44% |
| Operating Expenses | 10M | 10.37M | 9.6M | 11.24M | 8.84M | 9.73M | 8.5M | 7.33M | 7.38M | 7.5M | 7.14M | 6.77M | 6.7M | 7.12M | 6.59M | 6.56M | 6.89M | 6.38M | 5.94M | 6.66M |
| OpEx % of Revenue | 19.89% | 18.8% | 15.7% | 23.46% | 18.9% | 21.64% | 20.45% | 19.55% | 21.51% | 18.67% | 15.64% | 19.27% | 22.59% | 19.52% | 17.4% | 17.73% | 22.06% | 16.31% | 16.87% | 16.72% |
| Selling, General & Admin | 10M | 10.37M | 9.6M | 11.24M | 8.84M | 9.73M | 8.5M | 7.33M | 7.38M | 7.5M | 7.14M | 6.77M | 6.7M | 7.11M | 6.59M | 6.56M | 6.89M | 6.38M | 5.94M | 6.66M |
| SG&A % of Revenue | 19.89% | 18.8% | 15.7% | 23.46% | 18.9% | 21.64% | 20.45% | 19.55% | 21.51% | 18.67% | 15.64% | 19.27% | 22.59% | 19.52% | 17.4% | 17.73% | 22.06% | 16.31% | 16.87% | 16.72% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 1K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1K | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 4.64M | 6.97M | 11.4M | 3.19M | 7.89M | 5.44M | 5.59M | 6.14M | 3.13M | 4.55M | 6.04M | 2.69M | 75K | 3.12M | 4.54M | 3.33M | 160K | 3.27M | 1.69M | 4.09M |
| Operating Margin % | 9.23% | 12.64% | 18.65% | 6.65% | 16.88% | 12.09% | 13.44% | 16.37% | 9.13% | 11.33% | 13.22% | 7.66% | 0.25% | 8.56% | 11.97% | 8.99% | 0.51% | 8.37% | 4.8% | 10.27% |
| Operating Income Growth % | -41.22% | 28.17% | 104.14% | -48.11% | 151.72% | 19.44% | -7.5% | 128.24% | 4078.67% | 45.88% | 33.13% | -19.07% | -53.13% | -4.67% | 168.24% | -18.66% | 117% | 222.44% | 161.18% | 218.32% |
| EBITDA | 4.64M | 9M | 12.39M | 4.14M | 8.83M | 6.38M | 6.56M | 7.03M | 3.96M | 5.61M | 7.02M | 3.57M | 1.04M | 3.99M | 5.39M | 4.26M | 1.16M | 4.34M | 2.69M | 5.23M |
| EBITDA Margin % | 9.23% | 16.33% | 20.26% | 8.65% | 18.88% | 14.18% | 15.77% | 18.74% | 11.55% | 13.96% | 15.37% | 10.15% | 3.52% | 10.94% | 14.22% | 11.5% | 3.7% | 11.09% | 7.64% | 13.13% |
| EBITDA Growth % | -47.46% | 41.1% | 88.94% | -41.05% | 122.71% | 13.75% | -6.64% | 97.08% | 279.96% | 40.72% | 30.25% | -16.19% | -9.7% | -8.14% | 100.48% | -18.58% | 538.12% | 379.75% | 293.59% | 324.82% |
| D&A (Non-Cash Add-back) | 0 | 2.03M | 984K | 957K | 937K | 942K | 970K | 888K | 829K | 1.06M | 983K | 876K | 968K | 865K | 855K | 931K | 995K | 1.06M | 998K | 1.14M |
| EBIT | 0 | 6.97M | 11.4M | 3.17M | 7.84M | 5.99M | 5.54M | 6.1M | 3.13M | 3.86M | 5.54M | 2.77M | 147K | 4.74M | 3.59M | 3.26M | 209K | 3.32M | 1.79M | 4.54M |
| Net Interest Income | 0 | -504K | -497K | -415K | -406K | -451K | -468K | -514K | -507K | -478K | -640K | -636K | -512K | -534K | -717K | -500K | -368K | -111K | -270K | -268K |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 284K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 605K | 505K | 497K | 415K | 406K | 735K | 468K | 514K | 507K | 478K | 640K | 636K | 512K | 534K | 717K | 500K | 368K | 111K | 270K | 268K |
