Filing Flows › Perma-Pipe International Holdings (PPIH) › Q4 FY25
Perma-Pipe International Holdings (PPIH) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed May 1, 2025
Perma-Pipe International Holdings (PPIH) reported revenue of $45.0M for the fourth quarter fiscal 2025 (Q4 FY25), +12% from a year earlier and +8% from the quarter before. Operating margin was 12.1%, net earnings $1.8M (3.9% of revenue).
Perma-Pipe International Holdings, Q4 FY25: revenue $45.0M (+12% year over year), operating margin 12.1%, net earnings $1.8M, operating cash flow $6.0M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $45.0M | +8% | +12% |
| Gross profit | $15.2M | +8% | +26% |
| Operating profit | $5.4M | -3% | +19% |
| Net earnings | $1.8M | -29% | -80% |
| Operating cash flow | $6.0M | +17% | -15% |
| Free cash flow | $4.7M | -3% | +12% |
What changed
Revenue was $45.0M in Q4 FY25, up 12% year over year and up 8% from the previous quarter.
Gross margin was 33.7%, up 3.8 points from a year earlier. Operating profit was $5.4M, a 12.1% margin (up 0.8 points year over year). Of the extra revenue versus a year earlier, 18% reached operating profit, above the 11% margin then. Operating expenses grew 30% against revenue growth of 12%. The fastest-growing cost line was General & admin (+38%). Net earnings were $1.8M, down 80% year over year. The effective tax rate was 32.1%.
Operating cash flow was $6.0M (down 15% year over year), 169% of net income including minority interests. Non-cash charges added back $942K of depreciation and amortization and $231K of share-based compensation. Working capital and other items added $1.3M. Capital expenditures of $1.3M left free cash flow of $4.7M.
Questions
What was Perma-Pipe International Holdings' revenue in the fourth quarter fiscal 2025?
Perma-Pipe International Holdings (PPIH) reported revenue of $45.0M for the fourth quarter fiscal 2025 (Q4 FY25), +12% from a year earlier and +8% from the quarter before.
Was Perma-Pipe International Holdings profitable in the fourth quarter fiscal 2025?
Operating profit was $5.4M (12.1% of revenue) and net earnings $1.8M.
Source: Perma-Pipe International Holdings 10-K on SEC EDGAR.