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Over 27% of Pre-Insulated Pipes Sales Comes from District Heating & Cooling Application: FMI
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Over 27% of Pre-Insulated Pipes Sales Comes from District Heating & Cooling Application: FMI
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Perma-Pipe sells, leases back Tennessee facility
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Press release content from Business Wire. The AP news staff was not involved in its creation.
Perma-Pipe International Holdings, Inc. Announces Fourth Quarter and Fiscal 2020 Financial Results
April 15, 2021 GMT
NILES, Ill. (BUSINESS WIRE) Apr 15, 2021
Perma-Pipe International Holdings, Inc. (NASDAQ: PPIH) announced today financial results for the fourth quarter and 2020 fiscal year ended January 31, 2021.
“Revenue for the fourth quarter was $21.3 million, $11.0 million below the same quarter last year, and net loss was $2.5 million compared to a net income of $1.5 million in the same quarter of 2019. For the year ended January 31, 2021, revenues of $84.7 million were $42.9 million below the prior year. The resulting net loss of $7.6 million compares to a prior year net income of $3.6 million,” noted President and CEO David Mansfield.
$6 8 Billion Worldwide Pre-Insulated Pipes Industry to 2027 - Impact of COVID-19 on the Market
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