PPIH

Shares of Perma-Pipe International Holdings, Inc. PPIH have declined 12.4% since the company reported its earnings for the quarter ended Jan. 31, 2026, underperforming the S&P 500 index’s 1.1% growth over the same period. Over the past month, however, the stock has gained 4%, lagging the broader market’s 8.2% increase. Perma-Pipe reported fourth-quarter fiscal 2025 GAAP earnings per share (EPS) of 60 cents, which increased sharply from 22 cents in the prior-year quarter. Net sales rose 22.4% to $55.1 million from $45 million a year earlier, while net income attributable to common stock climbed 172.2% to $4.9 million. Perma-Pipe International Holdings, Inc. price-consensus-eps-surprise-chart | Perma-Pipe International Holdings, Inc. Quote The company’s gross profit for the quarter increased to $17.3 million from $15.2 million in the prior-year period, supported by higher activity levels across its markets. Operating income also improved, reaching $7 million in the fourth quarter versus $5.4 million a year earlier. The company ended the quarter with a backlog of $121.6 million, indicating sustained demand and strong order conversion into revenues. This backlog level remains historically high, suggesting continued visibility into future revenue streams. Growth in both the quarter and full year was primarily driven by higher sales volumes in key regions, particularly the Middle East and North America. Management highlighted that increased activity levels contributed to higher gross profit, while improved operational execution enabled the company to convert backlog into realized revenues more efficiently. Expenses increased moderately during the quarter, with selling, general and administrative costs rising to $10.3 million from $9.7 million, largely due to higher payroll expenses. Tax dynamics also played a role in profitability. The effective tax rate declined significantly in the fourth quarter to 12.3% from 32.1% in the prior year, boosting net income. Management characterized fiscal 2025 as a “landmark” year, citing record revenue and earnings driven by broad-based global growth. CEO Saleh Sagr emphasized that expansion across North America and the Middle East, combined with disciplined margin management, enabled the company to translate top-line growth into substantial bottom-line gains. The company also pointed to strong operational execution, particularly...

Net sales increased to $55.1 million for the quarter and $210.9 million for the full year, compared to $45.0 million and $158.4 million in the prior year periods, respectively Income before income taxes increased to $6.4 million for the quarter and $27.5 million for the full year, compared to $5.3 million and $18.5 million in the prior year periods, respectively GAAP diluted earnings per share increased to $0.60 for the quarter and $2.09 for the full year, compared to $0.22 and $1.12 in the prior year periods, respectively Backlog stood at $121.6 million, reflecting strong conversion to revenue during the quarter THE WOODLANDS, Texas, April 16, 2026--(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 $2.1 million from $15.2 million last year, reflecting higher activity levels. Selling, general and administrative expenses increased slightly to $10.3 million from $9.7 million, primarily due to higher payroll costs, partially offset by lower bonus costs. The Company’s effective tax rate ("ETR") was 12.3%, compared to 32.1% in the prior-year quarter, reflecting the impact of product mix across various tax jurisdictions. As a result, net income attributable to common stock was $4.9 million, an increase of $3.1 million, or 172.2%, compared to $1.8 million in the fourth quarter of fiscal 2024," noted President and CEO Saleh Sagr. "For the year ended January 31, 2026, net sales were $210.9 million, an increase of $52.5 million, or 33.1%, compared to $158.4 million in the prior year period. The increase was primarily attributable to higher sales volumes in both the Middle East and North America. Gross profit was $69.5 million, compared to $53.2 million in the prior year period, reflecting increased activity levels. Selling, general and administrative expenses were $40.1 million, up from $32.9 million, due to higher payroll and professional fees, including approximately $1.0 million related to Sarbanes-Oxley Section 404 compliance in connection with ou...

