Perma-Pipe International Holdings, Inc. reported earnings results for the second quarter and six months ended July 31, 2023. For the second quarter, the company reported sales was USD 35.14 million compared to USD 37 million a year ago. Net income was USD 1.02 million compared to USD 1.87 million a year ago. Basic earnings per share from continuing operations was USD 0.13 compared to USD 0.23 a year ago. Diluted earnings per share from continuing operations was USD 0.13 compared to USD 0.23 a year ago.
For the six months, sales was USD 64.8 million compared to USD 68.23 million a year ago. Net loss was USD 0.1 million compared to net income of USD 0.983 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to basic earnings per share from continuing operations of USD 0.12 a year ago. Diluted loss per share from continuing operations was USD 0.01 compared to diluted earnings per share from continuing operations of USD 0.12 a year ago.