Perma-Pipe(PPIH) - 2026 Q3 - Quarterly Results
Perma-PipePerma-Pipe(US:PPIH)2025-12-12 22:00

Exhibit 99.1 "For the nine months ended October 31, 2025, net sales were 155.8million,anincreaseof155.8 million, an increase of 42.4 million, or 37.4%, compared to 113.4millionintheprioryearperiod.TheincreasewasprimarilyattributabletohighersalesvolumesinboththeMiddleEastandNorthAmerica.Grossprofitwas113.4 million in the prior-year period. The increase was primarily attributable to higher sales volumes in both the Middle East and North America. Gross profit was 52.2 million, compared to 38.1millionintheprioryearperiod,reflectingincreasedactivitylevelsduringthecurrentyear.Generalandadministrativeexpenseswere38.1 million in the prior year period, reflecting increased activity levels during the current year. General and administrative expenses were 26.1 million, up from $19.5 million ...