Shares of Perma-Pipe International Holdings, Inc. PPIH have gained 9.9% since the company reported its earnings for the quarter ended Oct. 31, 2025. In contrast, the S&P 500 index has declined 1.4% during the same period. Over the past month, Perma-Pipe’s stock has surged by an impressive 38.1%, significantly outperforming the broader market, which rose just 2.6%. For the third quarter of 2025, Perma-Pipe reported diluted earnings per share (EPS) of 77 cents, more than doubling from 31 cents a year earlier. The company’s net sales of $61.1 million denoted a 46.9% increase compared to $41.6 million in the same period last year. The company attributed the revenue growth to higher sales volumes in both the Middle East and North America. Gross profit rose by $6.9 million to $21 million, representing a 49% increase over the prior-year period. Net income attributable to common stock soared to $6.3 million, up 152% from $2.5 million in the year-ago quarter. Perma-Pipe International Holdings, Inc. price-consensus-eps-surprise-chart | Perma-Pipe International Holdings, Inc. Quote Perma-Pipe reported a backlog of $148.9 million as of Oct. 31, 2025, up from $138.1 million at the beginning of the fiscal year. This represents a 7.8% increase year to date and a more than 30% jump from the same point in the prior year, demonstrating robust demand across both North America and the MENA region. Operating income for the quarter was $11.4 million, up from $5.6 million in the third quarter of 2024. The company maintained steady interest expense at $0.5 million and reduced its effective tax rate to 27% from 32% in the prior-year quarter, benefiting from a favorable jurisdictional mix. Operating expenses rose to $9.6 million, driven primarily by higher payroll and professional services expenses. President and CEO Saleh Sagr highlighted the company's operational progress, noting that year-to-date revenues nearly match the full-year total for fiscal 2024. Sagr described the earnings as “the highest level of earnings since the Company’s transition from MFRI to Perma-Pipe in 2017,” underscoring a significant milestone in profitability. He attributed the strong performance to continued growth in core markets, improved operating leverage and successful project execution. Sagr also pointed to the company’s ongoing strategic investments, particularly in the new Qatar facility, which has...

Net sales of $61.1 million for the quarter and $155.8 million year-to-date. Income before income taxes of $10.9 million for the quarter and $21.1 million year-to-date. Diluted earnings per share of $0.77 for the quarter and $1.49 year-to-date. Backlog of $148.9 million at October 31, 2025, up from $138.1 million at January 31, 2025. THE WOODLANDS, Texas, December 12, 2025--(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 million last year, reflecting higher activity levels. Selling, general and administrative expenses increased to $8.3 million from $7.3 million, primarily due to higher payroll and professional fees, including approximately $0.5 million relating to Sarbanes-Oxley 404 compliance in connection with our transition from a small reporting company to an accelerated filer. The Company’s effective tax rate ("ETR") was 27%, compared to 32% in the prior-year quarter, reflecting the impact of product mix in various tax jurisdictions. As a result, net income attributable to common stock was $6.3 million, an increase of $3.8 million, or 152.0%, compared to $2.5 million in the third quarter of fiscal 2024," noted President and CEO Saleh Sagr. "For the nine months ended October 31, 2025, net sales were $155.8 million, an increase of $42.4 million, or 37.4%, compared to $113.4 million in the prior-year period. The increase was primarily attributable to higher sales volumes in both the Middle East and North America. Gross profit was $52.2 million, compared to $38.1 million in the prior year period, reflecting increased activity levels during the current year. General and administrative expenses were $26.1 million, up from $19.5 million, due to higher payroll and professional fees, including approximately $1.0 million relating to Sarbanes-Oxley 404 compliance in connection with our transition from a small reporting company to an accelerated filer. This also includes a one-time compensation charge of approximately $2.0 million related to the...

THE WOODLANDS, Texas, December 03, 2025--(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 underscore the accelerating demand we’re seeing across mission-critical infrastructure, especially in the data center sector," said Marc Huber, Senior Vice President, North America. "Our teams continue to deliver the technical capabilities, responsiveness, and reliability that our customers expect as they scale up." Adham Sharkawi, Senior Vice President, MENA, added: "Growth in the Kingdom of Saudi Arabia is a strategic priority for Perma-Pipe. The new Saudi Aramco awards demonstrate our strengthened local presence in Dammam and reinforce our commitment to providing localized production, advanced manufacturing, and in-country value aligned with regional development goals." "These wins highlight the strength of the platform we have built and the disciplined execution that underpins our growth," said Saleh Sagr, President and Chief Executive Officer. "Perma-Pipe continues to deliver reliable, high-value solutions in markets where performance and safety are critical. The momentum we are seeing across North America and the Middle East reflects not only rising demand, but also our ability to respond quickly with the engineering expertise, manufacturing capacity, and localized capabilities that set Perma-Pipe apart." Perma-Pipe’s expanded Dammam facility enhances the company’s regional manufacturing and fabrication capabilities, enabling faster deployment of engineered piping systems, modular components, and integrated industrial solutions for energy, utilities, and mission-critical infrastructure customers. Perma-Pipe International Holdings, Inc. Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) is a global leader in pre-insulated piping and leak detection systems for oil and gas, district heating and cooling, and other applications. It uses its extensive engineering and fabrication expertise to develop piping solutions that solve complex challenges regardin...

