$25.88
3.01% yesterday
Nasdaq, Oct 13, 10:00 pm CET
ISIN
US7141671039
Symbol
PPIH
Sector
Industry

Perma-Pipe International Holdings Inc Stock News

Positive
Seeking Alpha
7 days ago
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 ...
Neutral
Business Wire
19 days ago
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, ...
Neutral
Business Wire
29 days ago
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 ...
Positive
Seeking Alpha
2 months ago
Perma-Pipe's specialty pipes and leak detection systems serve critical roles in energy, oil & gas, and increasingly, data center markets. The shift to liquid cooling in data centers creates a significant new growth avenue and recent strategic hires highlight management's commitment to expanding in the data center. While data centers offer growth, the legacy pipeline business remains robust, ens...
Neutral
Business Wire
4 months ago
SPRING, Texas--(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 o...
Neutral
Business Wire
4 months ago
SPRING, Texas--(BUSINESS WIRE)--Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH, or “Perma-Pipe”), today announced the departure of David Mansfield as Chief Executive Officer ("CEO"), effective June 7, 2025. Concurrent with this announcement, the Board of Directors (the "Board") has appointed Saleh Sagr to serve as President and Chief Executive Officer. Chairman of the Board Jerome T. Wal...
Positive
Seeking Alpha
5 months ago
Perma-Pipe reported strong FY2024 results, with Q4 revenue up 12% YoY and gross margins steady at 33.5%, supported by a record-high backlog of $167.5 million. The company's growth is largely driven by Middle Eastern energy infrastructure expansion, making its outlook highly sensitive to oil prices and government-backed project cycles. Valuation appears reasonable at ~$13/share, with moderate mu...
Neutral
Business Wire
5 months ago
SPRING, Texas--(BUSINESS WIRE)--Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) today announced that it has received its first project award to be executed in Qatar since the announcement of the intent to mobilize there. The project will be for USD $2.4 million and will utilize Perma-Pipe's fabrication capabilities and the XTRU-THERM® insulation system, a spray-applied polyurethane foam ...

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