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Note 13 - Segment Reporting
 12 Months Ended
Jan. 31, 2025
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

Note 13 - Segment reporting

 
The Company operates under one segment: Piping Systems. The results are presented on an consolidated basis to the Chief Executive Officer who serves as the chief operating decision maker ("CODM"). The accounting policies of the Company's segment are the same as those described in the summary of significant accounting policies. For further information, see Note 2 - Significant accounting policies, in the Notes to Consolidated Financial Statements.
 
The CODM regularly reviews consolidated revenues, significant expenses, and consolidated net income attributable to common stock to make operating decisions and assess performance. The CODM uses this information in making company-wide decisions when determining how to allocate resources.
 
Significant expenses represent amounts that are regularly provided to the CODM and included in consolidated net income attributable to common stock.  Additionally, the CODM regularly reviews asset information by our reporting segment in a manner that is consistent with the presentation on the Company's accompanying consolidated balance sheets. 
 
The following table summarizes the Company's revenues, net income attributable to common stock, and significant expenses:
 
  

Year ended January 31,

 
  

2025

  

2024

 
         

Net sales

 $158,384  $150,668 
         

Cost of sales

        

Labor

  23,109   19,048 

Materials

  59,036   64,973 

Depreciation and amortization

  3,104   3,562 

Other costs of sales

  19,887   21,627 

Total Cost of sales

  105,136   109,210 
         

Operating expenses

        

Salaries and wages

  16,295   14,043 

Depreciation and amortization

  516   196 

Other general and administrative expense

  11,189   8,352 

General and administrative expenses

  28,000   22,591 

Selling expense

  4,947   5,508 

Total operating expenses

  32,947   28,099 
         

Income from operations

  20,301   13,359 
         

Interest expense

  1,940   2,266 

Other income (expense)

  107   (1,202)

Income before income tax

  18,468   9,891 

Income tax expense (benefit)

  5,377   (3,320)

Net income

  13,091   13,211 

Less: Net income attributable to non-controlling interest

  4,108   2,740 

Net income attributable to common stock

 $8,983  $10,471