Perma-Pipe International Holdings, Inc., together with its subsidiaries, engineers, designs, manufactures, and sells specialty piping and leak detection systems. The company offers insulated and jacketed district heating and cooling piping systems for energy distribution from central energy plants to various locations; and primary and secondary containment piping systems for transporting chemicals, hazardous fluids, and petroleum products, as well as engages in the coating and insulation of oil and gas gathering and transmission pipelines. It has operations in the United States, Canada, the Middle East, Europe, India, and internationally. The company was formerly known as MFRI, Inc. and changed its name to Perma-Pipe International Holdings, Inc. in March 2017. Perma-Pipe International Holdings, Inc. was founded in 1909 and is headquartered in Niles, Illinois.
IPO Year:
Exchange: NASDAQ
Website: permapipe.com
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4 - Perma-Pipe International Holdings, Inc. (0000914122) (Issuer)
4 - Perma-Pipe International Holdings, Inc. (0000914122) (Issuer)
4 - Perma-Pipe International Holdings, Inc. (0000914122) (Issuer)
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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. 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 volum
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 Howard Energy Partners, a private midstream energy infrastructure company. From 2003 to 2019, Mr. Sherrill was the President and a board member of Ceritas Energy LLC, a midstream infrastructure company focused on midstream gathering a
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, respon
Energy Capital Solutions, LLC has been engaged by Perma-Pipe International Holdings, Inc. (NASDAQ: PPIH) ("Perma-Pipe" or the "Company") to assist the Company in evaluating its strategic alternatives. Perma-Pipe's successful execution of its business plans over the past 3 years, including geographic, market and product expansion, has resulted in rapidly increasing backlog and profitable growth. The Company is now considering a wide range of strategic alternatives to further enhance its business performance and shareholder value. Rapidly Growing Global Leader of Engineered Pre-Insulated Piping Systems Perma-Pipe is an engineered piping infrastructure manufacturer, with operations in Nort
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 product offerings in the Middle East. Until now, Perma-Pipe's access to the Saudi market was primarily concentrated in district heating and cooling (DHC). With this new approval, the Company is now well-positioned to participate in Sa
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 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 b
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 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 $
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. Walker commented: "On behalf of the Board of Directors, I want to thank David for his service to Perma-Pipe, and we wish him all the best. The Board is thrilled to welcome Saleh Sagr as our new CEO. He has a proven track record of strategic vision, operational insight, outstanding customer relationships, and strong leadership and we
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 jacketed with a high-density polyethylene casing. Adham Sharkawy, Senior Vice President of Perma-Pipe's MENA region, remarked, "In response to this important award, we will begin executing the project from a temporary facility in Doha, ensuring timely delivery and uninterrupted service to our client. Simultaneously, we are advanc
The Company generated net sales of $45.0 million for the quarter and $158.4 million for the year Income before income taxes of $5.3 million for the quarter and $18.5 million for the year Backlog of $138.1 million at January 31, 2025, compared to $68.5 million at January 31, 2024 Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH) announced today financial results for the fourth quarter and 2024 fiscal year ended January 31, 2025. "Sales for the fourth quarter and full year 2024 show moderate growth and were $45.0 million and $158.4 million, resulting in increases of $4.8 million and $7.7 million, compared to the prior year. Income before taxes was $5.3 million and $18.5 million i
8-K - Perma-Pipe International Holdings, Inc. (0000914122) (Filer)
10-Q - Perma-Pipe International Holdings, Inc. (0000914122) (Filer)
8-K - Perma-Pipe International Holdings, Inc. (0000914122) (Filer)
8-K - Perma-Pipe International Holdings, Inc. (0000914122) (Filer)
10-Q - Perma-Pipe International Holdings, Inc. (0000914122) (Filer)
8-K - Perma-Pipe International Holdings, Inc. (0000914122) (Filer)
8-K - Perma-Pipe International Holdings, Inc. (0000914122) (Filer)
DEFA14A - Perma-Pipe International Holdings, Inc. (0000914122) (Filer)
8-K - Perma-Pipe International Holdings, Inc. (0000914122) (Filer)
8-K - Perma-Pipe International Holdings, Inc. (0000914122) (Filer)
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4 - Perma-Pipe International Holdings, Inc. (0000914122) (Issuer)
4 - Perma-Pipe International Holdings, Inc. (0000914122) (Issuer)
4 - Perma-Pipe International Holdings, Inc. (0000914122) (Issuer)
4 - Perma-Pipe International Holdings, Inc. (0000914122) (Issuer)
4 - Perma-Pipe International Holdings, Inc. (0000914122) (Issuer)
4 - Perma-Pipe International Holdings, Inc. (0000914122) (Issuer)
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Live Leadership Updates