Perma-Pipe’s revenue growth was fueled by higher sales volumes across key geographies, particularly in the Middle East and North America. However, profitability was dampened by internal cost structures and transitional events. Notably, the executive leadership change led to a substantial one-time cost, impacting both net income and tax rates. The company also invested in infrastructure expansion, with capital allocated to launch the Qatar facility. While this step positions the company for future growth, it adds pressure on current-period expenses. A major structural update during the quarter was Perma-Pipe’s change in filer status with the SEC. Following a public float assessment, the company now qualifies as an “accelerated filer,” transitioning from its previous “Smaller Reporting Company” designation. This change means Perma-Pipe will now adhere to stricter reporting timelines and enhanced disclosure requirements beginning with its fiscal year ending Jan. 31, 2026. In addition, the company's backlog reached $157.8 million as of July 31, 2025, up 14.3% from $138.1 million at the beginning of the year. This increase in backlog underscores strong demand and provides visibility into future revenue streams. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Perma-Pipe International Holdings, Inc. (PPIH): Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Revenue: US$47.9m (up 28% from 2Q 2025). Net income: US$851.0k (down 74% from 2Q 2025). Profit margin: 1.8% (down from 8.8% in 2Q 2025). The decrease in margin was driven by higher expenses. EPS: US$0.11 (down from US$0.41 in 2Q 2025). Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. All figures shown in the chart above are for the trailing 12 month (TTM) period Perma-Pipe International Holdings shares are down 18% from a week ago. What about risks? Every company has them, and we've spotted 2 warning signs for Perma-Pipe International Holdings you should know about. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

The Company generated net sales of $47.9 million for the quarter and $94.6 million year-to-date Income before income taxes of $2.8 million for the quarter and $10.2 million year-to-date Adjusted Income before tax of $4.9 million for the quarter and $12.3 million year-to-date Backlog of $157.8 million at July 31, 2025, compared to $138.1 million at January 31, 2025 SPRING, Texas, September 15, 2025--(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, reflecting higher activity levels. General and administrative expenses increased to $10.0 million from $6.0 million, primarily due to higher payroll and professional fees. This includes a one-time $2.1 million charge related to accelerated executive compensation following the departure of the previous CEO. The Company also incurred additional costs in the quarter for setting up a manufacturing facility in Qatar on the back of securing more than $5 million in new awards, which will be executed before the end of this year. The Company’s effective tax rate ("ETR") was 54%, compared to 23% in the prior-year quarter, reflecting the impact of the one-time compensation charge and jurisdictional income mix. As a result, net income attributable to common stock was $0.9 million, compared to $3.3 million in the second quarter of fiscal 2024," noted President and CEO Saleh Sagr. "For the six months ended July 31, 2025, net sales were $94.6 million, an increase of $22.8 million, or 31.8%, compared to $71.8 million in the prior-year period. Growth was driven by stronger sales volumes in both the Middle East and North America. Gross profit was $31.1 million, up $7.1 million from $24.0 million, reflecting increased activity levels and improved margins from product mix. General and administrative expenses rose to $17.8 million from $12.1 million, due to higher payroll and professional fees, including the one-time compensation charge related to the departure of the previous CEO. The Company’s effective tax rate...

