Filing Flows › Perma-Pipe International Holdings (PPIH) › Q2 FY27 › vs Q1 FY27
Perma-Pipe International Holdings (PPIH) Q2 FY27 vs Q1 FY27 (quarter over quarter)
Perma-Pipe International Holdings's revenue rose $9.3M (+19%) from $50.3M in Q1 FY27 to $59.6M in Q2 FY27. Gross margin 29.2% against 29.1% (+0.1 pts).
Perma-Pipe International Holdings, Q2 FY27: revenue $59.6M (+24% year over year), operating margin 7.1%, net earnings $2.5M, operating cash flow $7.2M. The chart draws each line against Q1 FY27, the increases inside each band.
Margins
| Q2 FY27 | Q1 FY27 | Change | |
|---|---|---|---|
| Gross margin | 29.2% | 29.1% | +0.1 pts |
| Operating margin | 7.1% | 9.2% | -2.1 pts |
| Net margin | 4.3% | 3.6% | +0.7 pts |
| Free cash flow margin | 8.9% | 9.7% | -0.8 pts |
Every line
| Line | Q2 FY27 | Q1 FY27 | Change | % |
|---|---|---|---|---|
| Revenue | $59.6M | $50.3M | $9.3M | +19% |
| Gross profit | $17.4M | $14.6M | $2.8M | +19% |
| Cost of revenue | $42.2M | $35.6M | $6.5M | +18% |
| Operating profit | $4.3M | $4.6M | −$384K | -8% |
| Operating expenses | $13.2M | $10.0M | $3.2M | +32% |
| Pre-tax earnings | $3.9M | $3.9M | −$54K | -1% |
| Other expense, net | $385K | $715K | −$330K | -46% |
| Sales & marketing | $1.3M | $1.2M | $119K | +10% |
| General & admin | $11.9M | $8.8M | $3.0M | +34% |
| Net earnings | $2.5M | $1.8M | $746K | +41% |
| Minority interests | $717K | $789K | −$72K | -9% |
| Income tax | $604K | $1.3M | −$728K | -55% |
| Depreciation & amortization | $1.7M | $1.6M | $73K | +5% |
| Share-based compensation | $233K | $180K | $53K | +29% |
| Working capital & other | $2.8M | $2.5M | $255K | +10% |
| Operating cash flow | $7.2M | $6.1M | $1.1M | +18% |
| Free cash flow (OCF − capex) | $5.3M | $4.9M | $421K | +9% |
| Capital expenditures | $2.0M | $1.3M | $706K | +56% |
Questions
How much did Perma-Pipe International Holdings's revenue grow quarter over quarter in Q2 FY27?
Perma-Pipe International Holdings's revenue rose $9.3M (+19%) from $50.3M in Q1 FY27 to $59.6M in Q2 FY27. Gross margin 29.2% against 29.1% (+0.1 pts).