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 Howard Energy Partners, a private midstream energy infrastructure company. From 2003 to 2019, Mr. Sherrill was the President and a board member of Ceritas Energy LLC, a midstream infrastructure company focused on midstream gathering a
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 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 b
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. Walker commented: "On behalf of the Board of Directors, I want to thank David for his service to Perma-Pipe, and we wish him all the best. The Board is thrilled to welcome Saleh Sagr as our new CEO. He has a proven track record of strategic vision, operational insight, outstanding customer relationships, and strong leadership and we
Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH) today announced the notification of Chief Executive Officer David Mansfield to retire and the appointment of Saleh Sagr as President. Mr. Mansfield's decision to retire follows a highly successful tenure as CEO, during which the Company experienced significant prosperity, with notable improvements in both profitability and share price. Under Mr. Mansfield's leadership, the Company significantly increased its financial performance, all the while executing a strategic initiative to continue its international expansion, both organically and through strategic partnerships. Additionally, this decision also marks the culmination of a remarkab
Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH), today announced changes to its Board of Directors, including the appointment to the Board of Mr. Jon C. Biro, effective March 4, 2025. Mr. Biro, age 58, has extensive business leadership, financial, board, and C-Suite executive experience, serving as an Operating Advisor to Snow Peak Capital, LLC since 2022, as well as serving on the board for one of its portfolio companies, Sandy Alexander, Inc., a commercial printing business. Previously, Mr. Biro served as Chief Financial Officer to several public companies, including Harte-Hanks, Inc., a marketing services business from 2017 to 2019, Exterran Holdings, Inc., in the natural gas com
Perma-Pipe Board member Cynthia Boiter resignation and Chairman Jerome T. Walker not standing for re-election Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH), today announced changes to its Board of Directors, including the appointment to the Board of Mr. Ibrahim Jaham Al Kuwari, effective January 6, 2025. Concurrent with this announcement, Independent Director Cynthia Boiter has announced her resignation, effective May 1, 2025, and current Chairman of the Board, Jerome Walker, has announced he will not be standing for re-election at Perma-Pipe's upcoming 2025 Annual Stockholders Meeting. They will both be transitioning their Board responsibilities over the coming months. Presid
Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH) today announced the appointment of Matthew Lewicki to Vice President and Chief Financial Officer, Secretary and Treasurer ("CFO") replacing long time financial executive D. Bryan Norwood who informed the Board of his intention to retire effective October 2, 2023. As CFO, Matthew is charged with leadership, oversight and execution of all PPIH financial matters and will serve as a key business advisor to the senior leadership team and Board of Directors. Mr. Norwood will transition his responsibilities to Mr. Lewicki while assuming the role of Vice President, Strategy until his retirement on March 31, 2024. Mr. Lewicki joined PPIH in 202
Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH) today announced the appointment of Chuck Heaton to Vice President of Human Resources replacing Jill Curry. Chuck is charged with providing Human Resources strategy and leadership in developing and shaping key core competencies within PPIH that support the continuing growth of the company's business globally. These key core competencies include organizational design, talent management, succession planning, workforce planning, employee engagement, and overall business partnership. Chuck has extensive experience working globally including North and South America, Caribbean, Europe, Africa, Middle East and Asia Pacific. He has spent a to
Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH) today announced Wayne Bosch has retired on July 3, 2022, after eight years of service to PERMA-PIPE and its subsidiaries. "Wayne joined the company in 2013 when we were known as MFRI, playing an instrumental role in many of the changes impacting MFRI and PERMA-PIPE over the years. As the Vice President and Chief Human Resources Officer, Wayne was a key executive team member. He also served as Chief Compliance Officer. He provided valuable leadership and contributed to our strategy development globally. Wayne was a dependable and helpful resource to us throughout his tenure. Not only in his core function of HR but also in other important
Long-time Perma-Pipe board member David Barrie - not standing for re-election Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH), a global engineered piping services company, today announced changes to its Board of Directors, including the appointment to the Board of Mr. Robert McNally effective February 14, 2022. Robert McNally will replace Perma-Pipe Director, Mr. David Barrie, who has announced he will not stand for re-election to the Perma-Pipe Board during Perma-Pipe's upcoming June 23, 2022 annual stockholders meeting. President and CEO, Mr. David Mansfield commented, "Mr. Barrie has been a valued member of our Board since 2012 and as Chairman since 2015, guiding the company thro