Earnings summaries and quarterly performance for Perma-Pipe International Holdings.
Executive leadership at Perma-Pipe International Holdings.
Board of directors at Perma-Pipe International Holdings.
Research analysts covering Perma-Pipe International Holdings.
Recent press releases and 8-K filings for PPIH.
Perma-Pipe International Holdings, Inc. Announces Third Quarter Fiscal 2025 Financial Results
PPIH
Earnings
CEO Change
Executive Compensation
- Perma-Pipe International Holdings, Inc. reported net sales of $61.1 million for the third quarter ended October 31, 2025, representing a 46.9% increase compared to the prior year's third quarter. Year-to-date net sales reached $155.8 million, an increase of 37.4% over the same period in fiscal 2024.
- The company achieved GAAP diluted earnings per share of $0.77 for the third quarter and $1.49 year-to-date ended October 31, 2025.
- Net income attributable to common stock for the third quarter was $6.3 million, a 152.0% increase over the prior year, and $12.1 million year-to-date, which is a 68.1% increase and exceeded full-year fiscal 2024 results.
- Backlog stood at $148.9 million as of October 31, 2025, an increase of 7.8% from January 31, 2025.
- Year-to-date general and administrative expenses included a $2.0 million one-time compensation charge related to the departure of the previous CEO.
Dec 12, 2025, 2:00 PM
Perma-Pipe International Holdings, Inc. Announces Third Quarter 2025 Financial Results
PPIH
Earnings
Revenue Acceleration/Inflection
- Perma-Pipe International Holdings, Inc. reported net sales of $61.1 million for the third quarter ended October 31, 2025, representing a 46.9% increase compared to the prior year, and $155.8 million year-to-date.
- Diluted earnings per share (EPS) for Q3 2025 was $0.77, with year-to-date diluted EPS reaching $1.49.
- Income before income taxes for Q3 2025 was $10.9 million, and $21.1 million year-to-date.
- The company's backlog stood at $148.9 million as of October 31, 2025, an increase of 7.8% from January 31, 2025, and more than 30% higher than the prior year's third quarter backlog.
- Year-to-date net income attributable to common stock was $12.1 million, surpassing the full-year fiscal 2024 results of approximately $9.0 million.
Dec 12, 2025, 2:00 PM
Perma-Pipe International Holdings Announces Q2 2025 Results and Explores Strategic Alternatives
PPIH
Earnings
M&A
CEO Change
- Perma-Pipe International Holdings reported net sales of $47.9 million for the second quarter ended July 31, 2025, and $94.6 million year-to-date.
- Net income attributable to common stock for Q2 2025 was $0.9 million, impacted by a one-time $2.1 million charge related to accelerated executive compensation following the previous CEO's departure. Year-to-date net income attributable to common stock was $5.8 million.
- The company's backlog increased to $157.8 million at July 31, 2025, marking a 14.3% increase from January 31, 2025, and a 109.0% increase from July 31, 2024.
- Perma-Pipe International Holdings has initiated an exploration of strategic alternatives to maximize shareholder value, potentially including a sale of divisions or the entire company.
- The company's filer status changed to an accelerated filer as of July 31, 2025, after its public float exceeded the $75 million threshold for a Smaller Reporting Company.
Sep 15, 2025, 1:21 PM
Perma-Pipe International Holdings, Inc. Announces Q2 2026 Financial Results and Strategic Review
PPIH
Earnings
M&A
Executive Compensation
- Perma-Pipe International Holdings, Inc. reported net sales of $47.9 million for the second quarter ended July 31, 2025, and $94.6 million year-to-date.
- Net income attributable to common stock was $0.9 million ($0.10 diluted EPS) for Q2 2026, impacted by a one-time $2.1 million charge for accelerated executive compensation following a CEO departure.
- The company's backlog reached $157.8 million at July 31, 2025, an increase of 14.3% from January 31, 2025.
- Perma-Pipe International Holdings, Inc. announced it is exploring strategic alternatives to maximize shareholder value, which may include the sale of divisions or the entire company.
- The company's filer status changed from a Smaller Reporting Company to an accelerated filer as its public float exceeded $75 million as of July 31, 2025.
Sep 15, 2025, 1:10 PM
Perma-Pipe International appoints Saleh Sagr as CEO
PPIH
CEO Change
New Projects/Investments
- David Mansfield stepped down as CEO effective June 7, 2025, and Saleh Sagr was named President and CEO.
- Sagr has over 30 years of experience in energy and infrastructure and has held executive roles at Perma-Pipe since 2019.
- The company reported a 58% return over the past year, maintains moderate debt and strong liquidity, and secured $27 million in project awards across the Americas and MENA region.
Jun 13, 2025, 12:16 AM
Perma-Pipe International Holdings appoints Saleh Sagr as CEO
PPIH
CEO Change
Management Change
- Effective June 7, 2025, David Mansfield departed as Chief Executive Officer of Perma-Pipe International Holdings, Inc.
- On June 12, 2025, the Board appointed Saleh Sagr, formerly the Company’s President, as President and Chief Executive Officer, effective immediately
- Mr. Sagr has served as President since April 2025, was Senior Vice President for the MENA region from June 2021 to March 2025, and joined Perma-Pipe in May 2019
Jun 12, 2025, 12:00 AM
Perma-Pipe Announces CEO Retirement and New President Appointment
PPIH
CEO Change
Management Change
- CEO David Mansfield announced his planned retirement on or before November 8, 2025 after an eight-year tenure, during which the company experienced significant profitability and international expansion.
- Saleh Sagr has been appointed as President to ensure a smooth leadership transition, with Mansfield remaining as CEO and board member until his retirement.
Apr 4, 2025, 12:00 AM
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