Perma-Pipe International Holdings (PPIH) shares fell 15% in recent Monday trading after the company

Shares of Perma-Pipe International Holdings, Inc. PPIH have surged 45.5% since the company released its earnings for the quarter ended April 30, 2025. This robust advance notably outpaced the S&P 500 index, which declined by 1% during the same period. Over the past month, PPIH’s momentum accelerated further with a 63.8% gain, while the S&P 500 posted a modest 1% increase. Perma-Pipe posted earnings per share of 61 cents in the first quarter of fiscal 2025, which rose from 18 cents in the prior-year quarter on the back of both volume growth and enhanced project execution. (See the Zacks Earnings Calendar to stay ahead of market-making news.) The company’s net sales of $46.7 million marked a 36.2% jump from $34.3 million in the same quarter last year. Net income attributable to common stock soared to $5 million from $1.4 million, marking a 243% year-over-year increase. Gross profit improved to $16.7 million, representing 36% of net sales, up from $10.5 million or 31% of sales in the year-ago period. Income from operations more than doubled to $7.9 million, reinforcing the company’s improved operational leverage. Perma-Pipe International Holdings, Inc. price-consensus-eps-surprise-chart | Perma-Pipe International Holdings, Inc. Quote The performance was buoyed by increased sales volumes in both the Middle East and North America, suggesting diversified demand across key operating geographies. Management highlighted that the Americas and the MENA region delivered comparable results, contributing significantly to the overall performance uptick. The combination of higher sales volumes and improved product mix led to better margins, helping gross profit expand by $6.2 million. General and administrative costs rose $1.6 million to $7.7 million, driven by higher payroll and professional fees. Selling expenses remained steady year over year. Meanwhile, net interest expense and other non-operating costs were essentially flat compared to the prior-year quarter. President and CEO Saleh Sagr characterized the quarter as “unprecedented,” noting that both net sales and net income attributable to common stock reached their highest levels for a first quarter since the company’s rebranding in 2017. Sagr emphasized that first-quarter net income already represents approximately 55% of the company’s total earnings for fiscal 2024, hinting at strong momentum heading into the remain...

Revenue: US$46.7m (up 36% from 1Q 2025). Net income: US$4.95m (up 243% from 1Q 2025). Profit margin: 11% (up from 4.2% in 1Q 2025). The increase in margin was driven by higher revenue. EPS: US$0.62 (up from US$0.18 in 1Q 2025). AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. All figures shown in the chart above are for the trailing 12 month (TTM) period Perma-Pipe International Holdings shares are up 19% from a week ago. You should learn about the 1 warning sign we've spotted with Perma-Pipe International Holdings. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

The Company generated net sales of $46.7 million compared to $34.3 million in the first quarter of 2024 Income before income taxes of $7.4 million versus $2.6 million in the first quarter of 2024 Backlog of $131.1 million at April 30, 2025, compared to $63.1 million at April 30, 2024 SPRING, Texas, June 13, 2025--(BUSINESS WIRE)--Perma-Pipe International Holdings, Inc. (NASDAQ: PPIH) announced today financial results for the first quarter ended April 30, 2025. "Sales for the first quarter were $46.7 million, resulting in an increase of $12.4 million, or 36.2%, compared to $34.3 million in the same quarter last year. Net income attributable to common stock of $5.0 million was an increase of $3.6 million, or 243%, compared to $1.4 million in the first quarter of the prior year," noted President and CEO Saleh Sagr. Backlog currently stands at $131.1 million, a decrease of $7.0 million, compared to $138.1 million at January 31, 2025. However, the Company has experienced a significant increase in backlog of $68.0 million, or 108%, compared to $63.1 million at April 30, 2024. We feel encouraged with the level of backlog we have obtained, which remains more than double the level of reported backlog at the end of the first quarter last year," Mr. Sagr continued. "Our first quarter results represent unprecedented performance on behalf of the Company as both sales and net income attributable to common stock are the highest levels of performance in the first quarter since transitioning from MFRI to Perma-Pipe in 2017. Additionally, net income attributable to common stock during the first quarter represents approximately 55% of the Company’s full year fiscal 2024 results," noted President and CEO Saleh Sagr. "We are pleased with the level of business activity we are experiencing in various markets, which contributed to the overall increase in sales and earnings during the first fiscal quarter. Additionally, we are very encouraged by the level of performance in both the Americas and MENA region, which produced comparable results in the first quarter," Mr. Sagr commented. "The strength of our first quarter results provides significant momentum heading into the remaining quarters of fiscal 2025. We feel well-positioned that the Company will continue to capitalize on this momentum and drive further participation in development plans in MENA and gain additional market share...