| Other Income/Expense | -715K | -563K | -503K | -436K | -453K | -188K | -518K | -552K | -574K | -1.33M | -1.14M | -555K | -440K | 962K | -1.67M | -564K | -319K | -64K | -172K | 189K |
| Pretax Income | 3.92M | 6.41M | 10.9M | 2.75M | 7.44M | 5.25M | 5.07M | 5.59M | 2.56M | 3.22M | 4.9M | 2.14M | -365K | 4.08M | 2.87M | 2.76M | -159K | 3.21M | 1.52M | 4.28M |
| Pretax Margin % | 7.8% | 11.62% | 17.83% | 5.74% | 15.91% | 11.67% | 12.19% | 14.9% | 7.46% | 8.02% | 10.72% | 6.08% | -1.23% | 11.21% | 7.57% | 7.46% | -0.51% | 8.2% | 4.32% | 10.75% |
| Income Tax | 1.33M | 787K | 2.99M | 1.49M | 1.58M | 1.69M | 1.61M | 1.31M | 770K | -6.58M | 1.53M | 966K | 758K | 851K | 1.14M | 893K | 726K | 216K | 1.02M | 861K |
| Effective Tax Rate % | 33.96% | 12.28% | 27.39% | 54.13% | 21.27% | 32.1% | 31.87% | 23.36% | 30.08% | -204.06% | 31.3% | 45.22% | -207.67% | 20.83% | 39.81% | 32.34% | -456.6% | 6.73% | 67.41% | 20.13% |
| Net Income | 1.8M | 4.92M | 6.32M | 851K | 4.95M | 1.76M | 2.49M | 3.29M | 1.44M | 8.64M | 1.94M | 1.02M | -1.12M | 3.23M | 1.73M | 1.87M | -885K | 2.99M | 495K | 3.42M |
| Net Margin % | 3.58% | 8.92% | 10.33% | 1.78% | 10.59% | 3.91% | 5.99% | 8.77% | 4.2% | 21.5% | 4.24% | 2.91% | -3.79% | 8.87% | 4.56% | 5.05% | -2.83% | 7.65% | 1.41% | 8.58% |
| Net Income Growth % | -63.63% | 179.43% | 153.51% | -74.13% | 243.17% | -79.62% | 28.73% | 221.82% | 228.5% | 167.07% | 11.98% | -45.29% | -26.89% | 8.09% | 249.09% | -45.32% | -4.98% | 217.84% | 117.37% | 1179.4% |
| Net Income (Continuing) | 1.8M | 5.62M | 7.91M | 1.26M | 5.85M | 3.56M | 3.45M | 4.28M | 1.79M | 9.8M | 3.36M | 1.17M | -1.12M | 3.23M | 1.73M | 1.87M | -885K | 2.99M | 495K | 3.42M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 16.49M | 15.66M | 14.23M | 12.22M | 12.24M | 10.97M | 8.95M | 8.06M | 7.03M | 6.27M | 4.16M | 1.74M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.22 | 0.60 | 0.77 | 0.10 | 0.61 | 0.22 | 0.31 | 0.40 | 0.18 | 1.08 | 0.24 | 0.13 | -0.14 | 0.39 | 0.21 | 0.23 | -0.11 | 0.36 | 0.06 | 0.41 |
| EPS Growth % | -63.93% | 172.73% | 148.39% | -75% | 238.89% | -79.63% | 29.17% | 207.69% | 228.57% | 176.92% | 14.29% | -43.48% | -27.27% | 8.33% | 250% | -43.9% | -10% | 216.13% | 117.14% | 1266.67% |
| EPS (Basic) | 0.22 | 0.61 | 0.78 | 0.11 | 0.62 | 0.22 | 0.31 | 0.41 | 0.18 | 1.09 | 0.24 | 0.13 | -0.14 | 0.40 | 0.22 | 0.23 | -0.11 | 0.37 | 0.06 | 0.42 |
| Diluted Shares Outstanding | 8.24M | 8.21M | 8.18M | 8.13M | 8.08M | 8.02M | 8.03M | 8.13M | 8.06M | 7.99M | 8.02M | 8.14M | 8M | 8.21M | 8.15M | 8.19M | 7.92M | 8.38M | 8.39M | 8.32M |
| Basic Shares Outstanding | 8.12M | 8.1M | 8.09M | 8.01M | 7.98M | 7.96M | 7.98M | 7.95M | 7.91M | 7.92M | 7.96M | 8.03M | 8M | 8M | 8M | 7.97M | 7.92M | 8.09M | 8.13M | 8.15M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |