Perma-Pipe International

PPIH

Market cap $248M

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.

THE WOODLANDS, Texas--(BUSINESS WIRE)--Perma-Pipe International Holdings, Inc. (NASDAQ: PPIH) announced today financial results for the third quarter ended October 31, 2025. “For the three months ended October 31, 2025, net sales were $61.1 million, an increase of $19.5 million, or 46.9%, compared to $41.6 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 $21.0 million, up $6.9 million from $14.1.

THE WOODLANDS, Texas--(BUSINESS WIRE)--Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH), today announced changes to its Board of Directors (the "Board"), including the appointment of Richard M. Sherrill to the Board, effective immediately. Mr. Sherrill, 59, has served as a member of the Board of Talos Energy, Inc. ("Talos"; NYSE: TALO) since February 2023, an upstream oil and natural gas exploration company. Mr. Sherrill also serves as the Senior Vice President of Business Development for.

THE WOODLANDS, Texas--(BUSINESS WIRE)--Perma-Pipe International Holdings, Inc. (NASDAQ: PPIH) today announced that it secured $52 million in project awards during the third quarter of 2025, including $30 million previously announced in September. The additional $22 million in new awards includes major data center infrastructure projects in the United States and Saudi Aramco–related projects to be executed from the company's recently approved Dammam, Saudi Arabia facility. “These awards undersco.

Perma-Pipe International Holdings is a specialized pipe manufacturer, operating primarily in the Middle East and North America. PPIH is poised to benefit from increased capital expenditures in the Middle East, supporting its expansion and revenue growth. Company backlog signals significant revenue growth ahead, as shown by the attractive Book-to-Bill ratio.

Economic activity is booming in the North Sea and the Middle East. Two small caps, MIND and PPIH, are participating.

Perma-Pipe reported 28% year-over-year sales growth in Q2 2025, driven by strong project volumes in the Middle East and North America. Margins were temporarily impacted by a one-time executive compensation expense and a high tax rate, distorting true profitability. Backlog surged 109% year-over-year, and the company is exploring entry into the data center cooling market, adding optional growth potential.

SPRING, Texas--(BUSINESS WIRE)--Perma-Pipe International Holdings, Inc. (NASDAQ: PPIH) today announced that its Saudi Arabian business unit has received formal technical and commercial approval from Saudi Aramco, the world's largest oil company. This approval significantly expands Perma-Pipe's business opportunities in the Kingdom, enabling the Company to directly serve the oil and gas sector, a critical step forward in its long-term strategic plan to strengthen its presence and broaden its pro.

Perma-Pipe's Q2 earnings fall 75% year over year due to a one-time executive cost, though sales rise 27.7%, driven by strong demand in the Middle East and North America. A strategic review is currently underway.

SPRING, Texas--(BUSINESS WIRE)--Perma-Pipe International Holdings, Inc. (NASDAQ: PPIH) announced today financial results for the second quarter ended July 31, 2025. “For the three months ended July 31, 2025, net sales were $47.9 million, an increase of $10.4 million, or 27.7%, compared to $37.5 million in the prior-year quarter. Growth was driven by higher sales volumes in both the Middle East and North America. Gross profit was $14.4 million, up $0.9 million from $13.5 million last year, refle.