10 Construction Stocks Under $10
In this article we will take a look at the 10 construction stocks under $10. You can skip our detailed analysis of the construction industry’s outlook for 2021 and some of the major growth catalysts for construction companies and go directly to the
The global construction industry is growing at a positive rate and is expected to reach an estimated value of $10.5 trillion by 2023. The forecasted growth rate for the market is approximately 4.2% from 2018 to 2023 according to Research and Markets. The factors that are driving this growth include population increases in developing countries, necessary upgradation of infrastructure in developed economies, the growing trend towards increased residential development, and investment in renewable energy and telecommunication sectors. President Biden’s ambitious infrastructure plan is also set to boost some notable construction stocks in 2021 and beyond.
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.
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Perma-Pipe International Holdings, Inc. has announced its subsidiary Perma-Pipe Middle East FZC has been awarded a substantial contract by the Italian contractor, Saipem S.p.A. (Saipem), for the provision of double joint welding, coating and thermal insulation for a 36 in. pipeline as part of a major ongoing project in the Middle East.
The project will utilise Perma-Pipe’s premier engineered POLY-THERM® insulation system, a spray-applied polyisocyanurate (PIR) foam jacketed with a robust glass reinforced plastic (GRP) outer jacket that prevents corrosion under insulation (CUI) and the associated high costs of inspection, repair, replacement and downtime caused by pipe corrosion. The project will begin execution in Perma-Pipe’s Fujairah facility in the United Arab Emirates in 1Q21. The contract value is in excess of US$5 million.
Perma-Pipe International Holdings Announces Contract Award in Excess of $5 0 Million yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
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Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) today announced that it has been awarded a contract from LLOG Exploration Offshore to supply over five miles of subsea insulation for tiebacks in the Dome Patrol Field in the Gulf of Mexico. The contract scope awarded to Perma-Pipe covers overseeing engineering support, pipe coating, and supplying insulation for the pipelines. The project will utilize FLOW–THERM™ (formerly Auto-Therm®), a glass syntactic polyurethane (GSPU) that is Perma-Pipe’s most popular thermal insulation product suitable for deepwater and temperatures up to 226 °F (108 °C).
FLOW-THERM™ is highly efficient, cost-effective, and has excellent compressive resistance when used on subsea flowlines, risers, field joints, and equipment, including jumpers, pipeline end terminations (PLETs), pipeline end manifolds (PLEMs), inline structures shrouds, and doghouses for deep and u