Perma-Pipe International

PPIH

Market cap $223M

Startup costs and project delays weigh on Perma-Pipe's first-quarter earnings per share, though revenues increase and backlog expands.

THE WOODLANDS, Texas--(BUSINESS WIRE)--Perma-Pipe International Holdings, Inc. (NASDAQ: PPIH) announced today financial results for the first quarter ended April 30, 2026. “For the three months ended April 30, 2026, net sales increased 7.5% to $50.3 million, compared to $46.7 million in the prior-year quarter, driven by higher sales volumes in both North America and the MENA region. Gross profit was $14.6 million, compared to $16.7 million in the first quarter of fiscal 2025. The decrease in gr.

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PPIH delivers year-over-year growth in EPS and record revenues in Q4, supported by strong demand across key global markets and improved operational execution.

Perma-Pipe is upgraded to BUY after a post-earnings pullback, with fundamentals improving and risk/reward now attractive. PPIH delivered 33% sales growth in 2025, with Q4 sales up 22% year-over-year and EPS of $0.60, beating expectations. Order backlog remains historically high despite a sequential decline, reflecting strong execution and robust revenue conversion.

THE WOODLANDS, Texas--(BUSINESS WIRE)--Perma-Pipe International Holdings, Inc. (NASDAQ: PPIH) today announced financial results for the fourth quarter and 2025 fiscal year ended January 31, 2026. “For the three months ended January 31, 2026, net sales were $55.1 million, an increase of $10.1 million, or 22.4%, compared to $45.0 million in the same quarter of the prior year. Growth was driven by higher sales volumes in both the Middle East and North America. Gross profit was $17.3 million, up $2.

THE WOODLANDS, Texas--(BUSINESS WIRE)--Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH), a global leader in pre-insulated piping and leak detection systems, today announced the appointment of Nancy Zakhour and Saleh Sagr to its Board of Directors, effective April 8, 2026. Ms. Zakhour will serve as an independent director and a member of the Board's Audit, Compensation, and Nominating and Corporate Governance Committees. Mr. Sagr will serve as a director. Ms. Zakhour is a dynamic energy ex.

Perma-Pipe International Holdings is a niche piping systems provider demonstrating strong recent revenue growth and contract wins. PPIH's backlog surged from $38.5M (2022) to $148.9M (Q3 2025), signaling robust forward demand and earnings visibility. Profitability and cash flows have trended positively, with adjusted operating cash flow reaching $21.9M and EBITDA $25.3M in the latest period.

PPIH accelerates global growth with Saudi Aramco approval, rising project wins, and expanded local capacity, boosting its presence in energy and infrastructure markets.

PPIH reported a year-over-year surge in Q3 EPS, driven by strong sales in the Middle East and North America. However, higher compliance and executive transition costs weighed on margins.